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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Apr- 2022 -1 April
Boots Q2 sales rise as beauty demand climbs
Boots has revealed its total sales in the UK grew 15.2% in the second quarter ending 28 February 2022 (Q2), with continued market share gains in all categories, led by beauty. UK comparable retail sales increased 22% with sustained retail and pharmacy sales growth despite trading headwinds from the Omicron…
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1 April
Tesco to sell £2 lateral flow tests in stores across UK
Tesco has announced it will be selling CTDA-approved lateral flow tests in its stores nationwide from 1 April. Diagnostic healthcare company Everything Genetic has announced a deal which will see lateral flow devices stocked across thousands of Tesco’s stores and online from April 1, as the government moves to end…
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1 April
Quiz to return to profit amid positive sales momentum
Fashion retailer Quiz has announced it anticipates FY 2022 profitability of no less than £4.3m after the group experienced positive sales momentum during the Christmas period which continued through the final quarter of the group’s financial year. According to its trading update for the financial year ended 31 March 2022,…
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Mar- 2022 -31 March
H&M sales slow as war in Ukraine starts to dampen outlook
H&M has announced the group’s net sales have slowed to 6% in March from 23% in the first quarter due to the Russian invasion of Ukraine, according to its first quarter results from 1 December 2021 – 28 February 2022. The group reported net sales in local currencies increased by…
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31 March
Oxford Street launches sustainability awareness campaign
Oxford Street has announced its new sustainability awareness campaign, Beyond Now 2022, during April, the month that the nation comes together to mark Earth Day. In its second year, Beyond Now will showcase the “ever-evolving journey that some of the UK’s brands are on to create a brighter future for…
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31 March
UK GDP rebounds 1.3% in Q4 FY21
The UK’ gross domestic product (GDP) is estimated to have increased by 1.3% in the fourth quarter (Q4) of 2021 between October to December, meaning UK GDP is now 0.1% below pre-Covid levels. Annual GDP in 2021 is now estimated to have increased by a revised 7.4% compared to the…
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31 March
High street footfall continues to lag behind pre-pandemic levels
Footfall levels remain 23% below pre-pandemic levels in February 2022 as rising costs are reportedly set to “batter” retailers from 1 April, according to RSM. The latest data from Datscha, analysed by RSM, shows the overall decline in footfall is the worst in London with numbers on Oxford Street down…
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30 March
IKEA to close Tottenham store, putting 450 roles at risk
Ikea has announced the proposed closure of its Tottenham store in Edmonton, North London, placing the jobs of 450 co-workers at risk. The announcement forms part of the business’ £1bn transformation plan to further invest in London over the next three years to “better meet the needs” of its customers.…
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30 March
Lululemon surpasses £6bn in revenues
Athleisure brand Lululemon has reported a “strong” FY21 performance revealing its revenues surpassed $6bn (£4.5bn) for the first time. The performance was boosted by a 23% increase in net revenues during the fourth quarter. It also revealed that company operated store net revenue increased 70% for the year, with net…
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30 March
Tesco installs EV chargers at 500 stores
Tesco has announced it has expanded its free electric vehicle (EV) charging network to 500 stores nationwide, with Inverness Extra marking the 500th store as the network boosts local infrastructure. The announcement comes as usage over the chargers has surged by 300% over the past year. Free charging sessions on…
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