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 -19 July
90% of consumers intend to cut back spending, Grant Thornton finds
New research from Grant Thornton and Retail Economics has revealed that almost 90% of UK consumers intend to cut back…
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19 July
Grant Thorton fined £1.3m over Sports Direct audit
The Financial Reporting Council (FRC) has fined Grant Thornton UK LLP £1.3m for “serious failings” in the statutory audits of…
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19 July
Joules raises FY profit guidance as cost cuts bear fruit
Clothing and homeware brand Joules has revealed it expects FY22 adjusted profit before tax and adjusting items to be “slightly…
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19 July
In The Style profits soar 22%
In The Style Group has revealed its gross profit grew 22% to £25.2m for the year ended 31 March 2022,…
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19 July
Made.com issues FY profit warning amid ‘volatile’ trading
Made.com has issued a profit warning for FY22 as recent trading has been “volatile” amid worsening consumer confidence, which has…
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19 July
H&M Group to exit Russia
The H&M Group has announced its decision to begin winding down its business in Russia over the coming months, following…
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19 July
Dobbies partners with Waitrose on new foodhall offering
Garden centre retailer, Dobbies, has revealed a new partnership with Waitrose to provide Dobbies’ customers with Waitrose’s wide range of…
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18 July
Footfall drops as heatwave hits UK
Footfall across UK high streets are down -7.3% on last week as the country experiences a heatwave, according to Springboard.…
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18 July
Mattress Online appoints chief innovation officer
Tech-driven retailer, Mattress Online, has announced the appointment of Martin Adams as the company’s new chief innovation officer. It is…
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18 July
Fever-Tree profits ‘worsened’ by cost of headwinds
Fever-Tree has revealed that it anticipates gross margins of around 37% and an EBITDA margin of around 14% for the…
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