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 -20 October
Burberry appoints new CEO
Burberry has announced the appointment of Jonathan Akeroyd as its newest CEO and executive director, effective 1 April 2022. He…
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20 October
Morrisons shareholders give £7bn takeover green light
Morrisons has confirmed that its shareholders have approved its £7bn takeover by CD&R Bidco in a meeting held this week. …
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19 October
IKEA UK joins sustainability partnership
IKEA UK has announced a new partnership with climate solutions charity, Ashden, for the ‘Let’s Go Zero initiative’, a coalition…
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19 October
Very Group reports record revenues of £1.87bn
The Very Group has revealed its saw sales surge 24.9% for the 52-week period ending 30 June 2021, driving revenues…
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19 October
EG Group backs out of £750m Asda forecourt business deal
The owners of EG Group, who bought out Asda in a £6.8bn takeover, have revealed that they will no longer…
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19 October
Rising energy and fuel costs hits supermarket sales
Total Till grocery sales slowed to -0.7% in the last four weeks ending 9 October 2021, as UK shoppers begin…
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19 October
UK footfall return remains steady
Footfall across UK retail destinations declined marginally by -0.7% last week from the week before, according to Springboard. UK footfall…
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19 October
Tesco opens first checkout-free store
Tesco has opened its first ever checkout-free store in London, as part of a trial that will see customers shop…
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19 October
Welsh brand Au Vodka tops list of UK’s fastest growing online companies
A world-leading Retail Operating System has curated a list of the 50 fastest growing e-commerce brands of the ‘pandemic era’,…
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19 October
Au Vodka reveals gold standard for success after being crowned Winner in Brightpearl’s Lightning 50
Key facts Lightning 50 Overall Winner, plus Regional Winner in Wales and Winner in the Luxury Sector 10,000% YoY growth…
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