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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Jan- 2022 -18 January
Hut Group revenues hit ‘record’ £2.2bn in FY21
The Hut Group has seen its full-year revenues soar 91% on a two-year basis, with sales hitting a “record” £2.2bn…
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17 January
Amazon scraps upcoming Visa credit card ban
Amazon has reportedly announced it will continue to accept Visa credit cards in the UK in a bid to resolve…
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17 January
Burberry signs £300m sustainability linked loan
Burberry has refinanced its Revolving Credit Facility (RCF) to a £300m sustainability linked loan, coordinated by Lloyds Bank. The luxury…
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17 January
Asos eyes former Farfetch exec as new CEO
Asos is reportedly considering Andrew Robb, who left New York-listed Farfetch in 2020, among the candidates being considered by Asos…
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17 January
Matalan revenues reach £777.9m
Matalan has reported its total revenues increased 19% to £291.4m for the 13 weeks ending 27 November 2021 (Q3), compared…
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17 January
Lidl reports strong festive season trading
Lidl GB was the fastest growing bricks and mortar retailer for the second year running during the Christmas period, as…
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17 January
Issa brothers eye Boots takeover
The Issa brothers are reportedly eyeing a takeover of high street giant Boots, which would see the Asda owners acquire…
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17 January
Aldi reaffirms promise to spend £3.5bn with British businesses by 2025
Aldi has reaffirmed its promise to prioritise home-grown suppliers as it works towards its commitment to spend an additional £3.5bn…
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14 January
Card Factory sees recovery with online sales up 23.3% to £22.2m
The Card Factory has reported recovery to pre-Covid levels as its online sales increased 23.3% in the 11 months to…
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14 January
UK economy surpassed pre-Covid levels in November
Gross domestic product (GDP) has surpassed its pre-pandemic level for the first time as it grew by 0.9% in November…
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