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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Feb- 2023 -20 February
Tesco explores sale of banking arm
Tesco is reportedly set to launch a review of its banking arm which could lead to the sale of the…
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17 February
Harvey Nichols appoints ecommerce director
Harvey Nichols has announced the appointment of Annabel Thorburn, the current senior vice president of ecommerce at Sweaty Betty, as…
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17 February
UK retail sales unexpectedly rise due to January discounts
Retail sales volumes in the UK are estimated to have increased by 0.5% in January 2023, according to data from…
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17 February
Cath Kidston owner explores sale of business
The owner of the Cath Kidston is reportedly exploring a sale of the business only eight months after buying it.…
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16 February
500 jobs at risk at New Look distribution centre
New Look is reportedly planning to axe up to 500 roles at its distribution centre in Lymedale, Newcastle-under-Lyme, Drapers has…
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16 February
Wilko to axe over 400 jobs as sales fall
Wilko is reportedly set to axe over 400 jobs across the company as part of plans to cut costs amid…
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16 February
Secret Sales welcomes 70% growth in FY22
Secret Sales has welcomed “exceptional growth” in 2022, reporting 70% like-for-like growth that “far exceeds the industry norm”. According to…
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16 February
Aldi to create 6,000 new jobs this year
Aldi has announced that it is set to create 6,000 new jobs in 2023 amid plans to open new stores…
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15 February
Inflation falls to 10.1% in January
Inflation slowed for the third consecutive month in January to 10.1%, down from 10.5% in December, but remains close to…
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15 February
Dunelm profits fall 17% despite sales increase
Home retailer Dunelm has announced a 17% fall in its pre tax profits to £117m, down from £141m, for the…
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