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 -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…
Read More » -
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…
Read More » -
12 March
Aldi raises hourly pay for second time this year
Aldi has raised its pay for store colleagues for the second time this year to the new national minimum rate…
Read More » -
12 March
Superdry discusses £20m loan with Hilco
Superdry has confirmed that it is in discussions with Hilco Capital for a loan worth up to £20m. The company…
Read More » -
12 March
Ann Summers profits hit £61.8m in FY23
Ann Summers has reported that gross profits for the 53-week period to 1 July 2023 hit £61.8m, spelling a 3%…
Read More » -
12 March
Mango turnover hits record €3.1bn in FY23
Spanish fashion retailer Mango has reported a 15% increase in turnover, reaching €3.1bn (£2.6bn) for the 2023 financial year. Man…
Read More » -
12 March
Matalan fell to £100m loss before takeover, filings reveal
Matalan fell to a pre-tax loss of £103.4m in FY23, widening from a £7m loss the prior period, in a…
Read More » -
12 March
Hype co-founders resign
Leicester-based streetwear brand Hype has announced the departure of co-founders Liam Green and Bav Samani less than a year after…
Read More » -
11 March
Today’s news in brief-11/3/24
Doug Putman, the owner of HMV, is reportedly contemplating a bid to acquire The Body Shop from its administrators. The…
Read More » -
11 March
UK footfall bounces back by 6.6% due to Mother’s Day weekend
MRI Software announced that the lead up to Mother’s Day and the peak Easter trading period significantly boosted week-on-week footfall…
Read More »
