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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Oct- 2021 -13 October
LVMH sees revenues up 46% to €44bn
Luxury fashion house LVMH has reported a 46% increase in group revenues for the first nine months of the year…
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13 October
Halfords appoints new CFO
Halfords has announced the appointment of Jo Hartley as its new executive director and chief financial officer (CFO). Hartley will…
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13 October
Shoe Zone revenues fall to £119m in FY21
Shoe Zone has announced that group revenue dropped slightly to £119.1m in the full-year ending 2 October 2021, down from…
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13 October
THG shares plunge by a third following investor event
THG has seen its shares plummet by around a third (34.75%) following a Capital Markets Event held by the group…
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13 October
Holland & Barrett to close stores on Boxing Day
Holland and Barrett is the latest store to announce plans to close all its stores in the UK and Ireland…
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12 October
Aldi to tackle food waste through price cuts
Aldi has announced it is introducing new price cuts on select products in a bid to reduce food waste across…
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12 October
John Lewis sees online sales surge to 70% of total sales
John Lewis has revealed it has seen a surge in online sales amid the Covid-19 pandemic with consumers changing the…
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12 October
French Connection CEO to retire as H1 losses narrow
French Connection has revealed that its chairman and chief executive Stephen Marks will retire from the company following its completion…
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12 October
Retailers plan increased store space despite business rates challenge
Mid-market retailers are set to invest in more physical stores over the next two years in a bid to increase…
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12 October
Grocery sales dip 1.2% as fuel shortage limits visits
Take-home grocery sales fell by 1.2% over the 12 weeks to 3 October 2021, as the reduced availability of petrol…
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