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 -8 April
Co-op profits drop 57% amid food supply disruptions
The Co-op Group has reported its underlying profits dropped 57% year-on-year in FY21 from £235m to £100m, marking a loss…
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8 April
TM Lewin lender to rescue brand from administration
An investment vehicle owned by Petra Group has reportedly reached a deal to acquire TM Lewin after it collapsed into…
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7 April
Boots launches Price Advantage scheme online
Boots has extended its Price Advantage scheme by making it available to customers online, after having originally launched in stores…
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7 April
Gymshark prepares restructure of international arm, 121 jobs at risk
Sportswear retailer Gymshark is set to restructure its international business which could place up to 121 jobs at risk. According…
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7 April
Springboard warns of ‘calm before the storm’ as March footfall improves
Footfall strengthened noticeably in March to -15.3% below 2019, a bounce from -20.7% in February 2022, according to Springboard. Footfall…
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7 April
Asda distribution workers vote for strike action amid sick pay dispute
The GMB Union has announced that thousands of Asda distribution workers have begun an consultative vote on industrial action over…
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7 April
Waitrose expands nationwide partnership with Deliveroo
Waitrose has announced it is expanding its partnership with Deliveroo by adding over 70 new Waitrose locations by the summer…
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7 April
Ikea and H&M join forces for new creative programme
Ikea and H&M have joined forces to launch a new design venture for creatives that is set to pilot in…
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6 April
Farfetch agrees Neiman Marcus partnership amid £152m investment
Farfetch Limited and the Neiman Marcus Group (NMG) have announced a global strategic partnership which will see Farfetch make a…
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6 April
M&S becomes first major high street brand to join Dotte resale
M&S Kidswear has announced it has become the first major UK high street retailer to trial the fully circular kidswear…
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