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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Sep- 2022 -23 September
Chancellor announces sweeping tax cuts in first mini-budget
Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as…
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23 September
Revolution Beauty to undergo investigation into audit failures
Revolution Beauty has said it will undergo an audit investigation after its failure to complete its auditing quickly enough, as…
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23 September
Lidl ups pay rise to become highest paying supermarket
Lidl GB has announced plans to increase the hourly pay rate of all store and warehouse colleagues next week, representing…
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23 September
Consumer confidence plummets to record low in September
UK consumer confidence has plummeted to a record low of -49% in September, the lowest since 1974, according to the…
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22 September
BoE raises interest rates to 2.25%
The Bank of England has today (22 September) announced that interest rates will be raised by 0.5%, with rates rising…
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22 September
JD remains ‘cautious’ on trading as H1 profits slip
JD Sports has reported its pre-tax profits and exceptional items dropped 12% year-on-year in the 26 weeks ended 30 July…
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22 September
M&S unveils £15m support package for staff
Marks and Spencers has unveiled a new £15m support package to support its front-line employees during the cost-of-living crisis. This…
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22 September
Gymshark delays Regent Street flagship opening
Gymshark has pushed back the opening of its flagship Regent Street store to 29 October, citing “mitigating circumstances”, having originally…
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22 September
Co-op Food boss Jo Whitfield steps down
Co-op has announced that Matt Hood will become managing director of Co-op Food after Jo Whitfield steps down from the…
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21 September
Ocado shares drop amid HSBC downgrade
Ocado Retail Ltd shares dropped on Tuesday (20 September) after analysts at HSBC downgraded the retailer’s rating from ‘hold’ to…
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