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 -6 September
UK retail sales slow in August
UK retail sales slowed in August as total sales increased by 1.0% compared with an increase of 3% in August…
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6 September
Bon Accord owners placed in administration
The Guernsey-based owners and operators of the Bon Accord shopping centre in Aberdeen, Aberdeen Retail 1 Limited and Aberdeen Retail…
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5 September
UK retail sector M&A deals increase 21% on last year
The number of M&A deals targeting UK retailers has increased by 21% in the last year, up from 28 transactions…
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5 September
Matalan eyes sale as inflation dents business
Matalan is reportedly eyeing a potential sale of the discount chain ahead of a looming refinancing deadline, as the business…
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5 September
Waitrose admits to contract clauses which blocked rivals from opening stores
Waitrose has admitted to signing land agreements which included clauses that prevented rival supermarkets from setting up new stores near…
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5 September
Ted Baker sees revenues increase amid stronger store sales
Ted Baker Group has revealed that its revenues for the 14-week period to 29 July 2022 was up 3.4% compared…
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5 September
Iceland boss halts store openings amid cost-of-living crisis
Iceland has reportedly contacted No 10 directly with a plea to prepare an “immediate and radical” cost-of-living package, according to…
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2 September
EG Group profits hit by cost-of-living crisis in Q2
The Issa brothers-owned EG Group has seen its profits slump in Q2, as earnings fell by 6.5% to $355m (£307m)…
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2 September
Not On The High Street appoints Leanne Rothwell as CEO
Not On The High Street has announced its chief commercial officer Leanne Rothwell is to succeed Claire Davenport as its…
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2 September
Zahawi draws up multi-billion pound tax cut package for businesses
Chancellor Nadhim Zahawi has reportedly drawn up plans for a multi-billion pound tax cut package to help businesses amid rising…
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