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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Dec- 2023 -1 December
Early signs of footfall recovery ahead of festive trading, BRC finds
The retail sector experienced early signs of footfall recovery in November as total UK footfall decreased by 0.7% in November(YoY), an improvement on -5.7% in October, according to the latest data from the BRC. High Street footfall decreased by 1.7%, an improvement on -4.6% in October, whereas Retail Parks again…
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1 December
Aldi invests £12m to lower the price of more than 180 products
Aldi has announced it is investing £12m to lower the prices of over 180 of its products. Its latest move follows the announcement of the supermarket’s ‘Christmas Price Lock’, which sees the prices of key food staples including a range of whole turkey crowns, pigs in blankets, Christmas puddings and…
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1 December
Frasers pulls out of SportScheck deal
Frasers has announced that it has pulled out of a deal to acquire SportScheck after the German sports retailer filed for administration. As a result of this move Frasers is now looking to acquire the firm in a pre-pack deal. The company stated that it has “exercised its right” to…
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Nov- 2023 -30 November
Lidl set for ‘record-breaking’ Christmases amid 11% customer increase
Lidl GB is anticipating a “record-breaking” Christmas, after reporting an 11% uptick in customers over the past six weeks. The update comes as Lidl GB’s CEO revealed that shoppers started planning and preparing for the festive season early this year, with two mince pies selling every second since September. The…
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30 November
Today’s news in brief-30/11/23
Castore has successfully secured a £145m investment in a funding round led by Raine Partners. This investment aims to further disrupt the premium sportswear market and expand the brand’s global reach. Castore plans to develop its product range, enhance infrastructure, and invest in its people. The company, on track for…
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30 November
Clarks appoints Clarke Willmott to support national portfolio
Clarks has appointed law firm Clarke Willmott to its panel of legal advisors to support the management of the national retail portfolio and legal matters throughout England and Wales. Clarke Willmott will be advising on property issues for the business that designs, manufactures, and sells more than 40 million pairs…
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30 November
Jollyes HY sales jump 31% to £70m
Jollyes has revealed that it posted sales of £70m for the 26 weeks ended 27 November 2023, up 33% from the £54m it posted in the same period last year. Furthermore, in the period the company posted like-for-like sales of 19%, up from the 17% like-for-like number Jollyes achieved in…
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30 November
Mulberry H1 losses leap 79% despite healthy revenues
Luxury fashion group Mulberry revealed that operating losses grew 79% to £10.4m, despite a 7% increase in revenues to £69.7m for the half year ended 30 September. The retailer also sustained an underlying loss before tax of £12.3m, which increased from £2.8m in 2022. This included £3.3m of SaaS costs,…
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30 November
Castore secures £145m investment
Castore, the performance sportswear brand and technology-enabled, end-to-end digital platform for global sports teams, has secured significant growth investment in a funding round led by Raine Partners, The Raine Group’s flagship growth equity fund. The £145m investment round will support Castore’s efforts to continue to “disrupt the premium sportswear market…
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30 November
EG Group EBITDA falls to $345m in Q3 following Asda acquisition
EG Group, the global food services and petrol forecourts operator, has revealed that its EBITDA dipped 18% to $345m (£272m) in Q3 2023. The group attributed the decline to the impact of lower fuel volumes and a competitive environment in the quarter, as well as comparisons with the exceptional fuel…
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