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 -4 March
Nike to temporarily shut all stores in Russia
Nike said on Thursday it would be temporarily closing all its stores in Russia, joining a growing group of Western…
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3 March
The Very Group announces partnership to transform ecommerce platform
The Very Group has announced plans to transform the technology behind its ecommerce platform through a new partnership with commercetools,…
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3 March
Footfall strengthens amid largest monthly rise since June
With a gap of -20.7% from the 2019 level, footfall in February strengthened marginally from January when it was -20.8%…
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3 March
H&M Group temporarily pauses all sales in Russia
H&M Group announced it has decided to temporarily pause all sales in Russia. According to the brand, its stores in…
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3 March
Amazon to shutter all bookshops and 4-star stores
Amazon is set to shutter all 68 of its bookshops, 4-star stores and Amazon pop-ups across the US and UK…
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3 March
Victoria’s Secret lowers FY22 forecast despite 25% sales surge
Victoria’s Secret and Co. has lowered its Q1 FY22 operating income forecast to be in the range of $80m (£59.78m)…
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2 March
Asos cuts ties with Russia
Asos has announced that it has made the decision to cut ties with Russia following its invasion of Ukraine last…
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2 March
UK retail prices rise to highest rate since 2011
Retail price annual inflation accelerated to 1.8% in February, up from 1.5% in January, marking the highest rate of inflation…
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2 March
Retail is the UK’s fastest growing sector, Companies House data reveals
A total of 119,948 new retail businesses were founded in 2021, with 46,972 of the businesses comprising online e-commerce start-ups…
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2 March
Hotel Chocolat profits surge 56% to £24.1m
Hotel Chocolat has revealed its profits increased 56% to £24.1m, up from £15.5m the previous year, during the 26-week period…
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