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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Jul- 2022 -18 July
Deliveroo lowers FY22 guidance amid consumer headwinds
Deliveroo has lowered its gross transaction value (GTV) guidance for FY22 from 15–25% to 4–12% due to a “more cautious” economic outlook and increased consumer headwinds. Meanwhile, the company continues to expect FY22 adjusted EBITDA margin to be in the range of -1.5 to -1.8%, an improvement against -2% in…
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18 July
Co-op and Starship Technologies expand robot delivery service
Co-op and Starship Technologies have partnered with North Northamptonshire Council to roll-out autonomous grocery delivery to local residents across Wellingborough, Higham Ferrers and Rushden. The partnership will see that up to 45,000 residents across 33,000 households in Wellingborough, Rushden and Higham Ferrers are “able to access on-demand grocery delivery” from…
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18 July
Next workers underpaid following payroll errors
Next workers have been underpaid for “months” after a series of payroll errors from the retailer, according to The Sunday Times. The problem reportedly arose after a misstep with the company’s new Oracle payroll system in February. There were also deductions of some staff pension contributions without investment into retirement…
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18 July
M&S removes best before dates in bid to tackle food waste
M&S has announced it will be removing best before dates from a range of fresh produce to help reduce in-store and household food waste. It confirmed that best before dates will be removed from the labelling of over 300 fruit and vegetable products, or 85% of M&S’ produce offering, including…
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15 July
John Lewis Partnership named ‘Menopause Friendly Employer’
The Menopause Friendly’s independent panel of experts has awarded the John Lewis Partnership its Menopause Friendly Employer accreditation for “creating an inclusive culture where everyone feels able to talk about the menopause”. The company states that it wanted to “create a level playing field” by encouraging an environment in which…
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15 July
Uniqlo owner raises outlook amid profit and sales surge
Uniqlo owner Fast Retailing has raised its full-year outlook after posting record profits for the third quarter of the year. In the three months to 31 May, the retailer recorded operating profits of 81.8bn yen (£498m), up 36.5% YOY. The strong performance comes as revenues surged 10.3% to 546.1bn yen…
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15 July
Amazon to create 4,000 UK jobs
Amazon has pledged to create more than 4,000 new permanent jobs in the UK this year, bringing its total UK workforce to 75,000. According to the group, the new roles will be spread across the UK and will include roles at its new fulfilment centres in Wakefield and Knowsley. Among…
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15 July
Burberry revenues hit by China lockdowns
Burberry has revealed its Q1 global comparable store sales increased just 1%, from £479m to £505m, after being impacted by lockdowns in mainland China. Excluding Mainland China, comparable store sales grew 16%, while EMEIA comparable store sales grew 47%. The brand reported double-digit comparable growth in leather goods and outerwear…
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15 July
iCandy appoints new head of sales
iCandy has announced the appointment of Cath Needham as the company’s new head of sales this week. Needham is said to be an experienced national account manager with 30 years of experience within the nursery industry. She joined the company from Emmaljunga Limited. As head of sales, Needham will be…
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14 July
JD to expand outdoor business with a dozen new openings
JD Outdoors will expand its footprint with the opening of over a dozen new stores by the end of the summer, amid a spike in demand for outdoor products as Britain spends more time outside in the UK and Europe. Adding nearly half a million square feet of retail space…
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