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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Jun- 2022 -30 June
Frasers acquires minority stake in fashion marketplace MySale
The Frasers Group has announced that it has acquired a 28.7% holding in the Australian-based fashion marketplace, MySale plc, for…
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29 June
Morrisons sales down 6.4% in Q2
Morrisons has reported that like-for-like sales were down 6.4% in Q2, improving only towards the end of the quarter as…
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29 June
Moonpig posts £51m profit for FY22
Moonpig has revealed adjusted profit before tax of £51.5m for the year end 30 April 2022, down 30.9% on its…
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29 June
Mulberry sees profits rise amid post-pandemic sales boost
Mulberry Group has reported that its revenues increased 32% to £152.4m compared with £115m in 2021, which it said reflects…
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29 June
Shop price inflation hits highest level since 2008
Shop price annual inflation increased to 3.1% in June 2022, up from 2.8% in May, marking the highest rate of…
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29 June
Poundstretcher to keep prices low despite FY22 profit warning
Discount chain Poundstretcher has warned that sales are set to drop to £277m in the year to March 2022, attributing…
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29 June
H&M Group profits surge amid high street resurgence
H&M Group has revealed its gross profits increased by 52.2% to £4.36bn in the six months to 31 May. Profits…
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29 June
B&M retains profit forecast despite Q1 revenue drop
B&M has reported its group revenues declined 2.2% year-on-year from £1.18bn to £1.15bn in the 13 week period ending 25…
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28 June
Retail footfall recovery dampened by strikes
UK footfall dropped by 3.9% last week (20 June – 26 June 2022), compared with the average of the previous…
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28 June
Dune London to launch kids footwear collection
Dune London has announced the launch of its kids’ footwear collection, which is said to be for the first time…
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