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 -24 March
High streets face £3bn rates rise on 1 April
Retail, leisure and hospitality businesses in England are facing a “dangerous cost of doing business crisis”, according to real estate…
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24 March
Amazon launches first ever electric HGVs for UK fleet
Amazon has unveiled five electric Heavy Goods Vehicles (HGVs) in its delivery fleet for the first ever time in the…
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24 March
Foot Locker appoints first global brands president
Foot Locker has announced the appointment of Samantha Lomow as its first global brands president, effective 18 March 2022. Lomow…
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24 March
Next hit with £85m sales loss amid Ukraine and Russia closures
Next has revealed it has lowered its sales guidance for the financial year 2022/23 to £85m, down 2% following “anticipated…
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23 March
H&M enters the Cambodian market
H&M has marked its entrance into the Cambodian market with the opening of its first store in the country. The…
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23 March
Spring Statement: Chancellor raises NI threshold to £12,570
The chancellor has outlined a series of measures to help combat the rising cost of living in his latest spring…
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23 March
Threads Styling secures $12m to further expand e-commerce offering
Threads Styling, the luxury chat-based shopping platform, has announced it has raised a $12m (£9m) fundraising round led by Highland…
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23 March
Inflation hits 30-year high at 6.2% in February
The Consumer Prices Index (CPI) rose by 6.2% in the 12 months to February 2022, up from 5.5% in January,…
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23 March
Nike Q3 revenues hit $10.9bn as traffic returns
Nike, Inc. has reported its revenues rose 5% year-on-year from $10.35bn (£7.83bn) to $10.9bn (£8.24bn) in the third quarter (Q3)…
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23 March
Battersea Power Station welcomes Zara to Electric Boulevard
Zara has been announced as the first brand to open on Electric Boulevard in Battersea Power Station. The new store…
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