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 -13 July
Household budgets continue to tighten amid rising inflation
Data from Barclaycard has revealed that spending on essential items increased 4.4%, which has been largely driven by a surge…
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12 July
Matchesfashion appoints new CEO
Online luxury retailer, Matchesfashion, has announced the appointment of Nick Beighton as the company’s new chief executive officer. Beighton will…
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12 July
Gap CEO steps down amid struggling sales
Gap Inc. has revealed that president and chief executive officer Sonia Syngal will step down from her position and from…
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12 July
Matalan revenues up 29% in Q1
Matalan has revealed that its total revenue for the 13 weeks to FY23 currently sits at £286.5m, which shows a…
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12 July
Joe Browns appoints new CEO
Joe Browns, the home and fashion retailer, has announced that Peter Alecock will join its board as chief executive officer.…
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12 July
Sosandar revenues jumps 142% as losses narrow in FY22
Sosandar has seen its revenues rocket 142% to £29.5m in the year ended 31 march, 2022, in what it dubbed…
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11 July
Independent retailer Scamp & Dude opens flagship store
Scamp and Dude, an independent womenswear retailer, has opened its flagship store in Marlow High Street. The 1,569 sq ft…
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11 July
Lush to further retail investment by £7.6m
Lush has revealed its plans for a retail investment increase of £7.6m, which is to be allocated to growing shops,…
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11 July
Joules appoints KPMG to help boost profitability
Outdoor fashion and lifestyle retailer Joules has appointed ‘Big Four’ accounting firm KPMG to improve its cash position in the…
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11 July
Apple’s UK stores paid only £800k in tax
Apple’s UK retail division paid only £796,000 in tax last year after it made large payouts to its employees through…
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