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- 2023 -12 May
Planet Organic owed creditors £12.5m before rescue deal
Planet Organic owed creditors more than £12.5m when it fell into administration last month, The Grocer has reported. According to…
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12 May
Adidas to sell remaining Yeezy stock
Adidas is set to sell some of its Yeezy stock and merchandise following the discontinuation of the Kanye West partnership,…
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12 May
Tesco CEO paid £4.4m last year despite cost of living crisis
Tesco’s annual report has revealed that its chief executive officer Ken Murphy was paid £4.4m last year, alongside an additional…
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11 May
Amazon workers make formal bid for CAC recognition
The GMB union has submitted a bid for formal recognition to the Central Arbitration Committee (CAC) for its members at…
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11 May
Lush unveils new Green Hub in Poole
Handmade cosmetics company Lush has announced the competition of its new Green Hub near its headquarters in Poole, Dorset. While…
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11 May
Adidas revenues remain flat in Q1
Apparel company Adidas reported flat currency-neutral revenues in Q1 compared to the same period last year. Currency-neutral sales in North…
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11 May
BoE raises interest rate for 12th time to 4.5%
The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%, up from 4.25%. The…
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11 May
Nordstrom appoints Cathy R. Smith as CFO
Nordstrom has announced the appointment of Cathy R. Smith as chief financial officer, effective 29 May, 2023. Smith joins Nordstrom…
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11 May
Roberts Radio appoints new CEO
British audio brand, Roberts Radio, has recently appointed Owen Watters as its CEO, returning to the business in a role…
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11 May
BRC calls for Windsor Framework labelling clarity
The British Retail Consortium (BRC) has called on the government to provide clarity for UK supermarkets on labelling issues caused…
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