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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Oct- 2022 -19 October
Asos profits plunge 105% as group outlines turnaround strategy
Asos has seen its profits plummet 105% to a loss of £9.8m in its latest full-year results, down from profits…
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18 October
Greggs wins initial ruling in £150m Covid insurance case
Greggs has reportedly won a landmark ruling in the high court that supports its case to claim more than £150m…
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18 October
Sosandar revenues soar 72% in H1
Sosandar has delivered a strong performance in the first half of the year, with revenues soaring 72% to £20.9m as…
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18 October
SoftBank offloads THG stake to founder Matt Moulding
Tokyo-based investment management company, Softbank Group, has reportedly offloaded its entire stake in the UK ecommerce company THG, after its…
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18 October
Bensons for Beds buys Eve Sleep out of administration
Bensons for Beds has purchased the Eve Sleep brand for an undisclosed sum after the business entered administration yesterday (17…
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18 October
Matalan secures 6 month extension to £350m debt repayment
Matalan has announced that it has secured a deadline extension for its £350m debt repayment. The company revealed the original…
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17 October
Chancellor reverses almost all mini-budget tax cuts
Newly appointed chancellor Jeremy Hunt has reversed almost all of the mini-budget commitments made by previous chancellor Kwasi Kwarteng last…
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17 October
Footfall increases marginally as city centre workers return to office
Footfall across UK retail destinations rose marginally by +0.8% last week from the week before as performance was boosted by…
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17 October
JD Sports increases stake in Deporvillage to 98%
JD Sports has announced the acquisition of an additional 18% holdings in the shares in sports equipment retailer, Deporvillage SL,…
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17 October
Asos enters final stages of financial amendment
Online fashion retailer Asos has said it is in the final stages of agreeing an amendment to the future financial…
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