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 -22 June
Footfall drops as strikes take action
Footfall across all UK high streets is down -8.5% compared to last week, as workers stay at home due to…
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22 June
JD Sports profits double to £947m in FY22
JD Sports has recorded a “record” pre-tax profit of £947.2m in FY22, more than double the previous record set in…
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22 June
Inflation hits 40-year high in May
Inflation reached a 40-year high in May 2022 as the Consumer Price Index hit 9.1%, up from the 9% reported…
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21 June
Savoir Beds announces new managing director
Savoir Beds has announced the appointment of Nicholas Alexandre as its new managing director, effective June 2022. Alexandre will succeed…
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21 June
The Midcounties Co-operative appoints new CFO
The Midcounties Co-operative has announced the appointment of Peter Kelly as its new chief financial officer (CFO), replacing Peter Dubois…
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21 June
Gymshark appoints new vice president of marketing
Gymshark, the fitness community and apparel brand, has announced Carly O’Brien as its new vice president of marketing. O’Brien joins…
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21 June
Hearing Direct launches holistic audiology service
Hearing Direct, an online authority in hearing solutions and support, has launched a new service, HDcare, in response to a…
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21 June
Quarter of UK retailers four weeks from collapse, survey finds
More than a quarter of UK retailers are just four weeks away from going bust due to supply chain issues,…
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21 June
Ocado taps investors for £575m amid tech expansion
Ocado Group plc, the online grocery platform, is set to raise £575m of new ordinary shares of 2 pence per…
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21 June
Rail strikes represent ‘another blow’ for Scottish wholesalers
National rail strikes this week are set to represent ‘another blow’ for Scotland’s retailers and wholesalers. Nearly 90% of ScotRail…
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