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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Oct- 2021 -21 October
Supermarkets urged to set targets on plant-based food sales, says TFF
The Food Foundation (TFF) has announced the urgency with which food businesses need to start transparently reporting on plant-based foods.…
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20 October
Matalan revenues up 2.6% despite supply chain issues
Matalan has revealed its revenues increased by 2.6% to £264.7m during the 13-week period ending 28 August 2021. The retailer…
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20 October
UK Inflation falls to 3.1% despite rising fuel costs
UK inflation fell slightly in September to 3.1% despite rising fuel costs, according to the latest figures from the Office…
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20 October
Asda announces Christmas recruitment drive
Asda has announced it is recruiting 15,000 temporary colleagues for the festive season, and has confirmed the dates its festive…
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20 October
Burberry appoints new CEO
Burberry has announced the appointment of Jonathan Akeroyd as its newest CEO and executive director, effective 1 April 2022. He…
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20 October
Morrisons shareholders give £7bn takeover green light
Morrisons has confirmed that its shareholders have approved its £7bn takeover by CD&R Bidco in a meeting held this week. …
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19 October
IKEA UK joins sustainability partnership
IKEA UK has announced a new partnership with climate solutions charity, Ashden, for the ‘Let’s Go Zero initiative’, a coalition…
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19 October
Very Group reports record revenues of £1.87bn
The Very Group has revealed its saw sales surge 24.9% for the 52-week period ending 30 June 2021, driving revenues…
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19 October
EG Group backs out of £750m Asda forecourt business deal
The owners of EG Group, who bought out Asda in a £6.8bn takeover, have revealed that they will no longer…
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19 October
Rising energy and fuel costs hits supermarket sales
Total Till grocery sales slowed to -0.7% in the last four weeks ending 9 October 2021, as UK shoppers begin…
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