Tesco and Sainsbury’s both increased market share this month as Asda’s hold on the grocery sector continues to falter. Britain’s biggest supermarket Tesco achieved its largest share since December 2017, upping it from 27.4% to 28% as sales rose 5.2% in the 12 weeks to 29 September. Sainsbury’s stepped up its market share by 0.4 percentage points to...

Consumers preparing for the new autumn season and academic year provided a welcome boost to retail sales last month. The latest figures from the British Retail Consortium (BRC) show total sales rose 2% in September, against a growth of 2.7% in the same month last year. This is above the 12-month average growth of 1.1%. Food sales increased 3.1% year...

Inditex UK and Ireland managing director Max Nutz has stepped down from his role after 25 years at the Zara owner. Nutz will be succeeded by the group’s Austalia and New Zealand boss Pilar Losada this week, Retail Week reported. Nutz joined Inditex in 1999 and has held senior international positions in the business, including as the managing director...

Selfridges has a new shareholder after Saudi Arabia’s sovereign wealth fund snapped up the stake once held by the collapsed Austrian firm Signa. The Saudi Public Investment Fund (PIF) will own 40% of Selfridges following the transaction, while Thailand’s Central Group will hold 60%. Central Group said the deal includes new investment from both firms...

The Very Group is set to enlist Barclays, JP Morgan, and Morgan Stanley to manage a strategic review that could potentially mark the end of the Barclay family’s long-standing ownership of the ecommerce giant. According to Sky News, the investment banks, whose appointments are likely to be confirmed within days, will kickstart a full or partial auction...

Matalan chief executive Jo Whitfield has stepped down from the fashion retailer after just over 18 months. The retailer said Whitfield is leaving the business to “pursue a portfolio career”. Her departure comes as fellow department store John Lewis Partnership lost its group CEO Nish Kankiwala, as he reverts back to non-executive role at the group....