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- 2023 -27 January
H&M net sales increase 12%
H&M has announced that its net sales for FY22 increased 12% to SEK 223bn (£176bn) for the year ended 30…
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27 January
Asda to cut 300 roles as 4,000 face pay cuts
Asda has unveiled a series of change proposals that could place 300 roles at risk across the business, as well…
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27 January
Bensons for Beds sales up 7% over Christmas
Bensons for Beds saw like-for-like sales rise 7% for the last three months of 2022, compared to the same period…
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27 January
Store Vacancies fall to 13.8% in Q4
The overall vacancy rate improved to 13.8% in the fourth quarter of 2022, which was 0.1 percentage points better than…
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26 January
Sainsbury’s launches healthy overnight drive-thru for shift workers
Sainsbury’s has launched a healthy overnight drive-through aimed at shift workers who it says have the unhealthiest diets in the…
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26 January
Two major shopping centres secure net zero status
Two retail destinations, Quayside MediaCity in Salford and Gloucester Quays, have become the first shopping centres in the UK to…
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26 January
Levi’s profits fall 9% despite surge in revenues
Levi’s has revealed its gross profit fell 9% to $887m (£716m) for the year 27 November 2022. However, it also…
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26 January
Inditex to double number of disabled employees
Zara owner Inditex has announced plans to double its number of disabled employees within the next two years. The company…
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26 January
The Cotswold Company appoints three to leadership team
Furniture and homewares brand, The Cotswold Company has announced the appointment of Jim Sharp as chairman, Matt Pollington as chief…
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25 January
300 Amazon warehouse workers hold first UK strike
The GMB union has organised a strike for about 300 Amazon warehouse employees out of 1,000 at the e-commerce retailer’s…
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