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.
-
Aug- 2022 -22 August
Next increases stake in Reiss to 51%
Next has reportedly upped its stake in Reiss to 51%, having previously acquired a 25% equity stake in Reiss back…
Read More » -
22 August
Hargreaves enters new fight with lenders to secure Matalan’s future
John Hargreaves, the founder of Matalan, is preparing for a new fight with its lenders over its ownership ahead of…
Read More » -
22 August
Foot Locker CEO announces retirement
Foot Locker, the New York-based athletic retailer, has announced that Richard Johnson will retire as president and chief executive officer…
Read More » -
19 August
Retail sales improve slightly in July
Retail sales volumes rose by 0.3% in July 2022 following a fall of 0.2% in June 2022, according to the…
Read More » -
19 August
TK Maxx owner’s sales hit by ‘historical’ inflation
TK Maxx owner, The TJX Companies, has revealed net sales for the second quarter of Fiscal 2023 ended July 30…
Read More » -
19 August
Central Group and Signa Holdings complete Selfridges acquisition
Central Group and Signa Holding have completed the acquisition of Selfridges Group from the Weston Family in a deal that…
Read More » -
19 August
Consumer confidence hits record low of -44 in August
Acute concerns amid the soaring cost of living and bleak economic prospects saw GfK’s long-running Consumer Confidence Index fall by…
Read More » -
19 August
Joules faces FY loss as summer sales suffer
Joules has warned that it expects to deliver a full-year loss that is “significantly” below market expectations in its next…
Read More » -
18 August
B&M names former KPMG-head as non-executive director
B&M has appointed Oliver Tant as a non-executive director, effective 1 November 2022, and he will succeed Ron McMillan as…
Read More » -
18 August
Frasers makes cash offer for MySale
Mike Ashley’s Frasers Group has made a cash offer to acquire a 100% stake in Australian online marketplace MySale for…
Read More »
