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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Jan- 2024 -19 January
Today’s news in brief-19/1/24
In December 2023, the Office for National Statistics (ONS) reported a significant 3.2% drop in retail sales volumes in the…
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19 January
Asda to roll out 21 new stores by the end of January
Asda has announced that it will be adding 21 new convenience stores to its estate by the end of this…
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19 January
Pepco Q1 revenues hit €1.9bn as it warns on Red Sea disruption
The Pepco Group has posted record Q1 revenues of €1.9bn (£1.63bn) up 10.8% and boosted by new openings. It comes…
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19 January
Birkenstock revenues rise to €1.49bn
Birkenstock has reported a 20% increase in revenues to €1.49bn (£1.28bn) for the year to 30 September 2023, boosted by…
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19 January
M&S to invest £30m in Scottish stores
M&S has unveiled plans to invest £30m in bricks and mortar stores across Scotland. The retailer’s investment will deliver more…
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19 January
DFS downgrades sales guidance for FY24
DFS has downgraded its sales guidance for the year, after reporting that gross sales dropped 5.6% year-on-year during the 26…
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19 January
Wickes to provide flexible hours for store management roles
Following a six month pilot across 14 stores, Wickes is set to make all store management roles open to flexible…
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19 January
Retail sales drop 3.2% in December, ONS says
Retail sales volumes are estimated to have fallen by 3.2% in December 2023, from a rise of 1.4% in November…
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18 January
Today’s news in brief-18/1/24
Sainsbury’s general merchandise commercial director, Paula Nickolds, is departing to become CEO of The White Company. During her three-year tenure,…
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18 January
Rituals to open in Caledonia Park
Beauty and wellbeing brand Rituals will be joining an array of companies opening a new store in the Caledonia Park…
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