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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Jan- 2022 -28 January
Store vacancy rate improves for first time since 2018
New research has found the number of vacant stores has decreased for the first time since 2018, according to the…
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28 January
Apple hails ‘record’ Q1 revenues of £92.69bn
Apple has reported a revenue record of $123.9bn (£92.69bn) for the first quarter ending December 25 2021 (Q1), rising 11%…
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28 January
H&M aims to double sales by 2030 as FY21 profit soars
H&M Group has announced that profit after financial items increased almost sevenfold in its latest full-year results, rising to SEK14.3bn…
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28 January
83% of shoppers concerned about environmental impact of online shopping
Some 83% of consumers across all demographics are “concerned” about the environmental impact of online shopping, according to a survey…
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28 January
Wayfair names Fiona Tan as new CTO
Wayfair has announced the appointment of Fiona Tan as chief technology officer (CTO). Tan will succeed Jim Miller on 1…
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27 January
The Midcounties Co-Operative appoints new head of property
The Midcounties Co-operative has appointed Kathryn Lyddon as head of property as it embarks on a “significant” investment programme for…
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27 January
Ocado unveils new suite of ‘game changing innovations’
The Ocado Group has announced a new suite of “game-changing” innovations for its proprietary Ocado Smart Platform (OSP) to help…
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27 January
Two in three consumers abandon orders in absence of return policy
Two in three consumers admitted to abandoning their online orders when there is no return policy available, according to research…
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27 January
Dr Martens Q3 revenues hit £307m
Dr Martens has reported revenue growth of 11% to £307m for the three months ending 31 December 2021 (Q3 FY22),…
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27 January
Busby & Fox partners with Brightpearl
Clothing brand Busby and Fox has signed up with omnichannel retail system Brightpearl. The Devon-based company will now utilise Brightpearl’s…
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