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 -30 January
Frasers Group increases N Brown stake
The Frasers Group has increased its shareholding in clothing and footwear retailer N Brown to become its second largest shareholder.…
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30 January
Lidl pledges to invest £4bn into UK food industry
Lidl has pledged to invest £4bn in British food businesses this year, as it plans to show its continued support…
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30 January
LVMH profits and revenues surge 23%
LVMH Moët Hennessy Louis Vuitton, the luxury goods group, revealed it recorded revenues of €79.2bn (£69.6bn) in 2022 and profits…
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30 January
Bestway acquires 3.45% share in Sainsbury’s
Bestway Group has announced it has agreed to acquire a total of 80,792,512 shares in Sainsbury’s, representing 3.45% of Sainsbury’s…
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30 January
Asda faces strike action after plans to cut jobs and reduce pay
Asda workers are reportedly planning strike action after the supermarket unveiled plans that could place 300 roles at risk across…
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27 January
Superdry lowers FY profit guidance to breakeven
Superdry has revealed it recorded an adjusted loss before tax of £13.6m for the 26-week period ending 29 October 2022,…
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27 January
H&M net sales increase 12%
H&M has announced that its net sales for FY22 increased 12% to SEK 223bn (£176bn) for the year ended 30…
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27 January
Asda to cut 300 roles as 4,000 face pay cuts
Asda has unveiled a series of change proposals that could place 300 roles at risk across the business, as well…
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27 January
Bensons for Beds sales up 7% over Christmas
Bensons for Beds saw like-for-like sales rise 7% for the last three months of 2022, compared to the same period…
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27 January
Store Vacancies fall to 13.8% in Q4
The overall vacancy rate improved to 13.8% in the fourth quarter of 2022, which was 0.1 percentage points better than…
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