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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Jan- 2021 -13 January
Morrisons first supermarket to pay staff £10 an hour
Morrisons has announced a new pay deal for its employees that will see it become the first UK supermarket to…
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13 January
Lidl posts 18% December revenue increase
Discount supermarket Lidl has reported that its revenue for the four weeks to 27 December rose by 18%, according to…
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13 January
Sosandar reports revenue growth of 6% in Q3
Sosandar, the women’s fashion retailer, has reported strong sales growth in its third quarter, confirming a revenue growth of 6%…
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12 January
Landsec collects only a third of December retail rent
UK landlord Landsec has revealed it has only managed to collect just over a third of the rent owed by…
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12 January
British retailers suffer worst year on record, BRC reveals
British retailers suffered one of the worst years on record for sales growth, a new study by KPMG and BRC…
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12 January
The Hut Group revenue soars ahead of guidance in Q4
The Hut Group has announced that revenue soared by 51% to £558.7m in the three months ended 31 December 2020,…
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12 January
New top-up grants to be given to Scottish retail
Eligible Scottish retail firms that have been impacted by tier four restrictions are set to receive a one-off top-up grant…
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12 January
Very records best ever Christmas sales
Very.co.uk has announced a 25.2% year-on-year increase in retail sales in the seven weeks up to and including 25 December…
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12 January
Kingfisher reports online sales boom
Kingfisher has reported that a rise in online sales during its fourth quarter, in the 10 weeks to 9 January,…
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11 January
Buyer found for Edinburgh Woollen Mill
FRP Advisory, the administrator to clothing retailer Edinburgh Woollen Mill, has accepted a rescue offer that could save a number…
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