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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Jan- 2023 -17 January
THG lowers profit guidance as it launches new strategy
THG has revealed it now expects its EBITDA to come in between £70m-£80m, down from £100m-130m, due to lower full-year…
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17 January
Lush sales soar 13.1% in December
Lush UK and Ireland has announced sales of £40.5m in December, exceeding forecasts and beating 2021’s sales by 13.1%, and…
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17 January
Ocado reveals Q4 revenues of £550m
Online retailer Ocado has announced revenues of £550m for 13 weeks ended 27 November 2022, an increase of 0.3% compared…
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17 January
Quiz sales up 11% over Christmas
Quiz group sales increased by 11% to £9.8m for the Christmas trading period ending 31 December 2022. Sales growth over…
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17 January
Burberry unveils new senior positions in leadership team
Burberry has appointed Giorgio Belloli and Delphine Sonder to the newly-created roles of chief digital, customer and innovation officer and…
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16 January
Landsec eyes Sir Ian Cheshire as chairman
Landsec, the property group that owns 50% of Bluewater shopping centre, is considering appointing Sir Ian Cheshire as its new…
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16 January
Matalan rescue deal to wipe founder’s control of group
Matalan founder John Hargreaves is reportedly set to lose control of the group after its lenders finalised a rescue deal…
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16 January
M&S announces £480m store investment plan
Marks and Spencer has announced a £480m plan to invest in 20 “bigger and better” stores over the next two…
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16 January
Sainsbury’s and Just Eat agree grocery delivery partnership
Just Eat has launched a new partnership with Sainsbury’s, marking the platform’s second tie-up with one of the UK’s ‘Big…
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16 January
Iceland appoints MD as executive chairman
Iceland Foods has announced the appointment of its managing director, Richard Walker as executive chairman, as his father, Malcolm Walker…
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