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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Jul- 2022 -29 July
Amazon posts £1.6bn loss in Q2
Amazon has fallen to a net loss of $2.0bn (£1.6bn) in its second quarter, down from a profit of $7.8bn…
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29 July
Asos, Boohoo and Asda investigated over sustainability claims
The Competition and Markets Authority (CMA) is launching investigations into Asos, Boohoo and George at Asda to scrutinise eco-friendly and…
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29 July
Iceland warns of costs as energy bill set to double by 2023
Iceland has warned the global impact of energy prices is likely to have an impact on its performance next year.…
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28 July
Frasers Group acquires online retailer I saw It First
Frasers Group has announced the acquisition of the online fashion retailer I Saw It First for an undisclosed sum. Frasers…
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28 July
Hammerson returns to profit
Hammerson has revealed a pre-tax profit of £50m for the six months ending June 28, contrasted with a £376m loss…
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28 July
Virgin Wines revenue up 63% on pre-Covid levels
Online wine retailer, Virgin Wines, has revealed that the company’s revenue is up 63% on a three-year, pre-Covid basis, compared…
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28 July
Unbound confirms launch of new marketplace
Unbound Group plc has confirmed the initial launch of its new multi-brand platform, as scheduled, and the further Autumn Winter…
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27 July
Music Magpie posts H1 loss amid revenue drop
Music Magpie has posted a first half loss of £0.7m, down from profits of £4m, in the six months to…
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27 July
Southern Co-Op faces legal complaint over facial recognition CCTV
Southern Co-Op is facing a legal challenge after a privacy rights group filed a complaint that its use of live…
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27 July
Amazon prime raises subscription price amid rising costs
Amazon has announced that it will increase the cost of its monthly Prime subscriptions from £7.99 to £8.99 from 15…
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