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 -7 February
Jan retail sales rise 4.2% but fall YOY
Total retail sales in the UK rose 4.2% in January, a marked drop off when compared with the same period…
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7 February
Credit insurer pulls cover for Iceland’s suppliers amid rising costs
A leading credit insurer has cut its cover on suppliers to Iceland as the supermarket faces growing pressure amid the…
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7 February
Grocery sales rise 7.6% due to food price inflation
Total till grocery sales rose by 7.6% in the four week period to January 28, but this was due to…
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6 February
Aldi to donate £1m in apprenticeship funding to SMEs
Aldi is set to donate £1m to small and medium-sized businesses in 2023, to help fund local apprenticeship schemes across…
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6 February
Amazon to sublet UK warehouses as growth slows
Amazon is reportedly planning to sublet its empty warehouses across the UK, as it has continued to halt growth plans…
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6 February
Mike Ashley eyes two shopping centres in £100m deal
Mike Ashley has lined up a £100m acquisition of two shopping centres, according to The Times. Frasers Group is in…
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6 February
Trade bodies urge Govt to reform ‘broken’ apprenticeship levy
Four trade bodies within UK retail and hospitality, including the BRC, have called on the government to reform the “broken”…
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6 February
Tesco exec Jason Tarry touted to replace Morrisons CEO
Tesco executive Jason Tarry has been identified as a potential replacement for Morrisons CEO David Potts, according to reports from…
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3 February
Screwfix closes in on 1,000 store target with 87 new sites in 2022
Trade retailer Screwfix is on track to reach its ambition to open more than 1,000 stores across the UK, Republic…
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3 February
Apple Q1 revenues fall 5% $117.2bn
Tech giant Apple has announced that its revenues for the first quarter ended 31 December 2022 dropped 5% to $117.2bn…
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