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- 2024 -20 May
New Look to invest £3.3m in 20 Greater Manchester stores
New Look has announced a £3.3m investment to upgrade and improve its stores in Greater Manchester. The retailer will initially…
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20 May
M&S website and app hit by technical issue
Marks and Spencer’s website and app was down for several hours on Saturday (18 May) due to technical issues, the…
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20 May
Asda revenues surge to £5.3bn in Q1
Asda has reported a 6.6% increase in total revenues (excluding fuel) to £5.3bn and 1.4% growth in like-for-like sales for…
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20 May
French conglomerate sues Morrisons over £2.5bn petrol forecourts deal
Bouygues, a French conglomerate, is reportedly looking to block Morrisons’ £2.5bn deal to sell over 300 of its petrol forecourts…
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17 May
Today’s news in brief-17/5/24
Asos is set to enter the Indian market through a new long-term partnership with Reliance Retail, marking Asos’ first country-wide…
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17 May
Ocado’s net-zero targets validated by Science Based Targets Initiative
Ocado, the world’s largest dedicated online supermarket, operated by Ocado Retail, is amongst the first grocery retailers to have SBTi-validated…
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17 May
Sainsbury’s to bring AI to supermarkets amid Microsoft deal
Sainsbury’s and Microsoft have announced a new five-year strategic partnership to bring the tech company’s AI and machine learning capabilities…
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17 May
Asda unveils new brand identity
Supermarket giant Asda has unveiled a new brand identity amid its new creative campaign ‘Serious About Summer’. The new campaign,…
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17 May
Walmart ups guidance as Q1 sales rise 38%
Walmart has upped its guidance for the year, as sales rose 38% during the 13 weeks to 26 April, partly…
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17 May
Under Armour revenues slip 3% to $5.7bn in FY24
Under Armour revenues slipped 3% to $5.7bn (£4.5bn) for the financial year ended 31 March. North America revenue decreased 8%…
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