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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Jan- 2023 -19 January
Boohoo revenues drop 11%
Boohoo has revealed its revenues dropped 11% to £637.7m in the three months to 31 December, in line with the…
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18 January
UK inflation dips for second consecutive month
UK inflation fell slightly for the second consecutive month from 10.7% to 10.5% in December as easing fuel costs were…
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18 January
Aldi increases pay rates for warehouse workers
Aldi has announced that it is increasing its pay rates for around 7,000 warehouse workers across the UK from 1…
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18 January
Burberry sales rise 1% amid Chinese ‘covid disruption’
British retailer Burberry has announced that its like for like sales only grew 1% for the 13 weeks ended 31…
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18 January
Inquiry launched into Asda’s takeover of Co-op forecourt business
The Competition and Markets Authority (CMA) has launched an investigation into Asda’s acquisition of Co-op’s petrol forecourt business. Last year,…
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18 January
WH Smith revenues up 41% amid strong travel sales
WH Smith has seen total revenues rise by 41% over the 20 week period ending 14 January 2023, with revenues…
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17 January
THG lowers profit guidance as it launches new strategy
THG has revealed it now expects its EBITDA to come in between £70m-£80m, down from £100m-130m, due to lower full-year…
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17 January
Lush sales soar 13.1% in December
Lush UK and Ireland has announced sales of £40.5m in December, exceeding forecasts and beating 2021’s sales by 13.1%, and…
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17 January
Ocado reveals Q4 revenues of £550m
Online retailer Ocado has announced revenues of £550m for 13 weeks ended 27 November 2022, an increase of 0.3% compared…
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17 January
Quiz sales up 11% over Christmas
Quiz group sales increased by 11% to £9.8m for the Christmas trading period ending 31 December 2022. Sales growth over…
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