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.
-
Mar- 2024 -18 March
Central Co-op raises hourly pay amid further benefits for employees
Central Co-op has announced significant investments in its employees by raising minimum pay to ยฃ12 an hour, alongside paid breaks…
Read More » -
18 March
Saudi PIF and Kering eye Selfridges stake
Saudi Arabiaโs Public Investor Fund (PIF) and Gucci owner Kering are reportedly considering a stake in luxury department store Selfridges…
Read More » -
18 March
Currys ups profit guidance after takeover bid fails
Currys has revealed that it expects its full-year pre-tax profit to be โat least ยฃ115mโ after predicting it would land…
Read More » -
18 March
M&S nears banking โsuperappโ agreement with HSBC
M&S is in talks to finalise an agreement with HSBC to establish a new banking and loyalty โsuperappโ, according to…
Read More » -
18 March
Naked Wines drafts in advisors to explore refinancing options
Naked Wines has reportedly drafted in debt advisers to explore refinancing options after the group was hit by difficult trading…
Read More » -
18 March
Sainsburyโs CEO apologises as tech issues hit online deliveries
Sainsburyโs CEO Simon Roberts has apologised to the supermarketโs customers after a software glitch impacted contactless payments, leaving thousands without…
Read More » -
18 March
Frasers Group calls in administrators for two kids brands
Frasers Group has called in administrators from Kroll Advisory for Kids Cavern and Base Childrenswear on Friday 8 March, Drapers…
Read More » -
15 March
Today’s news in brief-15/3/24
After 14 years of service, Iain McDonald, a non-executive director at THG, has announced his intention to step down from…
Read More » -
15 March
Aldi celebrates successful partnership with Company Shop Group
Aldi is celebrating a โsignificant milestoneโ in its partnership with surplus food and household products redistributor, Company Shop Group. In…
Read More » -
15 March
St Johns Shopping Centre store sales spike 32% in February
St Johns Shopping Centre in Liverpool has reported that store sales rose by 32% in February, compared with the previous…
Read More »