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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Sep- 2023 -19 September
Today’s news in brief-19/09/23
Kingfisher, the parent company of B&Q, has revised down its full-year profit forecast to £590m from the initial estimate of…
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19 September
Majestic Wines opens Newark-on-Trent store
Specialist wine retailer has opened its latest store in Newark-on-Trent as part of its accelerated brick-and-mortar expansion. This opening marks…
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19 September
THG net-zero targets get validated by official body
THG, the global proprietary technology platform specialising in taking brands direct to consumers, announced the validation of its net-zero targets…
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19 September
Unexpected September heatwave helps UK grocery sales bounce back
The late summer and unexpected heatwave in early September helped lift grocery sales at UK supermarkets, with Total Till sales…
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19 September
Asos plans Outlet department closure to improve profitability
Asos reportedly has plans to close down its Outlet department in a bid to focus on key brands to improve…
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19 September
Price cuts boost Ocado sales in Q3
Price cuts have helped entice shoppers to Ocado in its third quarter of trading, with retail sales up by 7.2%…
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19 September
Quiz revenues drop 15% in Q1 as demand cools
Quiz has revealed that like-for-like revenues in the first quarter were 15% lower than the comparable period the previous year…
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19 September
Shein’s UK business posts £1bn sales
Shein’s UK business has revealed that it reached £1bn in sales for the 16 months ended 31 December 2022. The…
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19 September
B&Q owner Kingfisher slashes full-year guidance
B&Q owner Kingfisher has slashed its full-year profit guidance to £590m, down from £634, as the retailer continues to face…
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18 September
Today’s news in brief
Mike Ashley is reportedly in talks to sell the online clothing label Missguided to Shein, a Chinese-founded online fashion platform.…
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