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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Apr- 2024 -26 April
Consumer confidence hits three-month high in April
Consumer confidence has risen from -21 to -19 in April, marking the first improvement in three months, GfK has reported.…
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26 April
Burberry faces takeover threat after share drop
Burberry is at risk of takeover after losing a fifth of its value since the start of the year, The…
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26 April
Co-op appoints new property, development and estates director
Co-op has appointed Rachel Hargreaves as its new director of property, development and estates in a bid to boost its…
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25 April
Today’s news in brief-25/4/24
Getir is set to exit the UK and Europe as investors inject additional funds into the company, according to Sky…
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25 April
Co-op urges communities to call on PCC to tackle retail crime
Co-op is urging employees, member-owners and communities blighted by retail crime to write to their Police and Crime Commissioners (PCC)…
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25 April
Sainsbury’s predicts profits to hit £1bn
Sainsbury’s has posted a pre-tax profit of £701m, an increase of 1.6% for the year ended 2 March 2024. As…
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25 April
Getir investors injects more cash to fund UK and Europe exit
Getir investors are reportedly set to inject more funds into the company to terminate its operations in the UK and…
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25 April
Matchesfashion creditors owed £36m following collapse
Burberry, Gucci and Prada are among the creditors owed £36m following the collapse of Matchesfashion last month, the FT has…
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25 April
WH Smith revenues rise 8% in H1 amid travel boost
WH Smith has reported that total revenues rose 8% to £926m in the six months ending 29 February, largely boosted…
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25 April
Asda’s credit rating upgraded amid strong FY results
Asda has welcomed Moody’s upgrade of the company’s corporate rating to B1 from B2, following a strong financial performance in…
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