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 -3 November
Retailers pessimistic heading into peak season, research finds
Over half of UK retailers are concerned about their businesses’ financial performance over the upcoming peak season against a backdrop…
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3 November
BoE raises interest rates to 3%
The Bank of England (BoE) has raised the base rate of interest to 3%, an increase of 0.75%, as it…
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3 November
Footfall gap from 2019 narrows in October to -9.8%
The gap in footfall from 2019 narrowed in October to -9.8% from -12.6% in September and -13.2% in August, according…
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3 November
Tesco wins appeal in Lidl trademark dispute
Tesco has won an appeal in court which will mean it can argue at trial that Lidl applied for trademarks…
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3 November
Clarks returns to profit in FY22 amid repositioning
Clarks has announced it has returned to profit for the year ended 29 January 2022, with pre-tax profits rising to…
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3 November
Sainsbury’s profits fall 8% in H1 after investment to tackle cost-of-living crisis
Sainsbury’s has revealed its underlying profit before tax was £340m for the 28 weeks ended 17 September, down 8% after…
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3 November
Zalando revenues rise by 2.9% in Q3
Zalando’s revenues have increased by 2.9% in its third quarter, with its adjusted EBIT increasing to €13.5m (£11.7m), up from…
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2 November
For The Creators to launch new rental subscription service with Zoa Rental
For The Creators, a fashion rental and resale platform aimed at pregnant women and new mums looking to save money…
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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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