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 -11 April
Boohoo opens its first manufacturing facility in Leicester
Boohoo Group has announced it has opened its first manufacturing facility as a ‘Centre of Excellence’. Boohoo said this comes…
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11 April
UK economic growth slows in February to 0.1%
Gross domestic product (GDP) slowed in the UK as the economy only saw 0.1% growth in February, down from a…
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11 April
Mothercare ups guidance but warns on impact of Russian closures
Mothercare has announced that EBITDA is now expected to be in the range of £11.5m to £12m for the year…
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11 April
Scotch & Soda to open London flagship store amid global expansion
Scotch and Soda has announced it will open a flagship store in London, amid a global expansion which will see…
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8 April
Tesco colleagues to see 5.8% pay rise to £10.10
Tesco has unveiled a £200m investment which will see Customer Fulfilment Centre (CFC) colleagues benefit from a 5.8% increase in…
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8 April
CD&R offers to sell petrol stations in bid to push through Morrisons deal
CD&R has offered to sell a number of its petrol forecourts in order to push through its £7bn acquisition of…
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8 April
Selfridges unveils ‘shop of the future’ concept store
Selfridges has announced its new “shop of the future” concept, ‘Supermarket’, a four-week retail experiment at The Corner Shop in…
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8 April
Frasers boosts shares in Hugo Boss
Frasers Group has announced it has recently increased its investment in Hugo Boss AG, and now has 1.5m shares of…
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8 April
Co-op profits drop 57% amid food supply disruptions
The Co-op Group has reported its underlying profits dropped 57% year-on-year in FY21 from £235m to £100m, marking a loss…
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8 April
TM Lewin lender to rescue brand from administration
An investment vehicle owned by Petra Group has reportedly reached a deal to acquire TM Lewin after it collapsed into…
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