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 -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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7 April
Boots launches Price Advantage scheme online
Boots has extended its Price Advantage scheme by making it available to customers online, after having originally launched in stores…
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7 April
Gymshark prepares restructure of international arm, 121 jobs at risk
Sportswear retailer Gymshark is set to restructure its international business which could place up to 121 jobs at risk. According…
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7 April
Springboard warns of ‘calm before the storm’ as March footfall improves
Footfall strengthened noticeably in March to -15.3% below 2019, a bounce from -20.7% in February 2022, according to Springboard. Footfall…
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7 April
Asda distribution workers vote for strike action amid sick pay dispute
The GMB Union has announced that thousands of Asda distribution workers have begun an consultative vote on industrial action over…
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