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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Mar- 2023 -22 March
Currys raises staff pay for fourth time in 18 months
Currys has announced an additional rise for hourly paid store colleagues in the UK from £10.35 per hour to £10.50,…
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21 March
ScS reports ‘good strategic progress’ despite losses in H1
Furniture retailer ScS has reported making “good strategic progress” in the first half of the year, despite its loss before…
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21 March
Kingfisher FY22 performance suffers amid strong FY21 comparables
Kingfisher has revealed its post tax profits fell 44% to £471m for the full-year period ended 31 January 2023. The…
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21 March
Screwfix acquires assets of Connect Distribution Services Limited
Screwfix, the omnichannel trade retailer and part of Kingfisher plc, has announced it has acquired the stock, intellectual property, contracts…
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21 March
British Land hails £120m in gross capital activity amid acquisitions
British Land has announced that it has made more than £120m in gross capital activity after acquiring three new retail…
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21 March
Amazon to axe a further 9,000 jobs
Amazon has plans to cut a further 9,000 jobs in the areas of cloud computing and advertising as a way…
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21 March
New Look places 70 head office roles at risk
Around 70 jobs could be at risk across New Look’s London and Weymouth head offices following a restructure of the…
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20 March
Former Ann Summers boss dies aged 62
British lingerie and sex toy retailer Ann Summers has recently announced the passing of its former chief executive, Jaqueline Gold…
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20 March
Morrisons cuts prices for third time amid Aldi battle
Morrisons has revealed that it has decided to cut its prices for the third time in three months as it…
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20 March
Home Bargains owner pockets £20m dividend despite falling profits
The billionaire owner of Home Bargains received more than £20m in dividends last year despite the company’s profits falling 26%,…
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