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 -5 July
Sainsbury’s sales fall as CEO warns pressure on budgets set to intensify
Sainsbury’s has revealed its first quarter like-for-like sales for the 16 weeks to 25 June 2022 fell 4% YOY as…
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5 July
Seasalt abandons sale plans
Fashion chain Seasalt has abandoned plans to find a buyer, despite reportedly being close to agreeing a deal with Next,…
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5 July
Wickes and iSite partner to launch shoppable digital content
Wickes has partnered with iSite to launch a “unique” new home improvement space with over 130 online shoppable videos. The…
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5 July
Quiz returns to profit as revenues soar 97%
Quiz has welcomed a return to profitability in its full-year results as group revenue soared 97% year-on-year, with trade largely…
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5 July
Tesco launches £150m share buyback programme
Tesco has announced it has entered into an arrangement with HSBC Bank plc to repurchase shares on behalf of the…
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5 July
B&M welcomes Mike Schmidt as CFO
Budget retailer B&M has announced the appointment of Mike Schmidt as executive director and chief financial officer (CFO) of the…
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5 July
The Very Group appoints CEO
The Very Group has appointed Lionel Desclée, the former president and CEO of Walmart Japan, as group CEO, effective 19…
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4 July
Grafton Group CEO to step down
Grafton Group plc has announced that Gavin Slark has informed the board of his intention to step down as chief…
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4 July
St. Eval receives Queen’s Award from Lord Lieutenant of Cornwall at factory opening
St. Eval’s Queen’s Award for Enterprise in Sustainable Development was conferred upon the team at this factory opening, presided over…
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4 July
Cost of living crisis will not curtail Brits summer spending, M&S finds
The cost of a living crisis is not dampening UK consumers’ desires to make the most of this summer, according…
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