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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Mar- 2024 -21 March
The data challenges restricting FMCG companies from building customer relationships
To succeed in FMCG, brands must quickly decode consumer behaviour. However, brands must contend with the scarcity of first-party data…
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21 March
Today’s news in brief-21/3/24
Reports suggest that Kingfisher, the owner of B&Q, is contemplating a bid for Homebase’s stores in the Republic of Ireland,…
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21 March
Alibaba records rise in SME buyers at March Expo 2024
Alibaba.com has recorded a positive rise in the number of active B2B buyers from the UK at this year’s March…
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21 March
Co-op launches ‘Best of British’ section online
Co-op has launched a dedicated “Best of British” section across its online delivery website to further demonstrate its commitment to…
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21 March
Majestic in advanced talks to snap up Vagabond Wines
Majestic Wine, which is owned by Fortress Investment Group, is reportedly in advanced talks to acquire Vagabond Wines, according to…
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21 March
Next profits hit record high of £918m
Next has revealed its profit before tax increased 5% to £918m as it focused on improving its product ranges, online…
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21 March
Temu revenues double to £27bn in FY23
Temu owner PDD Holdings has reported total revenues at the discount e-retail group hit ¥247bn (£27bn) in the full year…
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21 March
Kingfisher mulls bid for Homebase stores in Ireland
Kingfisher, the owner of B&Q, is reportedly mulling a bid for Homebase’s stores in the Republic of Ireland, following reports…
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21 March
Aldi forecasts record-breaking Easter sales
Aldi has revealed that it expects record-breaking sales across the Easter period which this year comes early with Easter Sunday…
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20 March
Today’s news in brief-20/3/24
UK inflation dropped to 3.4% in February 2024, surpassing economists’ expectations of 3.5%. This decline was mainly attributed to easing…
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