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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Nov- 2023 -15 November
Lower energy prices sees inflation drop to 4.6%
UK Inflation slowed sharply to 4.6% in October, beating economists expectations, thanks to a marked reduction in energy prices. According…
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15 November
UK supermarkets sales rise 8.7% despite cautious consumer spending
Total Till sales at UK supermarkets increased 8.7% in the last four weeks ending 4 November 2023, according to new…
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15 November
Thai investor takes control of Selfridges
Central Group, the co-owner of Selfridges, has taken control of the department store after fellow key shareholder Signa Group was…
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15 November
Asda cuts debt as Q3 sales slow
Asda has announced that it has shaved £300m off its debt pile during the third quarter of the year while…
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15 November
Joe Browns appoints new chairman
Joe Browns, the Leeds-based fashion and home retailer, has announced that Michael Truluck had joined as chairman with immediate effect.…
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15 November
Aurelius acquires The Body Shop for £207m
The Body Shop has been acquired by Aurelius Group from Natura and Co for £207m, which includes an earn-out of…
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14 November
Today’s news in brief
Next has defended its chair, Michael Roney, after more than 20% of shareholders voted against his re-election at the annual…
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14 November
Phase Eight and Hobbs open upsized store at Merry Hill
Sovereign Centros has announced that premium womenswear brands, Phase Eight and Hobbs, have opened at Merry Hill, one of the…
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14 November
Lidl reduced food waste by 43% since 2016, report finds
Lidl has reduced its food waste by almost half (43%) since 2016, according to the retailer’s fourth ‘Good Food’ report,…
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14 November
Dr. Martens appoints Giles Wilson as CFO
Dr. Martens plc has announced that Giles Wilson has been appointed to the role of chief financial officer (CFO). Wilson…
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