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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Mar- 2021 -22 March
Iceland spends £150m on deals despite pocketing £40m Covid relief
Iceland’s owners have taken and spent £150m from the supermarket chain since the beginning of the pandemic, despite refusing to…
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19 March
Asda to remove 101 million pieces of single-use plastic from stores
Asda has revealed it will be removing 101 million pieces of single use plastic from its stores each year by…
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19 March
Non-essential Welsh retail to begin reopening from 22 March
Mark Drakeford, first minister of Wales, has announced an easing of lockdown restrictions, starting with the reopening of non-essential retail…
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19 March
Co-op further extends franchise portfolio
The Co-operative Group has opened its 15th franchise site with the launch of its Cornwall Services store, as the group…
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19 March
Nike global revenues up 3% as online helps offset store closures
Global sportswear giant Nike has revealed that its revenues for the third quarter of the year were $10.4bn (£7.4bn) up…
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19 March
Asda CEO Roger Burnley to step down
Asda has confirmed that CEO and president Roger Burnley will step away from the business next year, once the supermarket…
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19 March
L Brands founder steps down from board
Les Wexner, the founder of L Brands, has announced that he and his wife Abigail will not stand for re-election…
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19 March
Halfords acquires Universal Tyre and Autocentres for £15m
Halfords has announced it has reached an agreement to acquire Universal Tyre and Autocentres (Universal) for a consideration of £15m.…
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19 March
UK consumer confidence rises in March
Consumer confidence in the UK is on the rise, according to GfK’s monthly Consumer Confidence Index, as consumer confidence has…
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18 March
Wilko key workers prepare to strike amid sick pay cuts
Wilko key workers who are part of GMB union have announced they are preparing to strike after having their sick…
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