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.
-
Apr- 2024 -22 April
Tesco boss to receive record £10m pay packet
Tesco’s chief executive Ken Murphy is set to receive a £10m pay this year, according to The Times. The unprecedented…
Read More » -
22 April
Asda profits soar 24% to £1.1bn amid sales boost in FY23
Asda has seen adjusted EBITDA after rent soar by 24% to £1.078bn in FY23, largely driven by like-for-like sales growth…
Read More » -
22 April
Middle East and Chinese investors eye up Selfridges
Investors from the Middle East and China are reportedly eyeing up Selfridges amid the financial troubles of its Austrian co-owner…
Read More » -
22 April
TikTok Shop launches new ‘Preowned Luxury’ category
TikTok has announced the launch of the ‘Preowned Luxury’ category on TikTok Shop, which will enable the community to browse…
Read More » -
19 April
Today’s news in brief-19/4/24
Wilko, the retailer that faced collapse last September, is back with a revamped click and collect service. After successful trials…
Read More » -
19 April
Mint Velvet to open new store at centre:mk
British womenswear brand Mint Velvet has announced it will open a key regional store at centre:mk in Milton Keynes. Set…
Read More » -
19 April
Holland and Barrett invests over £4m in women’s health
Holland and Barrett has announced it will be investing over £4m into its women’s health offer, which will be backed…
Read More » -
19 April
American Golf’s ‘reset’ helps it return to profit
American Golf has reported that its strategic ‘reset’ has led to a £5.7m increase in EBITDA from a loss of…
Read More » -
19 April
Bensons for Beds appoints new CMO
UK bed specialist Bensons for Beds has appointed Mark Slater as chief commercial officer and part of its executive team.…
Read More » -
19 April
Asda Lowestoft workers to stage 48-hour strike
Asda employees at Lowestoft have announced they are set to strike for 48 hours over “a litany” of workplace problems,…
Read More »
