News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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May- 2022 -20 May
Retail sales rise by 1.4% in April
Retail sales volumes rose by 1.4% in April 2022 following a fall of 1.2% in March 2022, with sales volumes 4.1% above their pre-coronavirus February 2020 levels. In the three months to April 2022, sales volumes fell by 0.3% when compared with the previous three months; this continues the downward…
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20 May
Consumer confidence drops to lowest level since 1974
UK consumer confidence has fallen to its lowest level since records began in 1974, according to the latest figures from GfK’s long-running Consumer Confidence Index. For the month of May, the index decreased by a further two points to -40 as four of the five measures that make up the…
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19 May
The Great Resignation: Why the battle for talent sees retail staff come out on top
A new report by stakeholder intelligence firm alva has revealed the biggest winners and losers from the last three years when it comes to positive employer and employee sentiment in the UK. As the UK begins to climb out from the pandemic and find a new way forward, retail workers…
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19 May
Sainsbury’s and Deliveroo announce further UK expansion
Sainsbury’s and Deliveroo have expanded their partnership to cover additional locations across the UK, meaning Sainsbury’s products will reportedly be delivered to tens of thousands more households across the UK within 20 minutes. The new locations include Winchester, Marlow, Barking, Loughborough, Watford and Lancaster. The new stores build on Sainsbury’s…
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19 May
Under Armour CEO to step down
Under Armour has announced that Patrik Frisk is to step down as president and CEO and as a member of the board of directors, effective June 1, 2022. Under Armour said its board has initiated a “comprehensive internal and external search” process to identify a permanent President and CEO. Until…
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19 May
French Connection launches own rental service
Global retailer French Connection has become the first major fashion brand to launch an on-demand rental service for latest-season stock in the UK. French Connection Rental will allow customers to rent individual pieces from its current collection, and will not require a subscription. The service will be powered by rental-as-a-service…
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19 May
M&S warns chancellor of potential ‘damage’ of online sales tax
Marks and Spencer has penned a letter to the chancellor warning of the potential damage an online sales tax would have on the high street. It comes as the government’s consultation on whether to implement such a tax closes on Friday (20 May). The government said the idea behind the…
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19 May
Currys appoints Asos’ Ian Dyson as new chair
Currys plc has appointed Ian Dyson as chair of the board, effective 8 September 2022, succeeding Ian Livingston who will step down on the same date. Dyson will also join the company as a non-executive director on 1 September 2022. He is currently chair of Asos’ board, and is a…
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18 May
Watches of Switzerland hails record revenues of £1.23bn
The Watches of Switzerland Group has reported its group revenues surged 40% year-on-year from £905m to £1.23bn in the 53 weeks ending 1 May 2022 (FY22), marking a “record” year of revenue and profitability. All in all, UK revenues were up 36% to £810m and US revenues were up 48%…
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18 May
N Brown profits surge 46% to £43m
N Brown, the owner of high street brands Jacamo and Simply Be has revealed its profit before tax increased 46.6% to £43.1m for the full-year period ended 28 February 2022. The retailer posted the profit increase despite seeing revenues dip 1.8% reflecting a 0.6% reduction in product revenue and a…
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