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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May- 2018 -24 May
Shoe Zone’s profit more than triples in latest results
Shoe Zone has announced that its profits have more than tripled in its financial results for six months to 31…
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24 May
Tesco to remove ‘best before’ dates to cut down on food waste
Supermarket giant Tesco is to remove ‘best before’ consumption guidance dates from around 70 fruit and vegetable lines to help…
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23 May
500 Tesco jobs face the axe amid online ‘refocusing’
Tesco has announced plans to close its Tesco Direct website putting 500 jobs at risk. Tesco Direct’s headquarters and Milton…
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23 May
Primark set to overtake Marks and Spencer market share
Primark is set to overtake M&S to become the UK’s largest clothing retailer by market share, according to new data.…
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23 May
Boots posts revenue and profit drop
In newly filed accounts Boots has reported a drop in both its revenues and profits for its most recent financial…
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23 May
M&S profits dive 62% for full year
Marks and Spencer has reported a 62.1% drop in pre-tax profit for the year ending March 2018, amid an ongoing…
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22 May
Adobe to acquire Magento Commerce for $1.7bn
Technology firm Adobe has entered into a definitive agreement to acquire Magento Commerce, an e-commerce platform, for $1.68bn (£1.24bn). According…
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22 May
Revealed: M&S names stores to shutter
M&S has announced the next tranche of UK stores proposed for closure or set to close as it reshapes its…
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22 May
Tony Hoggett appointed Tesco COO
Former Tesco Asia boss Tony Hoggett has been appointed to the newly created position of chief operations officer (COO) of…
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22 May
Former Dixon Carphone boss appointed M&S director
Department store Marks and Spencer has appointed Katie Bickerstaffe and Pip McCrostie to its board as non-executive directors. Bickerstaffe was…
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