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 -16 June
M&S appoints non-executive director
Marks and Spencer Group has announced today (16 June) that Ronan Dunne will join the board as a non-executive director…
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16 June
BoE raises interest rates to 1.25%
The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its…
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16 June
West End landlords Shaftesbury and Capco agree £5bn merger
Capital and Counties Properties PLC (Capco) and Shaftesbury have announced they have reached an agreement for an all-share merger, valuing…
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16 June
Halfords lowers FY23 profit expectations despite ‘resilient’ performance
Halfords Group plc has announced it has downgraded its profit expectations for the year despite seeing its profit before tax…
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16 June
THG rejects ‘undervalued’ takeover approaches
THG has announced it has rejected all unsolicited proposals for the company deeming them to be “unacceptable” and to “significantly…
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16 June
Boohoo announces sales drop amid cost of living crisis
Boohoo has announced that its revenues declined 8% in the first quarter of 2022, but are up 75% over the…
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16 June
Asos names new CEO and chair amid profit warning
Asos has warned of lower profits this full year due to uncertain consumer purchasing behaviour and the continuation of higher…
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15 June
Swarovski appoints first non-family CEO
Swarovski has named Alexis Nasard as the company’s first external chief executive officer (CEO), effective on 4 July. This marks…
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15 June
A&F partners with Gophr to expand same-day delivery to UK stores
Abercrombie and Fitch Co. has announced its plans to expand its same-day delivery service to the majority of its UK…
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15 June
Games Workshop profits to hit £155m in FY results
Games Workshop has announced that its profit-before-tax is set to hit £155m in the year to 29 May 2022, while…
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