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 -19 July
In The Style profits soar 22%
In The Style Group has revealed its gross profit grew 22% to £25.2m for the year ended 31 March 2022,…
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19 July
Made.com issues FY profit warning amid ‘volatile’ trading
Made.com has issued a profit warning for FY22 as recent trading has been “volatile” amid worsening consumer confidence, which has…
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19 July
H&M Group to exit Russia
The H&M Group has announced its decision to begin winding down its business in Russia over the coming months, following…
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19 July
Dobbies partners with Waitrose on new foodhall offering
Garden centre retailer, Dobbies, has revealed a new partnership with Waitrose to provide Dobbies’ customers with Waitrose’s wide range of…
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18 July
Footfall drops as heatwave hits UK
Footfall across UK high streets are down -7.3% on last week as the country experiences a heatwave, according to Springboard.…
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18 July
Mattress Online appoints chief innovation officer
Tech-driven retailer, Mattress Online, has announced the appointment of Martin Adams as the company’s new chief innovation officer. It is…
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18 July
Fever-Tree profits ‘worsened’ by cost of headwinds
Fever-Tree has revealed that it anticipates gross margins of around 37% and an EBITDA margin of around 14% for the…
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18 July
Profit warnings surge 66% in H1 FY22
The number of profit warnings issued by UK-listed companies in the first six months of 2022 has increased 66% year-on-year,…
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18 July
Deliveroo lowers FY22 guidance amid consumer headwinds
Deliveroo has lowered its gross transaction value (GTV) guidance for FY22 from 15–25% to 4–12% due to a “more cautious”…
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18 July
Co-op and Starship Technologies expand robot delivery service
Co-op and Starship Technologies have partnered with North Northamptonshire Council to roll-out autonomous grocery delivery to local residents across Wellingborough,…
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