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 -2 March
UK retail prices rise to highest rate since 2011
Retail price annual inflation accelerated to 1.8% in February, up from 1.5% in January, marking the highest rate of inflation…
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2 March
Retail is the UK’s fastest growing sector, Companies House data reveals
A total of 119,948 new retail businesses were founded in 2021, with 46,972 of the businesses comprising online e-commerce start-ups…
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2 March
Hotel Chocolat profits surge 56% to £24.1m
Hotel Chocolat has revealed its profits increased 56% to £24.1m, up from £15.5m the previous year, during the 26-week period…
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2 March
Sainsbury’s to axe 200 cafes amid new eat-in offering
Sainsbury’s has announced plans to close 200 of its cafes in the spring this year amid new plans to transform…
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1 March
Asos extends partnership with Microsoft
Asos has signed a new cloud agreement with Microsoft that will see the business continue to use the Microsoft Cloud…
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1 March
Travis Perkins profits spike 175%
Travis Perkins plc has revealed its adjusted operating profits surged 175.8% for the year ending 31 December 2021 (FY21), rising…
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1 March
Footfall rises 11% as weather improves
Footfall rose by +11.1% across all UK retail destinations last week from the week before, when it dropped by -3.8%,…
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1 March
Hugo Boss restructures creative leadership team
Hugo Boss has announced a series of changes to its creative leadership team. Ingo Wilts, chief brand officer of Hugo…
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Feb- 2022 -28 February
JD names Kath Smith as new senior independent director
JD Sports Fashion Plc, retailer of sports, fashion and outdoor brands, has announced that Kath Smith has been appointed as…
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28 February
McColl’s confirms talks with banks as it fights insolvency
McColl’s Retail Group plc is reportedly trying to secure new funding to prevent its collapse, with millions of pounds of…
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