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 -6 January
B&M ups guidance following strong festive trading
B&M has announced it has raised its guidance for FY22 following a period of “very strong” trading in the run-up…
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6 January
Next Christmas sales beat outlook by £70m
Next has revealed that during the peak Christmas period to 25 December 2021, the retailer recorded £70m more sales than…
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5 January
Grocery sales hit £11.7bn in December
Take-home grocery sales reached £11.7bn in December alone as shoppers upped their spending to celebrate Christmas, according to the latest…
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5 January
Price rises to pick up momentum in 2022
Shop price annual inflation accelerated to 0.8% in December, up from 0.3% in November with prices set to rise in…
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5 January
M&S launches lower carbon diet initiative
Marks and Spencer is launching its Sparking Change National Challenge, inviting its 14 million customers to try a lower carbon…
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5 January
Daily testing for 100,000 key workers to be introduced
Up to 100,000 key workers in England will be required to take daily Covid tests from 10 January in a…
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5 January
Pepco Group CEO steps down due to health reasons
Poundland owner Pepco Group has announced that CEO Andy Bond will step down at the end of March due to…
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4 January
New Selfridges owners unveil hotel plans for flagship store
The new owners of Selfridges, The Central Group, reportedly plan to open a new luxury hotel and serviced apartments as…
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4 January
Retailers see New Year’s Eve footfall boost
Retailers saw a pleasant end to the year with footfall rising 5.2% on New Year’s Eve, according to the latest…
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4 January
Tesco unveils first commercial electric articulated HGVs
Tesco has launched the “UK’s first” commercially used fully electric heavy freight articulated trucks. Two new 37 tonne DAF electric…
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