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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May- 2022 -6 May
Kingfisher appoints chief information officer
Kingfisher has announced the appointment of Chris Blatchford as the company’s new chief information officer (CIO). In his new role,…
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6 May
Retail M&A deal value doubles in Q1 2022
The first quarter of 2022 saw 18 deals completed across the retail sector, the second-highest quarterly level since the start…
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6 May
McColl’s collapse ‘increasingly likely’, 16,000 jobs at risk
McColl’s has warned that it is “increasingly likely” that the group will collapse into administration, in a move that could…
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5 May
Made appoints new independent non-executive director
Made.com has announced the appointment of Claire Valoti as an independent non-executive director, and she will join the company’s board…
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5 May
BoE raises interest rates to highest level since 2009
The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time…
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5 May
Zalando revenues dip despite rise in active customers
Zalando has revealed that its revenues for the period dipped 1.5% YOY to €2.2bn (£1.8bn) as it transitioned to a…
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5 May
30% of Ocado shareholders vote against £100m CEO bonus plan
Almost 30% of Ocado shareholders voted against the company’s remuneration policy that would see its chief executive Tim Steiner receive…
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5 May
Next Q1 sales surge 22% despite online hit
Next plc has reported that its full price sales surged 22% year-on-year for the 13 weeks to 30 April (Q1),…
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5 May
Consumers must brace for further price rises, BRC warns
The British Retail Consortium has warned that consumers can expect further rising prices as inflation continues to accelerate in the…
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5 May
Coca-Cola open first European flagship in London
Coca‑Cola has announced the launch of its first flagship Coca‑Cola store in London, located in Long Acre, Covent Garden. The…
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