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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Jun- 2022 -27 June
JD Sports opens Gateshead flagship store
JD Sports has opened its latest flagship store at Gateshead’s Metrocentre on 25 June. The store is 18,000 square feet…
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27 June
Cost of living crisis could lead to ‘mild recession’, report warns
There is a rising risk of the UK economy falling into a “mild recession” due to the cost of living…
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27 June
Asda joins retailers in rejecting online sales tax
Asda has reportedly told the government that introducing an online sales tax (OST) will harm retailers and shoppers that are…
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27 June
Cake Box sees profits surge to £15.8m
Cake Box has revealed its gross profits increased by 45% in the year up to 31 March 2022 to £15.8m.…
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27 June
Cath Kidston up for sale two years after collapse
Cath Kidston, the fashion and homeware brand, has been put up for sale two years after collapsing into administration, with…
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27 June
Investor support for Sainsbury’s real living wage mounts
A group of investors have put their support behind a shareholder resolution that could see all Sainsbury’s employees secure the…
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27 June
High street footfall plummets amid cost of living strain
High street footfall fell 25% in May against the previous month, according to RSM UK’s analysis of the latest data…
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24 June
Inflation drives disposable income to ‘lowest ever level’
Household discretionary income has fallen -17.2% in May to £41.94 a week (equivalent to £167.76 per month), marking another “record”…
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24 June
Vodafone launches support hubs as SMEs struggle to ‘stay afloat’
Vodafone has launched two new resources to support SMEs after a new report commissioned by the group highlighted how SMEs…
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24 June
Tui chief executive to step down
The chief executive of Tui, Fritz Joussen, has announced he is stepping down after almost 10 years. He will leave…
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