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 -6 September
Aldi named cheapest supermarket for 15th month in a row
Aldi has been named the cheapest supermarket for the fifteenth month in a row, according to Which’s Cheapest Supermarket Price Comparison data. The data looks at the cost of a basket of items, including groceries and household essentials. The latest research shows that in August Aldi was £14.30 cheaper than…
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6 September
Halfords revenues rise 14.1% amid strong motoring demand
Halfords has announced that its revenues have increased by 14.1% for the 20 weeks ended 18 August 2023, boosted in part by its autocentre business. According to the group, this increase in revenue was driven by needs-based categories, with revenue from autocentres up 34.6% and retail revenue up 3.7%. Strong…
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6 September
WHSmith FY revenues soar 28% as travel rebounds
WHSmith has welcomed a strong year of trading in the year ended 31 August, as the stationery retailer’s revenues increased 28% against the prior year. The group attributed its spike in revenue to its travel category’s popularity, which saw a 42% increase in revenue. It said its sales performance in…
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5 September
Wilko to axe 1,300 jobs and close 52 stores
Wilko is set to close 52 stores and make 1,300 redundancies across the business as rescue talks for the retailer continue, its administrator confirmed today. Earlier today, PwC confirmed that it has agreed to provide B&M with the option to acquire up to 51 properties, after the administration trading period…
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5 September
Sainsbury’s invests £6m in dairy farmers
Sainsbury’s dairy farmers will be paid more from next month following a further £6m annual investment made by the supermarket chain to support farms for the future. This latest investment in dairy pay is on top of an £8.9m booster payment given to SDDG farmers in April last year. Some…
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5 September
Gloucester Quays strikes a series of new deals
Peel L&P has announced a series of new deals at Gloucester Quays, as eight brands have committed to the premier urban outlet in the South West. Taking new space at the destination is Claire’s, the global jewellery and fashion accessories brand. Operating from a 1,050 sq ft unit, Claire’s Gloucester…
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5 September
B&M eyes Wilko deal as Putman offer falters
B&M could reportedly be in line to acquire a number of Wilko stores after rescue talks with HMV owner Doug Putman hit difficulties this week. According to Sky News, B&M could acquire around 50 Wilko shops, with industry sources adding that Wilko’s administrators could soon announce the first round of…
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5 September
Morrisons launches new round of price cuts
Morrisons is cutting the price on more than 170 products this week, as part of its eight round of price reductions of the year. The supermarket has lowered the prices of over 1,000 products since January, in a bid to help customers plan their budgets. The grocer has also recently…
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5 September
Intimissimi reopens Bond Street store following refurb
Intimissimi UK has reopened its physical store near Bond Street underground station following a refurbishment. The lingerie store is located in the same central location, but with a “much-improved” look and product offering than before. Mirroring the Intimissimi flagship store, which is located next to the Oxford Circus roundabout, the…
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5 September
Lidl opens largest warehouse with £300m Luton site
Lidl has announced that it has opened a new £300m warehouse in Luton, its largest warehouse in the world. The 1.2 million sq ft RDC is located in Houghton Regis, Luton, and will be delivering over 9,400 pallets a day across 150 stores. It will be the first Lidl GB…
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