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 -18 May
Midcounties Co-operative announces £1m investment in retail crime prevention
Your Co-op Food, part of The Midcounties Co-operative, has announced a £1m investment as part of its ongoing commitment to protecting its colleagues, stores and local communities by deterring retail crime. The measures include creating a dedicated Safe Stores team within the Society, and rolling out state-of-the-art technology in stores.…
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18 May
M&S chairman slams post-brexit rules for Northern Ireland
The chairman of Marks and Spencer, Archie Norman, has backed government plans to override parts of the Northern Ireland protocol, after condemning the bureaucracy involved with transporting goods across the Irish border. Speaking to BBC Radio 4, Norman said: “At the moment, wagons arriving in the Republic of Ireland have…
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18 May
Inflation hits 40-year high
UK inflation has hit its highest level in 40 years during the month of April, driven by the rising cost of energy bills. The figure, according to the latest figures from the Office of National Statistics (ONS), was up from 7% in March. The ONS said that around 75% of…
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18 May
Burberry lowers FY23 forecast despite record revenues
Burberry has lowered its FY23 forecast as it expects a currency tailwind of £159m on revenues and £92m on adjusted operating profit, despite hailing record revenues in FY22. The group announced revenues surged 21% year-on-year from £2.34bn to £2.82bn for the 53 weeks ending 2 April 2022, against a backdrop…
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17 May
JD Williams launches sustainable clothing range
JD Williams, a strategic brand within N Brown Group plc, has announced the launch of its sustainable, own-brand clothing range, Anise. The women’s clothing collection has been designed in-house, and it has been created to enable JD Williams customers to add more sustainable clothing options to their wardrobes, without compromising…
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17 May
Victorian Plumbing H1 profits fall to £2.7m
Victorian Plumbing Group has revealed its operating profit for the first half of the year has fallen 80% YOY to £2.7m. The online bathroom retailer also revealed revenues for the period were down 5% year-on-year to £133.9m (H1 2021: £140.7m), lapping a “tough comparable period” resulting from market outperformance during…
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17 May
M&S to open new Lakeside store in 2023
Marks and Spencer has announced that it will open a new store at Lakeside centre, situated in Essex, due to launch in Spring 2023. Lakeside’s existing Marks and Spencer store will move from its current location to the new unit, covering 98,000 sq ft of net selling space. The relocation…
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17 May
Shaftesbury acquires £27.5m Soho leasehold
Shaftesbury has announced that it has acquired a 200 year ungeared leasehold interest in Soho for £27.5m, allowing the creation of 11 new units for new retailers and F&B concepts, all of which will be available from autumn 2022. Located on the lower floors of 92-104 Berwick Street, the portfolio…
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17 May
Landsec returns to profit amid retail recovery
Landsec has announced it has returned to profit in FY22 boosted by record office leasing and a return to growth in its major retail destinations. For the year ended 31 March 2022, Landsec delivered pre-tax profits of £875m up from a loss of £1.3bn the year prior. The group said…
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17 May
McDonald’s to permanently exit Russia after 30 years
McDonald’s Corporation has announced it will permanently exit the Russian market after more than 30 years of operations in the country, and it has initiated a process to sell its Russian business. McDonald’s said the humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment, had…
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