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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Jul- 2022 -28 July
Unbound confirms launch of new marketplace
Unbound Group plc has confirmed the initial launch of its new multi-brand platform, as scheduled, and the further Autumn Winter…
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27 July
Music Magpie posts H1 loss amid revenue drop
Music Magpie has posted a first half loss of £0.7m, down from profits of £4m, in the six months to…
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27 July
Southern Co-Op faces legal complaint over facial recognition CCTV
Southern Co-Op is facing a legal challenge after a privacy rights group filed a complaint that its use of live…
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27 July
Amazon prime raises subscription price amid rising costs
Amazon has announced that it will increase the cost of its monthly Prime subscriptions from £7.99 to £8.99 from 15…
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27 July
JD Sports eyes former B&Q executive as CEO
The Lancashire-based sportswear retailer, JD Sports, is reportedly close to finalising the appointment of Regis Schults as the company’s new…
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27 July
THG and SoftBank abandon plans for £1.6bn investment
THG has announced the proposed £1.6bn investment for SoftBank into the company has been terminated with immediate effect. SB Management,…
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26 July
Shoezone ups profit guidance amid ‘better than expected’ trading
Shoe Zone has announced “stronger than expected” trading in its latest update detailing the figures since 29 June, with the…
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26 July
Matalan founder returns as chairman
Matalan has announced that its founder, John Hargreaves, will return to the company as chairman, effective immediately. In this role,…
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26 July
Summer heatwave and alfresco dining help lift July supermarket sales
Grocery sales at UK supermarkets surged +4.4% in the last four weeks ending 16 July, with sales rising to +5.6%…
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26 July
Wickes downgrades outlook despite strong Q2 sales
Wickes has downgraded its full-year outlook after signs of “softening” in DIY and DIFM markets in recent weeks, despite the…
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