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 -17 March
Deliveroo losses widen to £298m despite surging revenues
Deliveroo has announced a loss before income tax of £298m in comparison to £213m in 2020 during its FY21. According…
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17 March
Prada FY21 revenues spike 41% to €3.36bn
Prada S.p.A has reported its revenues increased 41% year-on-year to €3.36bn (£2.82bn) in the full year ending 31 December 2021,…
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17 March
Brunello Cucinelli acquires 43% stake in Lanificio Cariaggi
Luxury fashion retailer Brunello Cucinelli has announced that it has acquired from the Cariaggi family a 43% stake in the…
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17 March
Retail insolvencies surge 21% amid supply chain issues
Data recently released by the Insolvency Service has shown that insolvencies amongst retailers businesses have surged in the past year…
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16 March
Currys boosts hourly base rate for colleagues
Currys plc has today announced a 5.2% increase to the minimum pay rate of its hourly paid colleagues in the…
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16 March
Vestiaire Collective acquires US reseller Tradesy
Vestiaire Collective, the global online marketplace for “pre-loved fashion” has announced the acquisition of Tradesy, the US fashion reseller for…
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16 March
Inditex FY21 profits surge 199% despite Omicron impact
Inditex, the parent company of Zara, has reported its income before tax surged 199% to €4.19bn (£3.53bn) between 1 February…
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16 March
BRC calls for reform on Apprenticeship levy to create 8,000 new jobs
The British Retail Consortium (BRC) has written to the secretary of state for education calling on the government to introduce…
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16 March
Clarks appoints former New Balance lead as CEO
Clarks has appointed Jonathan Ram as its new CEO, with Ram set to join the business next month. He brings…
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16 March
Retail sales monitor shows ‘cause for optimism’, Bira says
The British Independent Retailers Association (Bira) has said there is “cause for optimism” after the recent BRC-KPMG retail sales monitor…
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