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 -21 February
Shein targets huge revenue growth ahead of IPO
Shein has reportedly set plans to nearly double its revenue to almost $60bn ($50bn) by 2025, whilst telling investors it…
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20 February
Aldi eyes London store estate expansion
Aldi has announced it is looking to increase its presence in London and around the M25 as part of a…
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20 February
Nearly 15,000 retail jobs lost in 2023
Nearly 15,000 retail jobs have been lost since the start of the year, according to new data from the Centre…
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20 February
Amazon to ask workers to return to office
Amazon has announced that it will be asking its staff to return to the office for at least three days…
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20 February
Tesco explores sale of banking arm
Tesco is reportedly set to launch a review of its banking arm which could lead to the sale of the…
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17 February
Harvey Nichols appoints ecommerce director
Harvey Nichols has announced the appointment of Annabel Thorburn, the current senior vice president of ecommerce at Sweaty Betty, as…
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17 February
UK retail sales unexpectedly rise due to January discounts
Retail sales volumes in the UK are estimated to have increased by 0.5% in January 2023, according to data from…
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17 February
Cath Kidston owner explores sale of business
The owner of the Cath Kidston is reportedly exploring a sale of the business only eight months after buying it.…
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16 February
500 jobs at risk at New Look distribution centre
New Look is reportedly planning to axe up to 500 roles at its distribution centre in Lymedale, Newcastle-under-Lyme, Drapers has…
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16 February
Wilko to axe over 400 jobs as sales fall
Wilko is reportedly set to axe over 400 jobs across the company as part of plans to cut costs amid…
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