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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May- 2023 -5 May
Two UK warehouses back industrial strike against Amazon
Workers in Amazon’s Mansfield and Rugeley fulfilment centres will now take part in a binding vote on strike action today (5 May) after GMB announced the move. More than 150 workers at the two sites overwhelmingly backed strikes in a consultative ballot. Now union members will now vote on a…
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5 May
UK footfall jumps 7.2% in April
Footfall rose by +7.2% from March to April, reversing a drop of -2.8% from February to March according to the latest data from MRI Springboard. Springboard said that Easter was a significant driver of footfall in April, with a rise in the week of Good Friday and Easter Saturday of…
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5 May
Holland and Barrett acquires FitTech startup Avie
Holland and Barrett, has announced the acquisition of start-up FitTech company Avie as part of its strategy to extend its reach beyond retail. Co-founded by Charlie Leggate and Kit Logan, and backed by Entrepreneur First, Avie uses health and activity data and behavioural science to help users achieve their health…
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5 May
Boohoo settles £156m court case over fake discounting claims
Boohoo has settled a $197m (£156m) court case in the US after the online retailer was accused of faking discounts on its US websites. The company, which owns PrettyLittleThing, NastyGal and boohooMAN, allegedly marked down and discounted inflated prices, listing items at a reduced price despite them rarely being sold…
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5 May
Kontoor Brands sales dip 2% to $667m
Kontoor Brands has reported a decline in sales of 2% to $667m ( £528m) during the first quarter ended 1 April 2023. The maker of Lee and Wrangler denim brands said that while revenue increases were made in domestic wholesale and DTC, the company’s international wholesale market suffered, thanks to…
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5 May
Joe Browns turnover rises 20.9% in strongest year to date
Fashion and homeware retailer Joe Browns has reported that turnover rose by 20.9% to £47.3m in the 12 months to June 2022, while profit rose by 7.8% to £4.2m, hailing the full-year results as its strongest to date. Over the full-year period, homeware sales rose by 43.6% year-on-year, while menswear…
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5 May
Apple’s revenue recovers amid March iPhone sales boost
Apple has revealed that March iPhone sales have set an all-time high record in its service division, as revenue for the second quarter topped $94.8bn (£75.1bn) compared to a predicted $92.9bn (£73.6bn). While the group’s revenue for the quarter spells a 3% year-on-year decrease, the group has declared a cash…
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4 May
L’Occitane sales jump 17% to €2.1bn
Beauty retail group L’Occitane has revealed its net sales jumped 17% to €2.13bn (£ 1.85bn) in the 12 month period ended 31 March 2023. The group’s sales performance in the three months ended 31 March 2023 (“FY23 Q4”) improved from that of the three months ended 31 December 2022 (“FY23…
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4 May
PDS Limited forms PDS Radius Brands following acquisition
Global fashion supply chain platform, PDS Limited, has revealed its majority acquisition of brand management and licensing business, The Radius Group, forming PDS Radius Brands as a division of PDS Limited. The acquisition follows the recent announcement of its formation of the Ted Baker Design Group (TDG) as a strategic…
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4 May
Aldi crowned cheapest supermarket 11th month in a row
Aldi has been named the cheapest supermarket in the UK for the 11th month in a row by Which. The findings come from the consumer group’s monthly Cheapest Supermarket price comparison, which examines the cost of a basket of items, including groceries and household essentials. Its latest research found that…
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