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 -31 March
H&M sales slow as war in Ukraine starts to dampen outlook
H&M has announced the group’s net sales have slowed to 6% in March from 23% in the first quarter due…
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31 March
Oxford Street launches sustainability awareness campaign
Oxford Street has announced its new sustainability awareness campaign, Beyond Now 2022, during April, the month that the nation comes…
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31 March
UK GDP rebounds 1.3% in Q4 FY21
The UK’ gross domestic product (GDP) is estimated to have increased by 1.3% in the fourth quarter (Q4) of 2021…
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31 March
High street footfall continues to lag behind pre-pandemic levels
Footfall levels remain 23% below pre-pandemic levels in February 2022 as rising costs are reportedly set to “batter” retailers from…
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30 March
IKEA to close Tottenham store, putting 450 roles at risk
Ikea has announced the proposed closure of its Tottenham store in Edmonton, North London, placing the jobs of 450 co-workers…
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30 March
Lululemon surpasses £6bn in revenues
Athleisure brand Lululemon has reported a “strong” FY21 performance revealing its revenues surpassed $6bn (£4.5bn) for the first time. The…
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30 March
Tesco installs EV chargers at 500 stores
Tesco has announced it has expanded its free electric vehicle (EV) charging network to 500 stores nationwide, with Inverness Extra…
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30 March
Customers to cut clothing expenditure as inflation hits 8.8%, study finds
New data from Braze confirms that people will primarily cut down on retail spending to help tackle the cost of…
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30 March
Burberry names new senior director
British luxury Burberry Group plc has announced that Orna NíChionna has been appointed as senior independent director with effect from…
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30 March
WHSmith partners with Deliveroo in new trial
WHSmith has partnered with Deliveroo in an exclusive new trial to bring customers a new offer of around 600 WHSmith…
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