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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Feb- 2022 -18 February
135,000 retail jobs lost amid pandemic
Almost 135,000 traditional retail jobs were lost during the course of the pandemic, according to an analysis of figures from trade union GMB. It found that in 2019, there were an estimated 1.2 million sales and retail assistants, retail cashiers and check-out operators in the UK. By 2021, however, this…
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18 February
Retail sales up 1.9% in January 2022
Retail sales volumes rose by 1.9% in January 2022 following a fall of 4.0% in December 2021, according to the latest figures from the Office for National Statistics. It also revealed sales volumes were 3.6% above their pre-coronavirus (Covid-19) February 2020 levels. Non-food stores sales rose by 3.4% as home…
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17 February
Kingfisher announces leadership shakeup
Kingfisher plc has announced a number of senior management changes to strengthen its group executive team and support the delivery of the group’s strategy. Sebastien Krysiak, currently chief executive officer (CEO) of Castorama Poland, has been appointed to the new role of chief commercial officer, with effect from 4 April.…
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17 February
Reckitt’s net revenue increases 3.5% to £13.2bn
Reckitt has announced its full-year net revenues have come in “ahead of expectations” up +3.5% to £13.2bn and +17.4% on a two-year stacked basis. The firm said this has been led by a “strong performance”in hygiene and a recovery in health as it exited the year. It also reported Q4…
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17 February
Amazon reaches Visa agreement
Amazon has announced it has reached an agreement with Visa that will see it continue to accept credit card payments at its stores and sites. In a statement sent to customers Amazon said: “We’ve recently reached a global agreement with Visa that allows all customers to continue using their Visa…
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17 February
Shopify sees soaring revenues but warns of slowed growth in FY22
Shopify has announced that Q4 revenue in 2021 soared by 41% to $1.4bn (£1bn) against 2020, but has warned that this growth may be softened in the coming year in the absence of an e-commerce boom. Gross merchandise volume was $54.1bn (£40bn) in the period, marking an increase of $12.9bn…
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17 February
Mango brings forward sustainability targets
Mango has announced that it is bringing forward its sustainability targets after revealing that 80% of all the garments it sells have hit the company’s sustainability goal. In just one year, Mango has almost doubled the percentage of sustainable garments in its total production. The company, one of the leading…
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17 February
Hotter FY22 revenues rise to £51.9m
The Unbound Group has reported a 16% increase in revenues for its subsidiary, Hotter Shoes (Hotter), in the financial year ending 30 January 2022 (FY22), up from £44.5m in FY21 to £51.9m. Hotter has also announced a partnership with M&S to sell Hotter products on the ‘Brands at M&S’ platform,…
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16 February
M&S raises hourly pay for all store colleagues
M&S has announced it has increased its hourly pay to £10 for all store colleagues across the UK as part of a broader reward package. Set to take place from the beginning of April, over 40,000 colleagues will see their base rate of pay increase by 50p an hour from…
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16 February
AO invests in South Lanarkshire with new Larkhall Depot
Online electronics retailer AO has announced that it has invested in both logistics warehousing and job creation in the South Lanarkshire area. It revealed the move follows the “structural shift” in shopping habits with more customers buying the firm’s appliances online. According to AO, the new 20,000 sq ft site…
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