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- 2022 -20 December
Is Back to School behind ShoeZones’ newly-found popularity?
ShoeZone has recently come out with the news that its revenue increased by 31.2% to £156.2m from £119.1m last year, spelling a return to profitability that may indicate how much consumer spending habits have swung towards savvy penny-pinching in ‘Back to School’ season. A survey by Toluna from 5 September…
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20 December
Can beauty retailers remain resilient through the winter?
With endless economic and political uncertainty permeating the industry, it’s been hard to predict which category of retailers will fare better than others, but one thing is certain: the health and beauty industry has weathered the storm better than others. Most recently, THG reported “stable and consistent” consumer trading during…
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20 December
Next sales ahead of expectations in Q3
Next has announced that sales were 0.4% higher than last year in the 13 weeks to 29 October, which is said to be “slightly ahead” of the fashion retailer’s expectations. It is reported that the group’ full price sales in the last five weeks experienced an increase of 1.4%, in…
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20 December
Shop prices surge to record highs
Shop Price annual inflation accelerated to 6.6% in October, up from 5.7% in September, according to the latest BRC and Nielsen tracker. This is above the three-month average rate of 5.5%, marking another record for shop price inflation since this index started in 2005. Food inflation accelerated strongly to 11.6%…
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20 December
Tesco to open three more GetGo stores with new hybrid format
Tesco has announced a further expansion of its GetGo stores trial, with the first of three already open at Chiswell Street Express. The expansion of the trial – which will include two stores in London and another in Birmingham – will allow more customers to shop and pay without scanning…
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20 December
Tesco to consider ending its fresh food counters
Tesco is reportedly considering ending its butcher and fishmonger counters in its stores as consumer interest in them has dropped, according to the Telegraph. Tesco is the only one of the big four supermarkets, Tesco, Sainsbury’s, Asda and Aldi, that still offers a fresh food counter. Some 279 Tesco stores…
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20 December
Morrisons expands partnership with InPost
Morrisons has revealed that it will be expanding its partnership with InPost, which will see the amount of lockers in the supermarkets rise to 390 by the end of January 2023. The partnership, which started in 2014, sees Morrisons currently offering around 290 lockers. The expansion will ensure that nearly…
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20 December
Rail strikes and cold weather sees high street footfall fall 10%
The rail strikes and a bout of cold weather negatively impacted high street footfall last week, a key period for retailers in the run up to Christmas, with footfall falling -10.2, according to the latest figures from Springboard. Footfall across all UK retail destinations was -0.9% lower than last year…
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20 December
Sainsbury’s to hire 18,000 seasonal workers
Sainsbury’s is hiring for 18,000 additional roles over the Christmas period to help meet extra demand over the peak season, with 15,000 roles created at Sainsbury’s, 2,000 roles at Argos and 1,000 in logistics. The temporary workers will help to serve customers, keep shelves stocked and pick, pack and deliver…
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20 December
M&S to open new store in Liverpool One
Grosvenor has announced that Marks and Spencer is to join Liverpool One, anchoring South John Street in two floors of the former Debenhams. Set to open in mid-2023, the grocer is relocating from Church Street to create a 100,000 sq ft store. Its Liverpool One investment is part of the…
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