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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Nov- 2022 -9 November
Allbirds sees Q3 profits fall despite strong revenues
US footwear retailer Allbirds, which operates three stores in London and a concession in Selfridges, has revealed its gross profits…
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9 November
Adidas lowers forecast amid Yeezy split
Adidas has lowered its full year guidance for FY22 with total revenues now expected to grow at a low-single-digit rate…
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9 November
M&S profits fall by 24% in H2
Marks and Spencers has seen its profit-before-tax fall by 23.7% to £205.5m in the second half of the year. Nonetheless,…
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9 November
Next snaps up Made.com brand following collapse
Next has acquired the Made.com brand for £3.4m following the furniture retailer’s collapse into administration, which may see the loss…
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9 November
DFS appoints former Asda boss as CFO
DFS Furniture has announced that John Fallon is to be appointed as an executive director and chief financial officer (CFO)…
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8 November
Asda opens first ‘Asda Express’ convenience store
Asda has opened its first standalone ‘Asda Express’ convenience store in Sutton Coldfield in the West Midlands, creating 17 new…
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8 November
Retail sales recovery slows in October
The recovery of retail sales slowed in October, as on a total basis, retail sales increased by 1.6%, against an…
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8 November
Grocery price inflation hits record 14.7%
Four-week grocery price inflation has hit another record high figure at 14.7%, according to Kantar, marking another “record” high and…
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8 November
Primark sales rocket 43% in FY22
The parent company of Primark, Associated British Foods, has announced that Primark’s total sales rocketed by 43% to £7.7bn in…
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8 November
John Lewis COO to leave after 30 years
John Lewis Partnership COO Andrew Murphy has announced his intention to leave the retail group after 30 years. He will…
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