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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Dec- 2022 -15 December
M&S appoints former Boohoo Group MD as head of menswear
Marks and Spencer has appointed the former managing director of Boohoo Group, Mitch Hughes, as director of menswear, Drapers has…
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14 December
Inflation falls to 10.7%
UK Inflation fell to 10.7% in November, down from 11.1% in October, but still remains close to a 40-year high…
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14 December
Watches of Switzerland sees H1 results surge 31% to £765m
Watches of Switzerland has revealed its revenues increased 31% to £765m during the first half of the year ended 30…
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14 December
Shein considers becoming online marketplace
Shein is reportedly considering becoming an online marketplace platform, in a move that would enable third-party merchants to sell directly…
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14 December
Footfall rises marginally as cold snap impacts performance
Footfall across UK retail destinations rose marginally last week (Dec 5-12) by +0.3% from the week before, with a varied…
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14 December
Zara owner sales rise 19% in Q3
Inditex, the parent company of Pull and Bear, Zara and Bershka, saw its sales reach €23.1bn (£19.8bn) in the third…
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13 December
Shopper spend rises 7.6% at UK supermarkets despite squeeze on incomes
Total Till sales grew +7.6% in the last four weeks ending 3 December 2022, up from +5.6% last month, according…
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13 December
Frasers Group snapped up I Saw It First for £1
Frasers Group has revealed that it acquired online retailer I Saw It First for a cash sum of only £1…
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13 December
Sosander sees 72% increase in FY23 H1
Sosander has announced net revenues of £21m in H1 FY23 ended 30 September, a 72% increase against the same period…
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13 December
Pepco to accelerate expansion plans as revenues hit €4.8bn
Poundland owner Pepco has announced that it will accelerate its expansion plans after it posted revenues of €4.8bn (£4bn) for…
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