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 -27 July
JD Sports eyes former B&Q executive as CEO
The Lancashire-based sportswear retailer, JD Sports, is reportedly close to finalising the appointment of Regis Schults as the company’s new…
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27 July
THG and SoftBank abandon plans for £1.6bn investment
THG has announced the proposed £1.6bn investment for SoftBank into the company has been terminated with immediate effect. SB Management,…
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26 July
Shoezone ups profit guidance amid ‘better than expected’ trading
Shoe Zone has announced “stronger than expected” trading in its latest update detailing the figures since 29 June, with the…
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26 July
Matalan founder returns as chairman
Matalan has announced that its founder, John Hargreaves, will return to the company as chairman, effective immediately. In this role,…
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26 July
Summer heatwave and alfresco dining help lift July supermarket sales
Grocery sales at UK supermarkets surged +4.4% in the last four weeks ending 16 July, with sales rising to +5.6%…
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26 July
Wickes downgrades outlook despite strong Q2 sales
Wickes has downgraded its full-year outlook after signs of “softening” in DIY and DIFM markets in recent weeks, despite the…
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26 July
The Very Group poaches Metro Bank CMO
The Very Group has appointed Jessica Myers as its new chief marketing officer (CMO), who assumes the role on 3…
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26 July
Swiss investment firm acquires Henri-Lloyd
Odlo International AG, a Swiss performance brand in Monte Rosa Capital’s portfolio, has announced the acquisition of Henri-Lloyd, the 60-year-old…
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25 July
Co-op to axe 400 office jobs amid ‘tough’ trading environment
The Cooperative Group (Co-op) has announced that it will make 400 roles redundant at its head office in Manchester, amid…
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25 July
Retail accounts for 10% of UK administrations in 2022, study finds
The retail sector accounted for 10% of administrations in the first six months of the year – the third highest…
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