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 -11 March
Sook opens second retail site on South Molton Street
Sook, a pay-by-the-hour adaptable space provider, has opened a second site on South Molton Street, and extended its partnership with…
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11 March
Uniqlo reverses decision to remain in Russia
Fast Retailing, the parent company of fashion brand Uniqlo, has announced it will temporarily suspend its operations in Russia amid…
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11 March
Mango reports highest profit in decade
Mango has closed FY21 with the highest profits in almost a decade, with a net profit of €67m (£56m), triple…
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10 March
Steve Rowe to step down as M&S CEO
Marks and Spencer (M&S) has revealed that Steve Rowe will stand down as chief executive officer (CEO) as part of…
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10 March
Faith in Nature secures £2.5m loan to expand manufacturing premises
Faith in Nature, the natural beauty products brand from Radcliffe, Manchester has announced it has secured a £2.5m loan in…
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10 March
Pandora expands US footprint with the acquisition of 37 stores
Pandora has announced its continued US growth strategy with 37 locations acquired from Ben Bridge Jeweller. Ben Bridge Jeweller was…
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10 March
February shows signs of return to normal online spending patterns
Despite February’s year-on-year (YoY) online retail growth dropping even lower than the previous month’s record, there were signs of a…
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10 March
John Lewis reinstates £46m staff bonus amid record sales
The John Lewis Partnership has said its staff will be able to share from a £46m bonus pot after reporting…
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10 March
Boohoo eyes FY22 profits of £125m as sales surge 14%
Boohoo group plc has revealed it expects adjusted EBITDA for the 12 months ending 28 February 2022 (FY22) to reach…
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9 March
Lululemon unveils first-ever footwear collection
Lululemon athletica inc. has announced its debut into the footwear industry with its first shoe collection set to debut in…
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