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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Sep- 2021 -24 September
Nike Q1 revenues climb 16% to £8.9bn
Nike has announced that group revenues increased 16% year-on-year to $12.2bn (£8.9bn) in Q1 FY22. The global retailer also revealed…
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24 September
Selco to open two new branches by 2022
Selco has announced plans to open two new branches in the last three months of 2021, in Canning Town next…
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24 September
In the Style warns of profit hit despite trading boost
In the Style has warned that ongoing supply chain issues could impact its profitability in the near-to-medium-term thanks to ongoing…
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23 September
French Connection receives takeover offer of £29m
French Connection has announced that it has received a buy-out offer of £29m by its second largest shareholders Apinder Singh…
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23 September
Eve Sleep on course to meet expectations as rebuild strategy takes hold
Bed and mattress retailer Eve Sleep has revealed it is on course to meet its financial expectations for the year…
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23 September
Supermarkets warn of panic-buying amid ongoing labour crisis
Leading UK supermarkets are reportedly concerned about a surge in panic-buying during the run-up to Christmas, as supermarkets continue to…
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23 September
Card retail transactions up to 81%, survey finds
Debit and credit card retail transactions surpassed four in every five pounds spent in 2020 (81%, up from 78% in…
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23 September
DFS returns to profit in FY21
Furniture retailer DFS has announced that it has returned to profitability in its latest results for the 52-week period ending…
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23 September
LVMH names Sylvain Blanc as Kenzo CEO
Moët Hennessy Louis Vuitton (LVMH) has named Sylvain Blanc as CEO at Maison Kenzo, effective 18 October, 2021. Revealed via…
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22 September
Fenwick losses widen to £112m
Department store chain, Fenwick, has revealed its losses have widened to £112m for the 52-week period ending 29 January 2021.…
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