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 -11 July
53% of retail workers say jobs are more demanding, report finds
Over half (53%) of UK retail workers described their jobs as demanding, with the amount of work they are expected to complete as “being worse than the onset of Covid”, according to YOOBIC’s ‘2022 State of the Frontline Employee Experience’ survey. It found that 63% of retail staff also described…
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11 July
Levi Strauss & CO revenues jump 15% to £1.25bn
Levi Strauss and Co has revealed its net revenues climbed 15% to $1.5bn (£1.25bn) in its second quarter after global direct-to-consumer sales rose by 16%. In the three month period ended 26 May, the group also reported strong growth in its company-operated store sales which increased by 23%. The second…
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11 July
Wren Kitchens launches apprenticeship programme amid expansion plans
Kitchen retailer Wren Kitchens has announced it is expanding its apprenticeship programme into the customer service sector to bolster its expansion plans. It comes as Wren has invested £120m into a hi-tech manufacturing facility in Barton-upon-Humber which stands at 1.3 million sq.ft. The retailer said it hopes this will “unlock…
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8 July
The Federation of Independent Retailer appoints new COO
The Federation of Independent Retailers (The Fed) has announced the appointment of Graham Stafford as the new chief operating officer (COO). Stafford joined the Fed on 4 July and will be based at Bede House in Durham. Prior to his appointment, he worked as COO for Amazing Instore and in…
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8 July
M&S launches discount on summer Back-to-School stock
M&S has revealed plans to “hold” its prices on school uniforms after launching a 20% off discount for early Back-to-School shoppers until 25th July 2022, as the summer Back-to-School season is reportedly the third busiest shopping event behind Christmas and Easter. The brand’s school uniforms are said to be responsibly…
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8 July
Superdrug sees profits surge 5% to £45m
Superdrug has revealed its full-year profit before tax has increased 141.3% to £45.3m, compared with £18.8m the previous year for the 53-week period ended 1 January 2022. It comes as it revealed its full-year revenues also increased 5.1% to £1.168bn, compared with £1.11bn in 2020 for the 53 week period…
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8 July
Sainsbury’s shareholders reject vote to introduce real living wage
Sainsbury’s has announced that its shareholders have rejected a motion to introduce the real living wage by July. The vote received 16.7%, far below the required 75% needed in order to pass. In a statement the grocer said: “The board firmly believes the company must preserve the right to make…
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8 July
JD Sports appoints former Morrisons boss as chair
JD Sports has announced the appointment of Andy Higginson as the brand’s new chair, effective on 11 July 2022. This appointment is said to follow an extensive search process undertaken by the board with the support of an external executive search firm. Higginson is reportedly a highly experienced and proven…
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8 July
Asda launches £1 meal charge for children
Asda has unveiled what it calls its “strongest ever initiative” to help feed children amid the cost of living crisis, which will see children across Scotland and Northern Ireland eat for only £1 at any time of day in Asda Cafés, seven days a week, with no minimum adult spend…
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8 July
Cost of living crisis weighs on retail sales growth
High levels of inflation and the deepening cost of living crisis have prompted further slowing of retail sales growth, according to BDO’s High Street Sales Tracker (HSST). It found that total like-for-like (LFL) sales, combined in-store and online, increased by +8.4% in June compared to the equivalent month in 2021,…
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