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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Sep- 2022 -27 September
Frasers Group CEO to waive £1m salary
Frasers Group has confirmed that new CEO Michael Murray will waive his £1m base salary for the financial year ended…
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27 September
Boots former exec Gourlay in talks to join Holland & Barrett owner LetterOne
A former executive at the owner of Boots, Alex Gourlay, is reportedly in discussions to join the board of LetterOne,…
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27 September
Matalan announces new CEO as sales process begins
Matalan has announced the appointment of Nigel Oddy as interim CEO of Matalan Retail Ltd as the company begins a…
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27 September
Boohoo and Wilko cancel orders with suppliers amid slow sales
Boohoo has been cancelling and deferring orders from suppliers and Wilko has deferred payments to suppliers to protect its squeezed…
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27 September
Card Factory sales soars as high street business rebounds
Card Factory has welcomed revenue growth of 4.1% in its half-year results, following “good momentum within the business” as well…
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26 September
Pound plunges to historic low
The pound has plummeted to an all-time low against the dollar following the sweeping tax cuts announced by chancellor Kwasi…
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26 September
Frasers makes mandatory offer for MySale
Frasers Group has made a mandatory cash offer for the entire issued and to be issued share capital of Australian…
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26 September
Footfall set to plummet in lead up to Christmas
Springboard has forecast that footfall across all UK retail destinations will decline on a month to month basis by -4.9%…
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26 September
Aldi doubles down on price promise to customers amid rising costs
Budget supermarket retailer, Aldi, has pledged to continue to provide the lowest grocery prices in the UK to help households…
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26 September
Sainsbury’s property deal with LXi REIT falls through
Property investor LXi REIT has announced it is pulling out from a deal to buy 18 Sainsbury’s stores in southern…
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