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.
-
Nov- 2023 -1 November
Today’s news in brief-1/11/23
Asda has successfully finalised its acquisition of EG Group’s UK business, a deal valued at a substantial £2bn. This strategic…
Read More » -
1 November
Black Friday spending to halve due to cost-of-living crisis
Overall spending per person over Black Friday is due to fall from £168.18 in 2021 back to the 2020 average…
Read More » -
1 November
Swatch to open store in Liverpool One
Swiss watch brand Swatch is set to open a new store in Liverpool One shopping centre. Joining the destination’s line-up…
Read More » -
1 November
Rise in shoppers planning to spend more this Xmas, study finds
More UK consumers are planning to increase their Christmas spending this year compared with last year, signalling a competitive festive…
Read More » -
1 November
Matches reports £33m loss in FY22
Matches, the modern luxury shopping destination, has posted an adjusted EBITDA loss of £33.7m for FY22. For the year ended…
Read More » -
1 November
Asda acquires EG Group’s UK business for £2bn
Asda has completed its acquisition of EG Group’s UK business in a deal valued at £2bn. The move has seen…
Read More » -
1 November
Next lifts FY profit guidance despite autumn sales drop
Next has raised its full-year profit guidance for the fourth time this year, despite weekly sales falling by 7% in…
Read More » -
1 November
Asos posts £296.7m loss before tax in FY23
Asos has announced a statutory loss-before-tax of £296.7m for the year ended 3 September 2023 down from a loss before…
Read More » -
1 November
Secret Sales expands into Ireland
Secret Sales, a marketplace for off-price retail in fashion, sportswear and beauty, has announced its expansion into Ireland. According to…
Read More » -
Oct- 2023 -31 October
Today’s news in brief-31/10/23
The British Retail Consortium reports a drop in shop price inflation to 5.2% in October, down from 6.2% in September,…
Read More »
