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 -22 November
Raf Simons to close label after 27 years
Raf Simons has announced he is closing his eponymous label after 27 years. Announcing the news via Instagram, the fashion…
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22 November
John Lewis chair warns inflation is ‘hitting top line’ as spending falls
The chair of John Lewis has warned that inflation is “hitting the top line”, with the group witnessing a notable…
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22 November
AO revenues fall 17% in H1
Electrical retailer Ao reported a year-on-year revenue decline of 17% in the six months ended 30 September 2022, as the…
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22 November
Footfall sees Black Friday lull amid cost of living crisis
Footfall across UK retail destinations rose by a modest +1.6% last week from the week before, driven mostly by high…
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21 November
Foot Locker lifts guidance despite fall in Q3 sales
Footwear retailer Foot Locker has raised its FY guidance despite seeing a fall in sales and net income during the…
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21 November
Iceland founder rebuffs takeover approaches
Malcolm Walker, the founder of Iceland Foods, has reportedly dispelled rumours that he has been “quietly marketing” the company to…
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21 November
M&S welcomes menswear to ‘brands at M&S’ platform
Marks and Spencer has announced a deal which will bring brands such as Ted Baker, Superdry, Lyle and Scott and…
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21 November
H&M closes one in five UK stores amid sales hit
H&M has closed around one in five of its shops in the UK, according to The Mail on Sunday, as…
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21 November
Wilko in talks for £30m lifeline
Wilko is in talks to secure a £30m cash injection as cost pressures intensify in the run-up to Christmas, according…
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18 November
Marks and Spencer announces interim CFO
Marks and Spencer have announced that Jeremy Townsend is joining the business as Interim CFO on 22 November 2022. Following…
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