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 -20 June
Asda paid £375m interest in takeover deal, accounts show
Asda reportedly paid £375.1m in interest as a result of its £6.8bn takeover deal last year according to recent accounts,…
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20 June
Waitrose sees demand for English wines reach new high
Waitrose has revealed that customer demand for English wine is at an all time high, with sales up 47% year…
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20 June
Gov outlines buy now, pay later regulation
The government has announced plans to strengthen regulation of interest-free buy now pay later (BNPL) credit agreements, which will require…
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20 June
Deliveroo appoints new chief financial officer
Deliveroo has announced that it has appointed Scilla Grimble as its new chief financial officer. Grimble, who is currently chief…
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17 June
New Look appoints new CEO
New Look has announced that Helen Connolly has been appointed as its chief executive officer. Connolly has replaced Nigel Oddy…
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17 June
Ikea to sell Russian factories as it scales down operations
Ikea has announced that it will start the process of finding new ownership for all four of its factories in…
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17 June
TDR snaps up eBay’s head of Europe
Asda owner TDR Capital has reportedly snapped up eBays head of Europe to become a partner at the firm from…
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17 June
Tesco sales fall amid changing customer behaviour
Tesco has revealed its UK sales dropped 1.5% for the 13 weeks ended 28 May 2022 (Q1) following changing customer…
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17 June
N Brown reports 2.1% fall in first quarter sales
N Brown has revealed its sales dropped 2.1% to £165.1m during the first quarter of the year. In the 13…
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17 June
Braehead announces new Flannels store opening
Braehead, the retail and leisure destination located in Glasgow and owned by property company SGS, has announced the opening of…
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