News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Jan- 2023 -5 January
Greggs sales surge 23% in FY22
Greggs has announced that its FY22 sales were £1.5bn, an increase of 23.0% compared with the equivalent period in 2021…
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5 January
Amazon to axe 18,000 roles in bid to cut costs
Amazon has announced that it will axe over 18,000 roles across the group in a bid to cut costs following…
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4 January
Matalan lenders close in on takeover deal
A group of investors who have lent hundreds of millions to Matalan are closing in on a deal to take…
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4 January
Food inflation hits record high of 13.3%
ood inflation accelerated to the highest inflation rate in the category on record, after jumping to 13.3% in December, up…
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4 January
Victoria’s Secret acquires Adore Me
Victoria’s Secret has announced that it has completed the acquisition of Adore Me, a digitally-native intimates brand. According to the…
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3 January
Footfall drops almost 30% post-Christmas
Retailers in the UK saw footfall decrease 27.7% last week compared to the week before Christmas, which was just 7%…
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3 January
Aldi hails record December as sales top £1.4bn
Aldi’s Christmas sales during December soared 26%, topping £1.4bn for the first time. The figures, which reflect an increase in…
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3 January
Low retail sales growth expected in 2023, says BRC
Retail sales are estimated to grow between 2.3% to 3.5% in 2023, according to new analysis by the British Retail…
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Dec- 2022 -23 December
Frasers acquires former Debenhams flagship in Dublin
Frasers group has announced that it has bought a former Debenhams flagship store on Henry Street in Dublin. The 200,000…
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23 December
Superdry secures £80m loan amid strong H1 sales
Superdry has revealed it has secured a new three-year financing facility of up to £80m that won’t expire until December…
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