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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Feb- 2023 -1 February
CMA launches supermarket pricing review
The CMA is set to review unit pricing practices online and instore within the grocery sector, after deciding that customers…
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1 February
Grocery Price inflation hits record 16.7%
Grocery price inflation hit a record 16.7% in the four weeks to 22 January 2023, according to Kantar, the highest…
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1 February
H&M confirms regional UK store closures
Fast fashion retailer H&M has confirmed that it will be closing a number of stores across the UK in Burton,…
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Jan- 2023 -31 January
Tesco in talks to acquire paperchase out of administration
Tesco is reportedly close to acquiring stationery retailer Paperchase out of administration. According to Sky News, Tesco is in advanced…
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31 January
Tesco to shake-up management and close counters, 2,100 jobs at risk
Tesco has announced a shake-up of its management structure alongside plans to shutter its remaining hot counters and delis, in…
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31 January
Pets at Home raises profit outlook
Pet retailer Pets at Home has raised its profit outlook after record Q3 consumer revenues, for the 12 weeks ended…
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31 January
Wickes sales grow 5.2% as energy-saving products provide boost
Wickes has announced that its like-for-like sales grew by 5.2% in Q4 up to 31 December, as it saw strong…
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31 January
Nearly half of FTSE retailers issued profit warnings in 2022
Profit warnings from UK-listed retailers increased by 48% in 2022 as rising costs prompted record levels of warnings, according to…
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30 January
Frasers Group increases N Brown stake
The Frasers Group has increased its shareholding in clothing and footwear retailer N Brown to become its second largest shareholder.…
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30 January
Lidl pledges to invest £4bn into UK food industry
Lidl has pledged to invest £4bn in British food businesses this year, as it plans to show its continued support…
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