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 -20 July
Premier Foods sales surge to £197m
Premier Foods, a food manufacturer, has reported a sales increase of 6% to £197m over the three months to 2…
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20 July
Supermarket sales see minor rise amid rising inflation
Supermarket sales rose by 0.1% in the 12 weeks to 10 July 2022 despite grocery inflation rising another 1.6%, according…
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20 July
Amazon UK pays £648m in tax as revenues surpass £23bn
Amazon UK has revealed it paid £648m in directly incurred taxes last year as its revenues surpassed £23bn. As part…
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20 July
Waitrose customer director steps down
Waitrose customer director Martin George has stepped down after more than five years in the role. George joined Waitrose in…
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20 July
Ocado Retail CEO Melanie Smith to step down
Ocado Retail has announced that its chief executive, Melanie Smith CBE, will leave the business after three years in the…
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20 July
Inflation hits 40-year high at 9.4%
Inflation has hit a new 40-year high with consumer price inflation reaching 9.4% in June, up from 9.1% in May,…
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20 July
Matchesfashion appoints chief operating officer
Online luxury retailer, Matchesfashion, has announced the appointment of Stuart Hill as the group’s new chief operating officer. Hill joins…
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19 July
90% of consumers intend to cut back spending, Grant Thornton finds
New research from Grant Thornton and Retail Economics has revealed that almost 90% of UK consumers intend to cut back…
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19 July
Grant Thorton fined £1.3m over Sports Direct audit
The Financial Reporting Council (FRC) has fined Grant Thornton UK LLP £1.3m for “serious failings” in the statutory audits of…
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19 July
Joules raises FY profit guidance as cost cuts bear fruit
Clothing and homeware brand Joules has revealed it expects FY22 adjusted profit before tax and adjusting items to be “slightly…
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