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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Apr- 2022 -22 April
Consumer confidence in freefall, says GfK
UK consumer confidence was in “freefall” during April according to the longstanding GfK Consumer Confidence Index. Its index decreased seven…
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22 April
EG to deliver 32,000 jobs globally amid foodservice expansion
EG Group has announced plans to create more than 32,000 jobs globally over a five-year period. According to the group…
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22 April
Gap CEO to lead Old Navy brand as Nancy Green departs
Gap Inc. has announced Old Navy president and CEO Nancy Green is stepping down from her role with immediate effect.…
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22 April
B&M CEO to step down after 17 years
B&M has announced that Simon Arora, the chief executive officer (CEO) and director of the company, will retire from his…
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22 April
Retail sales tumble amid cost of living crisis
Retail sales fell by 1.4% last month as consumers reduced their spending amid the cost of living crisis. This marked…
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21 April
Hugo Boss to launch premium resale platform
Hugo Boss is set to launch its premium resale platform in the third quarter of 2022 where customers can buy…
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21 April
Zoa Rental continues growth with launch of two new rental brands
Zoa Rental has announced the launch of two new female-fashion brands, DCEY and Cloan, for its Spring/Summer 22 season. Zoa…
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21 April
THG rebuffs ‘unacceptable’ takeover proposals as revenues hit £2.2bn
The Hut Group (THG) has recorded “record” revenue growth of 38.1% year-on-year from £1.6bn to £2.2bn in the full year…
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21 April
Pepco Group H1 revenues surge 17.5%
Poundland owner Pepco Group has reported first half revenues of €2.3bn (£1.9bn), up 17.5% from the previous year, and has…
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21 April
Card Factory agrees on revised £150m refinancing
Card Factory has confirmed it has completed a £150m refinancing of the group, as it continues to take action to…
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