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 -2 March
Sainsbury’s to axe 200 cafes amid new eat-in offering
Sainsbury’s has announced plans to close 200 of its cafes in the spring this year amid new plans to transform…
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1 March
Asos extends partnership with Microsoft
Asos has signed a new cloud agreement with Microsoft that will see the business continue to use the Microsoft Cloud…
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1 March
Travis Perkins profits spike 175%
Travis Perkins plc has revealed its adjusted operating profits surged 175.8% for the year ending 31 December 2021 (FY21), rising…
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1 March
Footfall rises 11% as weather improves
Footfall rose by +11.1% across all UK retail destinations last week from the week before, when it dropped by -3.8%,…
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1 March
Hugo Boss restructures creative leadership team
Hugo Boss has announced a series of changes to its creative leadership team. Ingo Wilts, chief brand officer of Hugo…
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Feb- 2022 -28 February
JD names Kath Smith as new senior independent director
JD Sports Fashion Plc, retailer of sports, fashion and outdoor brands, has announced that Kath Smith has been appointed as…
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28 February
McColl’s confirms talks with banks as it fights insolvency
McColl’s Retail Group plc is reportedly trying to secure new funding to prevent its collapse, with millions of pounds of…
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28 February
Lidl to convert all store team uniforms to Fairtrade cotton
Lidl GB has announced that it will be the first UK retailer to convert all its cotton staff uniforms to…
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28 February
Primark H1 sales surge 60%
Associated British Foods (ABF) said it expects sales and adjusted operating profit to be ahead of the pre-Covid levels that…
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28 February
Asda confirms £27.8m pay bonus for staff
Asda has confirmed that 103,000 hourly-paid store colleagues across the UK will share a £27.8m bonus pot in February’s pay…
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