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 -5 July
Customer complaints costing UK retail more than £9bn
Customer complaints have reached an all-time high which has cost businesses more than £9.24bn a month in staff hours, according…
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5 July
Over one in five SMEs unable to access external finance, research finds
New research commissioned by Manx Financial Group has revealed that more than one in five (22%) small and medium sized…
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5 July
Sainsbury’s sales fall as CEO warns pressure on budgets set to intensify
Sainsbury’s has revealed its first quarter like-for-like sales for the 16 weeks to 25 June 2022 fell 4% YOY as…
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5 July
Seasalt abandons sale plans
Fashion chain Seasalt has abandoned plans to find a buyer, despite reportedly being close to agreeing a deal with Next,…
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5 July
Wickes and iSite partner to launch shoppable digital content
Wickes has partnered with iSite to launch a “unique” new home improvement space with over 130 online shoppable videos. The…
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5 July
Quiz returns to profit as revenues soar 97%
Quiz has welcomed a return to profitability in its full-year results as group revenue soared 97% year-on-year, with trade largely…
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5 July
Tesco launches £150m share buyback programme
Tesco has announced it has entered into an arrangement with HSBC Bank plc to repurchase shares on behalf of the…
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5 July
B&M welcomes Mike Schmidt as CFO
Budget retailer B&M has announced the appointment of Mike Schmidt as executive director and chief financial officer (CFO) of the…
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5 July
The Very Group appoints CEO
The Very Group has appointed Lionel Desclée, the former president and CEO of Walmart Japan, as group CEO, effective 19…
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4 July
Grafton Group CEO to step down
Grafton Group plc has announced that Gavin Slark has informed the board of his intention to step down as chief…
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