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 -7 March
Hugo Boss sales rise by 18% to €4.2bn in FY23
Hugo Boss has announced an 18% sales increase to €4.2bn (£3.5bn) for the fiscal year 2023. For the first time…
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7 March
M&S co-CEO to step down
Katie Bickerstaffe is set to retire from her role as co-CEO at M&S to pursue her board career.The company said…
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6 March
Today’s news in brief-6/3/24
Currys shareholder JO Hambro Capital Management urged the company to hold out for a £1bn offer amid takeover talks. Despite…
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6 March
Waitrose partners with FareShare to deliver 20 million meals
Waitrose has redirected the equivalent of 20 million meals worth of surplus food to charities and community groups across the…
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6 March
Former JLP chairman Peter Lewis passes away
Peter Lewis, who served as chairman of the John Lewis Partnership from 1972 to 1993, has passed away aged 95. …
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6 March
Chancellor cuts NI by a further 2p as part of Spring Budget
Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance, falling from 10% to 8% from 6 April,…
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6 March
M&S to roll out fully recyclable coffee cups in all its cafes
M&S has announced that it will be rolling out fully recyclable takeaway coffee cups to all its cafes from next…
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6 March
Shareholder calls for Currys to hold out for £1bn offer
A Currys shareholder, JO Hambro Capital Management (JOHCM), has stated that the electronics retailer should hold out for an offer…
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6 March
John Lewis staff pay to rise 10% amid £116m investment
John Lewis Partnership reportedly has plans to boost staff pay by 10% as part of a £116m investment, according to…
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6 March
Tesco raises pay by 9.1% amid ‘record’ £300m investment
Tesco has increased base pay for staff by 9.1%, amid a “record” investment of more than £300m in hourly pay.The…
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