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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Dec- 2020 -10 December
Ocado revenue soars following M&S partnership
Ocado Retail has announced that revenue soared by 35% in the 13 weeks to 29 November 2020, driven by a…
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10 December
Frasers Group reports 30% rise in half-year profits
Frasers Group has reported a 29.1% surge in after-tax profit to £84m in the 26 weeks to 25 October. The…
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9 December
Co-op launches partnership with Deliveroo
Co-op has launched a new partnership with Deliveroo and fresh fruit and veg suppliers Sheringhams to help provide 20,000 meals…
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9 December
CMA launches inquiry into Issa Bros’ Asda takeover
The CMA has announced the launch of a phase 1 inquiry into the Issa Brothers’ £6.8bn takeover of Asda. It…
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9 December
UK sees grocery boom as shoppers hit stores early
Grocery sales rose by 11.3% in the 12 weeks ended 29 November 2020, the fastest rate of growth since August,…
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9 December
Tesco confirms sale of its Asian businesses
Tesco has confirmed the sale of its businesses in Thailand and Malaysia, following a review of the transaction. Back in…
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8 December
Studio exploring sale options as profits surge 52%
Studio Retail Group (SRG) has announced it is exploring sales options after seeing half-year profits increase 52% to £17.7m. For…
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8 December
Moncler acquires Stone Island
Luxury fashion brand Moncler has announced the acquisition of Italian brand Stone Island for an undisclosed sum. The transaction will…
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8 December
Consumer spending drops 2% in November
Consumer spending in the UK fell by 2.9% in November, despite spending on essential items growing 4.9% year-on-year, as ‘circuit…
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8 December
Joules sales hit by lockdown
Joules has announced that group revenue was down by 15.3% to £94.5m in the 26-week period ended 29 November 2020.…
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