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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Oct- 2022 -31 October
Footfall sees largest increase since Easter during half-term week
Footfall across UK retail destinations rose by 8.2% last week from the week before, a greater increase than in any…
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31 October
Harrods swings to profit in FY21
Harrods has revealed it has returned to profit for the year ending 29 January 2022 (FY21), as the group’s operating…
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31 October
Wilko increases staff pay to £10
Wilko has announced it has increased its entry level hourly rate to £10 – 50p above the national living wage.…
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31 October
Asda completes Co-op petrol station deal
Asda has completed the acquisition of 132 grocery retail sites with attached petrol stations from the Co-op for a value…
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28 October
VF Corp revises outlook as Q2 revenues fall 4%
VF Corp, the owner of brands such as Vans and North face, has revised its FY outlooks after it revealed…
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28 October
Amazon shares fall as group predicts sales slowdown
Amazon has seen its shares plummet by as much as 20% after it warned of a slowdown in sales for…
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28 October
CMA gives Morrisons green light for McColl’s takeover
Morrisons’ takeover of McColl’s is nearing completion after the Competition Markets Authority (CMA) announced it will accept the merger. The…
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28 October
Store vacancy rate falls but remains below pre-pandemic levels
In the third quarter of 2022, the overall GB vacancy rate decreased to 13.9%, a 0.1% rise from Q2 and…
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28 October
Aldi raises store assistant pay to £11 per hour
Aldi has revealed its plans to raise its starting pay for store assistants to £11 per hour nationally, and to…
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27 October
Asda to trial in-store hearing service in UK first
Asda will be the first UK supermarket to offer an in-store hearing service after announcing that it will partner with…
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