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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Nov- 2022 -17 November
Joules collapses into administration
Joules has officially appointed administrators and is set to be wound up after talks with potential investors collapsed, with up…
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17 November
Lidl sees pre-tax profits quadruple to £41.1m
Budget supermarket chain Lidl has revealed its pre-tax profits quadrupled to £41.1m, up from £9.8m, during the year ending February…
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17 November
Burberry targets 50% increase in sales with new strategy
Burberry has revealed a new long-term strategy to drive revenue growth and acceleration, which will aim to see the group’s…
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16 November
Richemont sees sales surge but performance hampered by YNAP loss
Luxury jewellery retailer Richemont has reported strong sales and profit increase for the first half of the year but the…
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16 November
Rising energy and food costs push inflation to 11.1%
Inflation has risen to a 41-year high of 11.1% in October, according to data from the Office for National Statistics…
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16 November
Estée Lauder to acquire Tom Ford in $2.8bn deal
The Estée Lauder Companies (ELC) has announced it is set to acquire luxury brand Tom Ford in a deal that…
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16 November
Alpha Tauri enters UK market with London flagship
AlphaTauri, the fashion retailer owned by Red Bull, has continued its global expansion plans with the opening of a London…
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16 November
Levi Strauss names new CEO and president
Clothing retailer Levi Strauss and Co has announced the appointment of Michelle Gass to the position of president, effective from…
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16 November
Card Factory ups guidance after ‘stronger than expected’ trading
Card Factory has upped its FY23 guidance after “stronger than expected” trading in the second half of the year, with…
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15 November
Next announces new partnership with Fanatics
Next has announced a new connected inventory partnership with digital sportswear seller Fanatics which will allow it to sell officially…
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