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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Aug- 2023 -15 August
L’Occitane owner considers taking group private
The owner of L’Occitane is considering taking the business private in a move that has seen shares in the cosmetics…
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15 August
Summer holidays sees high street footfall up 4.8%
Footfall across all UK retail destinations increased by 0.7%, driven by high streets where footfall rose by +4.8% from the…
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14 August
Bird and Blend Tea Co. to open 15th store in Edinburgh
Independent tea company, Bird and Blend Tea Co., will be opening its 15th retail store in Edinburgh tomorrow (15 August),…
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14 August
John Lewis chief outlines buy now pay later ambition
John Lewis chief executive Nish Kankiwala has revealed that the retailer is looking into developing a buy now pay later…
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14 August
Tourist tax hits London spending despite rise in visitors
Despite tourist numbers continuing to recover in 2023, the spending gap has widened compared to pre-pandemic levels, according to new…
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14 August
Basic food costs increases to more than 30% in two years
The cost of some basic food prices has reportedly seen a sharp rise of more than 30% in the past…
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14 August
Tesco to stock more own-brand items in Express stores
Tesco has announced a “major overhaul” to the range of products stocked in its Express stores, in a move that…
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14 August
Sweaty Betty owner lowers outlook amid Q2 revenue decline
Sweaty Betty owner, Wolverine Worldwide, has lowered its revenue and earnings outlook as it experienced a decline of 17.4% in…
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11 August
Frasers Group to open flagship Sports Direct in Sheffield
Frasers Group has taken over 180,000 sq ft of retail space in Meadowhall shopping centre, Sheffield, which includes a former…
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11 August
Ralph Lauren reaffirms guidance as revenues edge up to $1.5bn
Luxury retailer Ralph Lauren has revealed it expects FY revenues to meet expectations of low single digit growth as its…
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