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- 2022 -20 May
The Works warns of trading slowdown despite ‘strong’ FY22
Arts and crafts and book retailer The Works has warned it has experienced a slight slowdown in recent trading due…
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20 May
THG rejects £2bn bid as Nick Candy eyes takeover
THG announced it has rejected a takeover bid of over £2bn from the investment companies Belerion Capital Group Limited (Belerion)…
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20 May
Retail sales rise by 1.4% in April
Retail sales volumes rose by 1.4% in April 2022 following a fall of 1.2% in March 2022, with sales volumes…
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20 May
Consumer confidence drops to lowest level since 1974
UK consumer confidence has fallen to its lowest level since records began in 1974, according to the latest figures from…
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19 May
The Great Resignation: Why the battle for talent sees retail staff come out on top
A new report by stakeholder intelligence firm alva has revealed the biggest winners and losers from the last three years…
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19 May
Sainsbury’s and Deliveroo announce further UK expansion
Sainsbury’s and Deliveroo have expanded their partnership to cover additional locations across the UK, meaning Sainsbury’s products will reportedly be…
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19 May
Under Armour CEO to step down
Under Armour has announced that Patrik Frisk is to step down as president and CEO and as a member of…
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19 May
French Connection launches own rental service
Global retailer French Connection has become the first major fashion brand to launch an on-demand rental service for latest-season stock…
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19 May
M&S warns chancellor of potential ‘damage’ of online sales tax
Marks and Spencer has penned a letter to the chancellor warning of the potential damage an online sales tax would…
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19 May
Currys appoints Asos’ Ian Dyson as new chair
Currys plc has appointed Ian Dyson as chair of the board, effective 8 September 2022, succeeding Ian Livingston who will…
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