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.
-
Jan- 2022 -18 January
Footfall rise shows first signs of return to office
Footfall across UK retail destinations rose by 1.5% last week from the week before, according to Springboard. High streets were…
Read More » -
18 January
ASOS set to boost UK economy by £3.8bn
Asos’ UK GDP contribution will increase by £2bn to £3.8bn in the next three to four years, with plans to…
Read More » -
18 January
Hut Group revenues hit ‘record’ £2.2bn in FY21
The Hut Group has seen its full-year revenues soar 91% on a two-year basis, with sales hitting a “record” £2.2bn…
Read More » -
17 January
Amazon scraps upcoming Visa credit card ban
Amazon has reportedly announced it will continue to accept Visa credit cards in the UK in a bid to resolve…
Read More » -
17 January
Burberry signs £300m sustainability linked loan
Burberry has refinanced its Revolving Credit Facility (RCF) to a £300m sustainability linked loan, coordinated by Lloyds Bank. The luxury…
Read More » -
17 January
Asos eyes former Farfetch exec as new CEO
Asos is reportedly considering Andrew Robb, who left New York-listed Farfetch in 2020, among the candidates being considered by Asos…
Read More » -
17 January
Matalan revenues reach £777.9m
Matalan has reported its total revenues increased 19% to £291.4m for the 13 weeks ending 27 November 2021 (Q3), compared…
Read More » -
17 January
Lidl reports strong festive season trading
Lidl GB was the fastest growing bricks and mortar retailer for the second year running during the Christmas period, as…
Read More » -
17 January
Issa brothers eye Boots takeover
The Issa brothers are reportedly eyeing a takeover of high street giant Boots, which would see the Asda owners acquire…
Read More » -
17 January
Aldi reaffirms promise to spend £3.5bn with British businesses by 2025
Aldi has reaffirmed its promise to prioritise home-grown suppliers as it works towards its commitment to spend an additional £3.5bn…
Read More »
