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 -25 March
Wickes profit soars 71% in FY21 as it ‘outperforms’ market
Wickes has announced that its profit-before-tax soared by 71.7% to £85m in FY21, up from £49.5m the year before, as…
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25 March
Prada makes three new appointments to management team
The Prada Group has announced three “strategic” appointments to its “top” management team. It revealed Andrea Bonini has been appointed…
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25 March
Made.com’s non-executive director to step down
Made.com Group Plc has announced that Bruno Crémel will retire from his role as a non-executive director. He will step…
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25 March
Retail sales volumes fall 0.3% in February, ONS says
Retail sales volumes fell by 0.3% in February 2022 following a rise of 1.9% in January 2022, according to the…
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24 March
McColl’s CEO steps down amid funding troubles
McColl’s Retail Group plc has announced that Jonathan Miller has stepped down from his role as chief executive officer (CEO)…
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24 March
Retail industry responds to ‘underwhelming’ Spring Statement
Both Bira and CBI have expressed disappointment in the chancellor’s Spring Statement, with Bira having declared it is “underwhelmed with…
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24 March
High streets face £3bn rates rise on 1 April
Retail, leisure and hospitality businesses in England are facing a “dangerous cost of doing business crisis”, according to real estate…
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24 March
Amazon launches first ever electric HGVs for UK fleet
Amazon has unveiled five electric Heavy Goods Vehicles (HGVs) in its delivery fleet for the first ever time in the…
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24 March
Foot Locker appoints first global brands president
Foot Locker has announced the appointment of Samantha Lomow as its first global brands president, effective 18 March 2022. Lomow…
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24 March
Next hit with £85m sales loss amid Ukraine and Russia closures
Next has revealed it has lowered its sales guidance for the financial year 2022/23 to £85m, down 2% following “anticipated…
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