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 -8 March
Consumer spending surges 13.7% in February
Consumer card spending grew year-on-year by 13.7% in February, the highest growth since November 2021, as the economy reopened following…
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8 March
Ted Baker welcomes new CFO
Ted Baker has announced the appointment of Marc Dench as its new chief financial officer (CFO) with effect from today…
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7 March
Retailers record 12th month of consecutive sales growth
The retail sector has recorded its 12th consecutive month of positive trading with total like-for-like sales, combined in-store and online,…
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7 March
Zara owner Inditex to close all 502 stores in Russia
Inditex, the owner of fashion brands Zara, Pull and Bear and Berksha has announced it is to temporarily close all…
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7 March
TK Maxx cuts ties with Russia
TK Maxx has announced it has taken “meaningful” business actions to cut ties with Russia. The announcement comes in addition…
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7 March
Bira announces launch of Neartoo online trading platform
The British Independent Retailers Association (Bira) has announced the official public launch of its new online trading site Neartoo. The…
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7 March
Asda donates £1m to Ukraine and axes Russian products from shelf
Asda and its charity, the Asda Foundation, has announced it is providing immediate support for displaced Ukrainian families in Europe…
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7 March
John Lewis halts sales of Russian products
John Lewis has become the latest retailer to make steps towards cutting ties with Russia, having removed Russian-made products from…
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4 March
M&S suspends shipments to Russian businesses
Marks and Spencer (M&S) has revealed it has suspended shipments to its Turkish franchisee’s Russian business. The announcement comes amid…
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4 March
Authentic Brands completes Reebok acquisition
Authentic Brands Group (ABG) has announced that it has completed the acquisition of Reebok from Adidas in a £1.75bn deal.…
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