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.
-
Aug- 2022 -9 August
Neiman Marcus appoints new president
Neiman Marcus Group has announced the appointment of Ryan Ross as its president, effective Aug 15 2022. Ross will report…
Read More » -
9 August
Amazon to expand offering with iRobot acquisition
Amazon has revealed its intention to acquire the consumer robot company, iRobot, after the two companies have reportedly entered into…
Read More » -
8 August
Women’s Euro and summer heatwave reduce online retail sales decline
Online retail sales growth dipped -2.3% year-on-year (YoY) in July 2022 as the Women’s Euro final and the summer heatwave…
Read More » -
8 August
Mike Ashley pursues legal claim against Morgan Stanley
Mike Ashley has reportedly launched a legal claim against Morgan Stanley, alleging the investment bank acted in “bad faith” over…
Read More » -
8 August
Amazon workers plan further strikes over 35p pay rise
Amazon workers are preparing for a further wave of strikes in British warehouses in the coming days as disagreement over…
Read More » -
8 August
Joules confirms talks to sell minority stake to Next
Joules has confirmed in a statement that Next plc has been in negotiations for several weeks for the retail giant…
Read More » -
8 August
Kontoor Brands revenue up 25% in Q2
Global lifestyle apparel company, Kontoor Brands, has seen revenue increase by 25% to $614m (£507m) in Q2, largely driven by…
Read More » -
8 August
Burberry appoints new non-executive director
Burberry Group has announced that Alan Stewart has been appointed to the board as a non-executive director and member of…
Read More » -
5 August
Asda targets 30% female store managers by 2025
Asda has announced a new diversity target of increasing the proportion of female general store managers to 30% by 2025,…
Read More » -
5 August
Tax cuts won’t solve economic crisis, says Next CEO
Simon Wolfson, the chief executive of fashion retailer Next, has claimed that inflationary pressures can only be tackled by increasing…
Read More »
