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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Feb- 2024 -1 February
UK footfall falls 20.1% in January
Footfall across UK retail destinations in January has followed the traditional post-Christmas dip with activity declining by 20.1% from December…
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1 February
Boohoo lenders reject £75m debt extension bid
Boohoo’s attempt to extend its repayment deadline on a £325m debt has been rejected by some of its lenders due…
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1 February
Morrisons EBITDA hits £970m
Morrisons has revealed that its EBITDA increased 6.5% to £970m, for the year ended 29 October 2023. Alongside this, the…
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1 February
Ikea UK turnover hits £2.5bn as profits double in FY23
Ikea UK has seen turnover hit £2.46bn in FY23, with total sales up by 11.9%, as operating profits almost doubled…
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1 February
Co-op launches UK’s first convenience retail media network
Co-op has officially launched the UK’s first retail media network in the convenience sector, in an effort to help brands…
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Jan- 2024 -31 January
Today’s news in brief-31/1/24
The Body Shop is set to sell parts of its business in Europe and Asia. The deal involves an agreement…
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31 January
Liverpool One celebrates activation of Luxe Collective pop-up
Liverpool One has announced the success of a pop-up activation for Luxe Collective, the pre-loved luxury retailer. Marking the brand’s…
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31 January
M&S introduces recyclable paper packaging across Cafés
Marks and Spencer has introduced new recyclable paper packaging across its range of sandwiches and toasties that are available in…
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31 January
HMV full-year profits soar amid vinyl revival
HMV has welcomed rising profits and sales in its latest full-year results, following a boost from the resurgence of vinyl…
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31 January
Morrisons to sell 337 petrol forecourts in £2.5bn deal
Morrisons has revealed it has agreed a deal with Motor Fuel Group (MFG) to sell 337 Morrisons petrol forecourts (including…
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