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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Jun- 2023 -23 June
Revolution Beauty sales jump 60% in Q1
Revolution Beauty saw a 60% increase in sales within the first three months of FY23, as gross margins were 48.2%…
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23 June
Victoria’s Secret unveils new senior team appointments
Victoria’s Secret has announced key leadership appointments to “further advance its strategic pillars” of strengthening the core, and transforming the…
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22 June
Ocado shares jump amid rumours of Amazon interest
Ocado has seen its share jump price surge by almost 32% this morning (23 June) among rumours that online retail…
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22 June
Lloyds Pharmacy continues offloading stores as CEO departs
Lloyds Pharmacy parent company Hallo Healthcare has sold 32 Masta stores, its private travel clinic, to Irish firm Nomad Travel…
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22 June
Sainsbury’s expands Nectar prices to fresh produce
Sainsbury’s has announced the expansion of its loyalty initiative by introducing offers on fresh produce for the first time. Nectar’s…
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22 June
BoE raises interest rate to 15-year high
The Bank of England (BoE) has raised interest rates for the 13th consecutive time to 5%, the highest level in…
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22 June
Monsoon opens Islington boutique
Fashion retailer Monsoon has opened its latest boutique store, at 290 Upper Street, Islington, N1 2XF. It said the opening…
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22 June
Former THG boss joins Boohoo’s boardroom coup at Revolution Beauty
Boohoo has furthered its attempted boardroom coup at Revolution Beauty with the announcement that former THG boss, Rachel Horsefield, will…
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22 June
Elliot Advisors considers £500m deal for Reiss
Private equity firm Elliot Advisors has reportedly expressed interest in acquiring British fashion brand Reiss for £500m from Next and…
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22 June
Matalan makes two senior executive appointments
Matalan has announced the appointment of Phil Hackney as chief supply chain operations officer and Katherine Davis as chief retail…
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