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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Apr- 2022 -1 April
Dunelm appoints new chief financial officer
Dunelm Group plc has announced the appointment of Karen Witts as its new chief financial officer (CFO), who will join…
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1 April
The Sofa Workshop ceases trading
The Sofa Workshop has collapsed into administration and has appointed Toby Banfield, David Baxendale and Zelf Hussain of PwC as…
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1 April
Boots Q2 sales rise as beauty demand climbs
Boots has revealed its total sales in the UK grew 15.2% in the second quarter ending 28 February 2022 (Q2),…
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1 April
Tesco to sell £2 lateral flow tests in stores across UK
Tesco has announced it will be selling CTDA-approved lateral flow tests in its stores nationwide from 1 April. Diagnostic healthcare…
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1 April
Quiz to return to profit amid positive sales momentum
Fashion retailer Quiz has announced it anticipates FY 2022 profitability of no less than £4.3m after the group experienced positive…
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Mar- 2022 -31 March
H&M sales slow as war in Ukraine starts to dampen outlook
H&M has announced the group’s net sales have slowed to 6% in March from 23% in the first quarter due…
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31 March
Oxford Street launches sustainability awareness campaign
Oxford Street has announced its new sustainability awareness campaign, Beyond Now 2022, during April, the month that the nation comes…
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31 March
UK GDP rebounds 1.3% in Q4 FY21
The UK’ gross domestic product (GDP) is estimated to have increased by 1.3% in the fourth quarter (Q4) of 2021…
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31 March
High street footfall continues to lag behind pre-pandemic levels
Footfall levels remain 23% below pre-pandemic levels in February 2022 as rising costs are reportedly set to “batter” retailers from…
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30 March
IKEA to close Tottenham store, putting 450 roles at risk
Ikea has announced the proposed closure of its Tottenham store in Edmonton, North London, placing the jobs of 450 co-workers…
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