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- 2018 -6 February
Consumer spending grows 3.9% in January
Consumer spending increased 3.9% in January, partially driven by price increases that continued to drive uplifts in ‘essential’ spending. That…
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6 February
Lidl keeps place as UK’s fastest growing supermarket
Lidl has proven itself to be the UK’s fastest growing retailer, according to data from market researcher Kantar Worldpanel. The…
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6 February
New Look like-for-like sales drop almost 11%
Clothing retailer New Look has posted poor results for the 39 week period ending 23 December 2017, with a decrease…
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6 February
January shows positive retail growth amid tough trading month
January saw positive retail growth despite challenging market conditions, with like-for-like sales rising by 0.6% compared with the same period…
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5 February
Aldi customer finds half a rat in frozen vegetable
A customer has found half a dead rat at the bottom of a bag of frozen vegetables, bought at discount…
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5 February
Tesco appoints new UK CEO Charles Wilson
Tesco has appointed Booker Group boss Charles Wilson as the new CEO for its UK and Ireland retail and wholesale…
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5 February
Asda to scrap 5p bags in a bid to reduce plastic
Supermarket Asda will be scrapping 5p bags by the end of the year, as it sets out plans to reduce…
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5 February
2,000 Homebase jobs in doubt amid up to 40 closures
Up to 2,000 jobs could be axed at DIY retailer Homebase after it announced the potential closure of 40 stores.…
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2 February
Sainbury’s purchases Nectar for £60m
Sainsbury’s has today acquired the Nectar loyalty scheme for £60m from Aimia. The supermarket, which has been a member of…
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2 February
Amazon’s quarterly profits approach $2bn for first time
Online retailing giant Amazon has enjoyed its best ever quarter with profits almost reaching $2bn (£1.42bn) for the first time…
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