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 -14 March
Foot Locker appoints new chief human resources officer
Foot Locker has recently announced that Cindy Carlisle has been appointed the new executive vice president and chief human resources…
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13 March
Today’s news in brief-13/3/24
Morrisons reported a loss of £1.1bn for the year ending October 2023. The increase in debt, mainly due to the…
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13 March
Local business partnership forms in Dorset to quash retail crime
Local businesses in Dorset have united with police and the Bournemouth, Christchurch and Poole Council to tackle antisocial behaviour and…
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13 March
Shoppers help boost UK economy in Jan
UK GDP increased by 0.2% in January, up from a decline of 0.1% in December, as an increase in spending…
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13 March
Zara owner profits surge by 28% in FY23
Zara owner Inditex has welcomed a “very robust” FY23 performance, as profit-before-tax surged 28.2% to €6.9bn (£5.9bn) while sales rose…
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13 March
Matches CEO and CFO depart amid administration
Matches CEO Nick Beighton and CFO Dave Murray have departed the retailer after its collapse into administration last week, Drapers…
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13 March
Shoe Zone warns trading to be ‘marginally below’ expectations
Shoe Zone has warned that its trading is marginally below expectations, due to an increase in National Living Wage and…
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13 March
Morrisons posts £1.1bn loss as debt payments rise
Morrisons has posted a loss before tax of £1.1bn for the year ended 29 October 2023 as its debts increased…
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12 March
Sainsbury’s opens new store at Meols Cop Retail Park
Sainsbury’s has now opened a new 80,000 sq ft supermarket at Meols Cop Retail Park, Southport. The redevelopment of the…
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12 March
Today’s news in brief-12/3/24
Superdry is in talks with Hilco Capital for a loan of up to £20m. This loan would support the company’s…
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