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 -4 May
Early May bank holiday provides footfall boost
The impact of two bank holidays has led to an uplift in footfall over the last week of April, up…
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4 May
Boohoo profits sink 94% to £7.8m
Boohoo has announced its profit before tax sunk 94% to £7.8m in 2022, compared to £124.7m in 2021, according to…
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4 May
THG boss eyes plans to grow capacity to £14bn orders a year
THG boss Matthew Moulding is reportedly eyeing up plans to increase its capacity in order to handle up to £14bn…
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4 May
Morrisons’ new owner to sell 87 petrol stations to complete £7bn deal
Morrisons’ new owner, Clayton, Dubilier and Rice Holdings LLC’s (CD&R), is set to sell 87 of its petrol stations to…
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4 May
Retail Jobs Alliance demands business rates reform
An alliance of retail companies including Tesco, Sainsbury’s, Greggs and Waterstones are forging a new coalition to urge Rishi Sunak…
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4 May
Joules CEO steps down as group warns of market challenges
Joules has announced that its CEO, Nick Jones, will step down from his role during the first half of the…
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3 May
Missguided gains interest from Asos, Shein, JD Sports and Frasers Group
Online womenswear retailer Missguided is reportedly attracting interest from Asos, Shein, JD Sports, the Frasers Group and the Issa brothers…
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3 May
Ocado faces backlash over boss Tim Steiner’s £100m pay plan
Ocado faces a shareholder backlash over plans to reward boss Tim Steiner with up to £100m at a time when…
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3 May
Asda owners in talks to sell £13bn EG Group
Asda owners the Issa brothers are reportedly in talks to merge their EG petrol forecourt business with Canadian convenience store…
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3 May
Card Factory swings to profit in FY22
Card Factory plc has reported its pre-tax profits surged 167.7% to £11.1m for the year ended 31 January 2022 (FY22),…
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