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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May- 2021 -7 May
10p plastic bag charge to be enforced from 21 May
The single-use carrier bag charge is set to double from 5p to 10p and be extended to all businesses in…
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7 May
Joules secures ESG-linked financing arrangement
Clothing retailer Joules has announced an extension to its current funding arrangements, converting the facility to an ESG-linked financing arrangement.…
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7 May
Asda pledges to be a net zero carbon business by 2040
Asda has pledged to become a net zero carbon business by 2040, as the company publishes its first Environmental, Social…
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6 May
Made.com expands warehouse operations
Made.com (Made) has announced that it will expand its UK operations with the development of an additional 350,000 sq ft…
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6 May
Sainsbury’s appoints Paula Nickolds as commercial director
Sainsbury’s has announced the appointment of Paula Nickolds as general merchandise and clothing commercial director at the group. Formerly a…
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6 May
Next increases full-year profit guidance to £720m amid sales surge
Next has increased its pre-tax profits guidance for the full year to £720m from £700m after seeing a surge in…
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6 May
Zalando raises FY guidance amid strong Q1 performance
Zalando has upgraded its full-year guidance after delivering its “strongest growth ever” since going public in 2014. It comes as…
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6 May
Superdry revenue slumps 21% in full-year results
Superdry saw revenue fall 21% to £556.6m in the full-year ended 24 April 2021, despite witnessing a slight growth of…
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6 May
Boohoo welcomes Tim Morris as non-executive director
Boohoo has appointed Tim Morris as a non-executive director. Morris is also currently group general counsel and company secretary at…
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6 May
Issa brothers step closer to Asda buyout
The Issa brothers are a step closer to completing their £6.8bn Asda buyout, having offered to address concerns put forward…
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