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 -1 November
Asda launches meal deal to help over-60s this winter
Asda has announced its new ‘winter warmers’ meal deal, targeted at helping older customers struggling with spiralling cost of living…
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1 November
Asos to axe 100 roles
London-based fashion retailer Asos is planning to axe 100 job roles, following a £32m pre-tax loss this year. It is…
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1 November
Ocado partners with South Korea’s Lotte Shopping
Ocado Solutions has entered the South Korean market following a new partnership with Lotte Shopping, which will aim to develop…
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1 November
Made.com nears administration as shares suspended
Made.com has announced its shares have been suspended from trading on the London Stock Exchange this morning (1 November) as…
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Oct- 2022 -31 October
Footfall sees largest increase since Easter during half-term week
Footfall across UK retail destinations rose by 8.2% last week from the week before, a greater increase than in any…
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31 October
Harrods swings to profit in FY21
Harrods has revealed it has returned to profit for the year ending 29 January 2022 (FY21), as the group’s operating…
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31 October
Wilko increases staff pay to £10
Wilko has announced it has increased its entry level hourly rate to £10 – 50p above the national living wage.…
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31 October
Asda completes Co-op petrol station deal
Asda has completed the acquisition of 132 grocery retail sites with attached petrol stations from the Co-op for a value…
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28 October
VF Corp revises outlook as Q2 revenues fall 4%
VF Corp, the owner of brands such as Vans and North face, has revised its FY outlooks after it revealed…
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28 October
Amazon shares fall as group predicts sales slowdown
Amazon has seen its shares plummet by as much as 20% after it warned of a slowdown in sales for…
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