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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Sep- 2022 -2 September
Lululemon lifts FY22 outlook as profits hit $7.86bn
Lululemon has raised its FY22 outlook, with revenues expected to be in the range of $7.86bn (£6.8bn) to $7.94bn (£6.87bn),…
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2 September
Motatos raises €38m to fund UK expansion
Discount supermarket Motatos has announced it has raised €38m (£33m) through a new share issue to existing shareholders. The financing…
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1 September
Battersea Power Station confirms 14 October opening date
Battersea Power Station has confirmed it will open its doors to the public for the first time from Friday 14…
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1 September
Tommy Hilfiger and CK owner lowers FY22 outlook
PVH Corp has lowered its full year outlook for 2022, with revenues now expected to decrease 4% to 3% (increase…
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1 September
Truss in talks to further cut business rates amid rising costs
Liz Truss has reportedly entered discussions with industry lobbyists over plans to further cut business rates. According to The Telegraph,…
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1 September
Footfall recovers in August despite cost of living crisis
Footfall has strengthened across UK retail destinations in August 2022 to -13.2% below 2019 compared with -14.2% in July 2022,…
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1 September
Sainsbury’s to invest £65m to help ease cost-of-living crisis
Sainsbury’s has announced the launch of its biggest ever September value offer, spending £65m across the business to “help ease…
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1 September
John Lewis to offer free staff meals as it recruits 10,000 seasonal workers
The John Lewis Partnership has revealed its plans to recruit more than 10,000 temporary roles across the country this Christmas,…
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Aug- 2022 -31 August
Brunello Cucinelli reports net profit of €50m
Casa di Moda Brunello Cucinelli has reported net profit of €50.6m (£43.4m) for the first half of 2022 ending June…
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31 August
Food prices rise at fastest rate since 2008, BRC finds
New data from the British Retail Consortium (BRC) and NielsenIQ index has shown that food prices have risen at their…
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