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 -21 June
Aldi becomes Scotland’s 3rd biggest supermarket by volume, Kantar finds
Aldi Scotland has revealed its volume share of the grocery market has increased to 11%, moving ahead of Morrisons and…
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21 June
M&Co relaunches website under new ownership
M&Co has launched a new website following its acquisition by AK Retail Holdings earlier this year. The new website features…
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21 June
Pentland Brands appoints chief financial officer
Pentland Brands, the owner of Speedo, Ellesse and Berghaus, has announced the appointment of Graham Burridge as the group’s new…
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21 June
Landsec announces retail investment plans
Landsec has announced plans to invest significantly in its prime retail destinations to further enhance its positive growth outlook. The…
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21 June
Halfords FY profit falls 38% despite rise in sales
Halford’s Group has reported that full-year profits have fallen by 38.3% to £51.5m in FY23, despite reporting a revenue growth…
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21 June
Inflation fails to fall in May
Inflation in the UK remained unchanged at 8.7% in the year to May, dashing hopes that prices would continue to…
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21 June
Debenhams’ unsecured creditors to lose out on £1.3bn
Debenhams’ unsecured creditors, including clothing suppliers, landlords and lenders, are set to lose out on the £1.3bn they were owed…
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21 June
THG expects increased H1 profits following strong Q2
THG has welcomed a “strong” second quarter of trading that is set to increase its first half profitability, with adjusted…
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21 June
Alibaba CEO steps down to lead brand’s cloud business
Alibaba chief executive and chairman Daniel Zhang has announced that he will be stepping down from his role to lead…
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21 June
WHSmith, M&S and Argos ordered to pay underpaid staff
WHSmith, M&S and Argos have been ordered to pay unpaid wages to thousands of staff following an investigation from the…
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