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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Mar- 2023 -23 March
BoE raises interest rates to 4.25%
The Bank of England (BoE) has announced that interest rates will be raised by 0.25% to 4.25%, the highest rate…
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23 March
Amazon staff set for more strikes after ‘insulting’ pay offer
Amazon workers in the UK are planning further strikes after receiving what they called an “insulting” 50p-an-hour increase in base…
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23 March
Superdry offloads Asia Pacific IP assets in £40m deal
Superdry has announced it has agreed to sell its intellectual property assets in the Asia Pacific region to Cowell Fashion…
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23 March
Frasers to open third Sports Direct flagship in Manchester
Frasers Group is opening a third Sports Direct flagship store in Manchester’s Arndale Centre on 24 March. Set across five…
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23 March
Wickes FY profits fall despite growing sales
Wickes has revealed that pre-tax profits dropped to £40.3m after absorbing non-recurring costs of £35.1m, despite reporting a like-for-like increase…
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23 March
Ownership of business will ‘remain a constant’, says John Lewis chair
John Lewis chairwoman Sharon White has assured that employees’ ownership of the John Lewis Partnership will “remain a constant”, following…
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23 March
Ebay appoints new UK general manager
Ebay has promoted UK chief marketing officer Eve Williams to the role of vice president, general manager of its UK…
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22 March
Inflation unexpectedly jumps to 10.4% amid rising food prices
The UK inflation rate unexpectedly increased to 10.4% in February driven by increased drink and food prices which reached their…
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22 March
Porcelain Superstore’s sales rise to £16m
Online tile retailer Porcelain Superstore has reported a rise in sales to £15.9m from £15m in 2021, recording its eighth…
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22 March
Scotch & Soda files for bankruptcy for Dutch operations
Scotch and Soda has filed for bankruptcy for its Dutch operations after a structural cash flow deficit led to a…
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