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 -1 April
Tesco to sell £2 lateral flow tests in stores across UK
Tesco has announced it will be selling CTDA-approved lateral flow tests in its stores nationwide from 1 April. Diagnostic healthcare…
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1 April
Quiz to return to profit amid positive sales momentum
Fashion retailer Quiz has announced it anticipates FY 2022 profitability of no less than £4.3m after the group experienced positive…
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Mar- 2022 -31 March
H&M sales slow as war in Ukraine starts to dampen outlook
H&M has announced the group’s net sales have slowed to 6% in March from 23% in the first quarter due…
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31 March
Oxford Street launches sustainability awareness campaign
Oxford Street has announced its new sustainability awareness campaign, Beyond Now 2022, during April, the month that the nation comes…
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31 March
UK GDP rebounds 1.3% in Q4 FY21
The UK’ gross domestic product (GDP) is estimated to have increased by 1.3% in the fourth quarter (Q4) of 2021…
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31 March
High street footfall continues to lag behind pre-pandemic levels
Footfall levels remain 23% below pre-pandemic levels in February 2022 as rising costs are reportedly set to “batter” retailers from…
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30 March
IKEA to close Tottenham store, putting 450 roles at risk
Ikea has announced the proposed closure of its Tottenham store in Edmonton, North London, placing the jobs of 450 co-workers…
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30 March
Lululemon surpasses £6bn in revenues
Athleisure brand Lululemon has reported a “strong” FY21 performance revealing its revenues surpassed $6bn (£4.5bn) for the first time. The…
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30 March
Tesco installs EV chargers at 500 stores
Tesco has announced it has expanded its free electric vehicle (EV) charging network to 500 stores nationwide, with Inverness Extra…
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30 March
Customers to cut clothing expenditure as inflation hits 8.8%, study finds
New data from Braze confirms that people will primarily cut down on retail spending to help tackle the cost of…
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