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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Mar- 2022 -30 March
Lululemon surpasses £6bn in revenues
Athleisure brand Lululemon has reported a “strong” FY21 performance revealing its revenues surpassed $6bn (£4.5bn) for the first time. The…
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30 March
Tesco installs EV chargers at 500 stores
Tesco has announced it has expanded its free electric vehicle (EV) charging network to 500 stores nationwide, with Inverness Extra…
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30 March
Customers to cut clothing expenditure as inflation hits 8.8%, study finds
New data from Braze confirms that people will primarily cut down on retail spending to help tackle the cost of…
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30 March
Burberry names new senior director
British luxury Burberry Group plc has announced that Orna NíChionna has been appointed as senior independent director with effect from…
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30 March
WHSmith partners with Deliveroo in new trial
WHSmith has partnered with Deliveroo in an exclusive new trial to bring customers a new offer of around 600 WHSmith…
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29 March
The Very Group unveils leadership shakeup
The Very Group has announced the appointment of Charlotte Heiss as group general counsel and company secretary, and the promotion…
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29 March
Iceland reintroduces palm oil ‘with regret’ amid rising prices
Iceland has reintroduced palm oil “with huge regret” after sunflower oil has become “totally unobtainable” amid the ongoing Ukraine crisis…
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29 March
Footfall rises by 7.8% as weather improves
The second anniversary of the start of the first lockdown in 2020 delivered positive results, with a rise in footfall…
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29 March
Asda profits surge 42% as Covid disruption eases
Asda has reported its operating profits increased 42% year-on-year from £486.5m to £693.1m in FY21 following a reduction in Covid-related…
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29 March
Mulberry profits to be ahead of expectations
Luxury fashion retailer, the Mulberry Group, has announced its full year revenues and profits are to be “moderately” ahead of…
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