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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Oct- 2022 -13 October
Boohoo CIO exits business after three years
Boohoo’s chief information officer (CIO), Jo Graham, has announced her departure from the business after three and a half years…
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13 October
Lidl to trial on-shelf smart refills to help customers save money
Lidl has become the first supermarket in the UK that gives customers access to an on-shelf smart refill machine with…
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12 October
Poundland owner sees revenues rise 17.4% in FY22
Pepco Group, the parent company of Poundland, has revealed an increase in the group’s full year revenues of 17.4% on…
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12 October
Yoox Net-a-Porter announces interim CEO
Yoox Net-a-Porter has announced it has appointed Alison Loehnis as interim CEO, effective 31 October 2022, replacing Geoffroy Lefebvre who…
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12 October
Angling Direct H1 profits drop 69.8%
Angling Direct has reported that its pre-tax profits dropped 69.8% from £3.7m to £1.1m for the six months ended 31…
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12 October
Frasers acquires minority stake in N Brown
Frasers Group has revealed it has acquired a 4.54% stake in fashion retailer N Brown, according to the latest holding…
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12 October
Elliott in talks with Matalan founder over takeover bid
Elliott Advisors has reportedly entered talks with John Hargreaves, the founder of Matalan, regarding his bid to buy back the…
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11 October
ScS sees revenues rise but warns of reduced consumer confidence
ScS has reported a record 8.6% revenue rise in its preliminary results for the 52-week period ended 30 July 2022,…
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11 October
Marks Electrical sees H1 revenues rise 15%
Marks Electrical has reported a revenue growth of 15.1% to £43.1m (HY22 £37.5m) for the six months ended 30 September…
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11 October
Unemployment at lowest level in 50 years as pay levels fall
The UK unemployment rate dropped to 75.5% for June to August 2022, down 0.3 percentage points from the previous quarter…
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