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 -12 January
Sainsbury’s upgrades profit forecast amid strong Xmas trading
Sainsbury’s has revealed it expects to report underlying profit before tax of at least £720m in the financial year to…
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12 January
DFS expects FY22 profits to reach £85m
DFS Furniture expects to report full-year pre-tax profits of £85m after experiencing strong Christmas sales. During the twenty-six week period…
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12 January
JD Sports raises profit forecast to £875m
JD Sports Fashion Plc has raised its pre-tax profits forecast to an average £875m for the full year to 29…
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12 January
Weird Fish nearly doubles YoY revenue in 2021
UK lifestyle clothing brand Weird Fish has reported that its overall ecommerce revenue nearly doubled year-on-year as it took £21m…
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12 January
Dunelm ups guidance amid ‘record’ quarter
Dunelm has welcomed a “record” quarter of trading in recent weeks, and now expects its half-year profit to be around…
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11 January
The Very Group appoints non-executive chair
The Very Group has appointed Dirk Van den Berghe, former Walmart executive vice president and regional chief executive for Asia,…
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11 January
Wilko set to close up to 15 stores this year
Wilko is undertaking a complete review of its store portfolio and has announced proposals to close up to 15 stores…
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11 January
UK supermarket sales exceed expectations as Brits spend £7.1bn
UK shoppers spent a total of £7.1bn at UK supermarkets in the two weeks ending 25 December with weekly sales…
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11 January
Consumer spending rises 12.2% in December
Consumer card spending increased 12.2% in December compared to the same period in 2019, as Brits finished their final preparations…
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11 January
Footfall declines as workers stay away from office
Footfall declined by -6% last week across all UK destinations from the week before, but working from home continued to…
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