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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Apr- 2023 -18 April
B&M axes online home delivery offering
B&M has axed its online home delivery service after trialling the offering, according to coverage from Retail Week. According to…
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18 April
Food and drink inflation in supermarkets surges 17.2% in March
Overall food and drink inflation in supermarkets rose 17.2% in March, up from 16.5% last month, according to data from…
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17 April
M&Co to close 43 shops by end of April
Scottish chain store M&Co has confirmed the closure of 43 of its sites by the end of the month. The…
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17 April
Retail M&A deals up 30% since pre-pandemic times, study finds
The number of UK M&A deals targeting retailers has increased by 30% since before the pandemic, with 34 retail M&A…
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17 April
Asda to trial driverless deliveries in London
Asda has partnered with Wayve self-driving vehicles in a year-long trial that will give the supermarket the ability to autonomously…
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17 April
Just Hype rescued in pre-pack administration deal
Streetwear brand Just Hype has been rescued from collapse following a pre-pack administration deal, according to Drapers. Drapers reported that…
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17 April
Pretty Little Thing CEO steps down
CEO of Pretty Little Thing Umar Kamani has announced he is stepping down from his role after 12 years in…
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17 April
Quiz revenues rise 17% in FY23
Quiz has revealed that its unaudited revenues increased by 17% to £91.7m in the financial year ended 31 March 2023,…
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14 April
Uniqlo owner sees profits rise 16% to £1.3bn
Uniqlo owner Fast retailing has recorded a 16% rise in operating profit to ¥220bn (£1.3bn) during the first six months…
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14 April
Superdry lowers guidance as sales fall ‘below expectations’
Superdry has lowered its FY23 guidance to £615m-£635m after sales in February and March were “below expectations”. The company stated…
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