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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Oct- 2023 -26 October
Majestic Wine furthers expansion with two new openings
Majestic Wine has furthered its expansion plans after opening two new stores in the same week for the first time…
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25 October
Today’s news in brief-25/10/23
Asos has pushed back the release of its FY23 results to 1 November 2023, citing the need for its auditor,…
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25 October
One in three adults used BNPL services last year, Clearpay finds
Some 30% of British adults have used a Buy Now Pay Later (BNPL) service to make at least one payment…
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25 October
Frasers Group ups Boohoo stake to 16.5%
Mike Ashley’s Frasers Group has once again increased its stake in online retailer Boohoo and now holds a 16.5% share…
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25 October
Poundland to open 75 stores by end of December
Poundland has announced its plans to open or relocate 75 stores over the three months to the end of December.…
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25 October
ScS sales dip 0.4% below FY22 levels
ScS revealed that its sales were only 0.4% below the prior year for the 52 weeks ended 29 July, ending…
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25 October
Asos delays FY23 full-year results
Asos has announced that it is due to delay the publishing of its FY23 results by one week to 1…
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25 October
Virgin Wines sales fall by £10m in FY23
Virgin Wines has seen revenues fall to £59m in FY23, down from £69.2m, as the group battled with economic headwinds…
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24 October
Today’s news in brief-24/10/23
Furniture retailer ScS has agreed to be acquired by Italian brand Poltronesofà in a £99.4m deal. This acquisition, representing a…
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24 October
Retailers raise over £500m for good causes throughout the year, BRC finds
A new report by the British Retail Consortium (BRC) has found that retailers and their customers raised £540m for good…
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