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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Mar- 2022 -23 March
Nike Q3 revenues hit $10.9bn as traffic returns
Nike, Inc. has reported its revenues rose 5% year-on-year from $10.35bn (£7.83bn) to $10.9bn (£8.24bn) in the third quarter (Q3)…
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23 March
Battersea Power Station welcomes Zara to Electric Boulevard
Zara has been announced as the first brand to open on Electric Boulevard in Battersea Power Station. The new store…
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23 March
Morrisons drafts in advisors for McColl’s options
Morrisons has reportedly drafted in City advisers to help it weigh up options for the future of its convenience store…
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22 March
Kering appoints CEO of Alexander McQueen
Kering has announced the appointment of Gianfilippo Testa as the new chief executive officer (CEO) of Alexander McQueen, effective May…
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22 March
Asda launches employment package for Ukrainian refugees
Asda has announced it will offer Ukrainian refugees arriving in the UK a guaranteed job interview and provide specialist support…
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22 March
ScS posts a £3.6m loss amid supply chain disruptions
Home furnishings retailer ScS has reported a loss before tax of £3.6m during the 26 weeks ended 29 January 2022,…
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22 March
Weather boosts footfall across UK by 2.3%
Footfall rose by +2.3% last week from the week before across all UK retail destinations, with most of the rise…
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22 March
Kingfisher hails ‘record’ year as profits surge 20.9%
Kingfisher has reported “record” revenue and profits for the year ending 31 January 2022 as adjusted pre-tax profits surged 20.9%…
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22 March
The Hut Group appoints Charles Allen as new chair
The Hut Group (THG) has announced that Charles Allen, Lord Allen of Kensington CBE, is joining the group as an…
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21 March
Boots to pay for employees’ HRT prescriptions in new menopause package
Boots has announced that it will cover the cost of its team members’ prescriptions for those able and wanting to…
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