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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Dec- 2023 -20 December
UK inflation falls to two-year low of 3.9%
UK inflation has fallen to 3.9% in the year to November, the lowest level seen in two years, according to…
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20 December
Asda’s interest bill to exceed £400m
Asda is set to see its debt interest bill exceed £400m by early next year as a result of rising…
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20 December
Lidl becomes first grocer to double paid maternity leave
Lidl GB will be introducing 28 weeks full pay for staff on maternity or adoption leave starting from 1 January…
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19 December
Today’s news in brief
South Korean e-commerce giant Coupang has reportedly reached an agreement to acquire Farfetch in a $500m rescue deal. The transaction…
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19 December
Zalando launches invite-only shopping experience for hyped items
Zalando is introducing an exclusive shopping experience for hyped products – items with limited quantities, such as special editions, but…
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19 December
Whirli launches customer refund programme
Toy subscription service, Whirli, has launched a customer refund programme in a bid to “underline its commitment to customer satisfaction”. …
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19 December
Superdry issues FY24 profit warning amid mild weather
Superdry has warned on profits for the 26-week period ended 28 October, attributing a 13% year-on-year drop in sales to…
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19 December
Revolution Beauty appoints North American chief
Revolution Beauty has announced the appointment of Erin Cast as president of North America. Based in New York, she will…
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19 December
Farfetch acquired by Coupang in $500m rescue deal
South Korean ecommerce group Coupang has agreed to acquire Farfetch, which had been seeking a rescue deal in recent weeks,…
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19 December
Asda opens 81 Express stores ahead of Christmas
Asda has opened a record 81 new Asda Express stores in December in a bid to bring Asda value to…
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