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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Dec- 2023 -11 December
Asda lorry strikes could lead to Xmas food shortages, union warns
Asda may face food shortages over the festive period following strike action amongst its lorry drivers. It comes as Unite…
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8 December
Lululemon revenues rise by 19% in Q3
Lululemon has welcomed a strong third quarter of trading that exceeded expectations, as revenues rose by 19% to $2.2bn (£1.75bn),…
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8 December
Lidl scraps ‘use by’ dates on dairy products
Lidl has ditched ‘use by’ dates in favour of ‘best before’ ones on all its yoghurt and fresh milk ranges,…
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8 December
Levi’s CEO to retire in April 2024
Levi’s has announced that president and CEO Chip Bergh has decided to retire from the company, effective from 26 April…
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7 December
Today’s news in brief-7/12/23
Kelso, an activist shareholder in THG, has intensified its campaign for THG to clarify its plans to separate its three…
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7 December
Castle Quarter signs first Korean supermarket in Norwich
Castle Quarter, Norwich’s social, leisure and lifestyle destination, is to be the home of Norwich’s first dedicated Korean supermarket, Itaewon,…
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7 December
Watches of Switzerland posts flat H1 sales
The Watches of Switzerland Group has reported H1 revenues were relatively flat at £761m as it faced a “reduction in…
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7 December
Kelso ramps up THG break-up campaign
Activist THG shareholder Kelso has reportedly ramped up its campaign for THG to confirm its plans to diverge the three…
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7 December
Black Friday 2023 surpasses 2019 levels
Black Friday weekend was the busiest day of 2023, slightly surpassing 2019’s figures, according to new figures released today (7…
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7 December
Morrisons and M&S made ‘unlawful’ land deals to block rivals, CMA finds
The Competition and Markets Authority (CMA) has taken action after finding that Morrisons and Marks and Spencer made unlawful anti-competitive…
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