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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May- 2022 -10 May
Cost of living crisis begins to hamper consumer spending
Spending on essential items dropped to 18.1% in April, compared to 17.4% in March, as inflation and rising living costs…
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10 May
Morrisons secures McColl’s deal saving 16,000 jobs and pensions
Alliance Property Holdings Limited, part of the Morrisons Group, has secured a rescue deal for embattled retailer McColl’s that will…
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10 May
Tesco opens up supply chains to sustainable start-ups
Tesco and WWF have launched a new accelerator programme which aims to pair start-ups with Tesco suppliers to fast-track sustainability…
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10 May
Ikea stores to receive €3bn investment by end of next year
Ingka Group is set to accelerate its expansion by investing more than €3bn (£2.57bn) in new and existing Ikea stores…
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9 May
Fastest growing funsport from the US comes to UK
Think volleyball and then think again: with four squares. CROSSNET was created by three young American entrepreneurs and is literally…
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9 May
Made.com acquires Trouva to accelerate expansion
Made.com Group Plc has announced the acquisition of Trouva to accelerate the group’s strategic priorities around choice and reach. Trouva…
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9 May
Shop owners to be forced to rent out empty premises
Shop owners in England could be forced to let out premises that have been vacant for over a year, under…
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9 May
Revolution Beauty FY22 sales soar amid Boots partnership
Revolution Beauty has welcomed a “record” Q4 in its latest full-year trading update, attributing the success to its Boots and…
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9 May
West End landlords Shaftesbury and Capco consider £3.5bn merger
The Boards of Shaftesbury PLC and Capital and Counties Properties PLC (Capco) have confirmed they are in advanced discussions regarding…
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9 May
Morrisons close to winning control of McColl’s amid last-ditch bid
Morrisons is thought to have won control of embattled retailer McColl’s after surpassing EG Group in a last ditch effort,…
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