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.
-
May- 2022 -6 May
McColl’s collapses into administration, 16,000 jobs at risk
McColl’s has collapsed into administration in a move that places 16,000 jobs at risk, after lenders failed to extend its…
Read More » -
6 May
Footfall drops again in April
Footfall in UK retail destinations dipped once again in April 2022, falling to -15.9%, down from a decline of -15.3%…
Read More » -
6 May
Sports Direct opens £10m Birmingham flagship
Sports Direct is opening its latest flagship store in the heart of Birmingham with a 60,000 square feet concept space…
Read More » -
6 May
Kingfisher appoints chief information officer
Kingfisher has announced the appointment of Chris Blatchford as the company’s new chief information officer (CIO). In his new role,…
Read More » -
6 May
Retail M&A deal value doubles in Q1 2022
The first quarter of 2022 saw 18 deals completed across the retail sector, the second-highest quarterly level since the start…
Read More » -
6 May
McColl’s collapse ‘increasingly likely’, 16,000 jobs at risk
McColl’s has warned that it is “increasingly likely” that the group will collapse into administration, in a move that could…
Read More » -
5 May
Made appoints new independent non-executive director
Made.com has announced the appointment of Claire Valoti as an independent non-executive director, and she will join the company’s board…
Read More » -
5 May
BoE raises interest rates to highest level since 2009
The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time…
Read More » -
5 May
Zalando revenues dip despite rise in active customers
Zalando has revealed that its revenues for the period dipped 1.5% YOY to €2.2bn (£1.8bn) as it transitioned to a…
Read More » -
5 May
30% of Ocado shareholders vote against £100m CEO bonus plan
Almost 30% of Ocado shareholders voted against the company’s remuneration policy that would see its chief executive Tim Steiner receive…
Read More »
