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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Apr- 2023 -13 April
UK economy flatlines in Feb
Real gross domestic product (GDP) is estimated to have shown no growth in February 2023, where falls in services and…
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13 April
BRC calls for business rates freeze amid Labour’s high street rescue plan
The British Retail Consortium has responded to Labour’s five-point plan to revitalise high streets by calling for a permanent freeze…
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13 April
LVMH revenues rise by 17% in Q1
LVMH, one of the world’s leading high quality products groups, has reported that revenues rose by 17% to €21bn (£18.5bn)…
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13 April
Sainsbury’s to restructure logistics operations
Sainsbury’s has announced that a major restructuring of its logistics operations will affect almost 7,000 staff throughout the UK. According…
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13 April
Tesco profits halve as inflation hits business
Tesco has seen its full-year profits plunge by 50.8% to £1bn, down from £2.03bn the prior year, as inflation took…
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12 April
VF Corporation unveils new Dickies global brand president
VF Corporation has appointed Todd Dalhausser, previously brand president of Altra, to the position of global brand president at Dickies…
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12 April
CBI sacks director general amid misconduct claims
The Confederation of British Industry (CBI) has dismissed its director general Tony Danker following allegations of misconduct. Last month, it…
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12 April
Games Workshop appoints new non-executive director
Miniature wargames manufacturer Games Workshop has recently announced the appointment of Mark Lam as non-executive director at the company. The…
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12 April
Sosandar swings to FY profit as revenues rise 44%
Sosandar is set to welcome its first full-year of profitability in what it called a “milestone” year for the group,…
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12 April
Marks Electrical revenues up 21.5%
Marks Electrical has seen its FY revenues jump 21.5% to £97.8m, up from £80.5m, for the 12 months ended 31…
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