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 -13 September
Sainsbury’s set to acquire 13 sites from property investment firm
Sainsbury’s is set to acquire the freehold of 13 stores it currently leases from property investment firm Supermarket Income Reit.…
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13 September
Columbia Sportswear appoints new Mountain Hardwear president
Columbia Sportswear Company has announced the appointment of Troy Sicotte as president of its Mountain Hardwear brand. Sicotte previously served…
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13 September
Primark Q4 operating profits to beat expectations despite sales fall
Associated British Foods (AB Foods) has announced that Primark will beat its Q4 FY21 adjusted operating profit expectations, as the…
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10 September
Asda to hire 150 greengrocers amid £9m fresh produce investment
Asda has announced the appointment of 150 in-store greengrocers as a part of a £9m investment to extend its fresh…
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10 September
UK economic growth slows, ONS reveals
UK economic growth slowed down in July, growing by 0.1% compared with 1% in June 2021, according to the latest…
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10 September
Tod’s sees profits reach €65m in H1
Tod’s, the shoewear company, has reported an EBITDA of €65m (£55m), with a 16.3% margin on sales in the first…
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10 September
Asda owners mull £10.8bn EG Group sale
TDR Capital and the Issa brothers, the new owners of Asda, are reportedly considering their options – including a possible…
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10 September
Lululemon Q2 net revenues top £1bn
Lululemon Athletica, the multinational athletic apparel retailer, has revealed its net revenues soared 61% year-on-year to $1.45bn (£1.04bn) in Q2…
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9 September
Costa Coffee to increase staff pay by 5%
Costa Coffee has announced that all 14,500 of its store team members in UK company-owned stores will receive a 5%…
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9 September
JD Sports adds Bert Hoyt as non-exec director
JD Sports Fashion has announced the appointment of Bert Hoyt as a non-executive director at the group, effective 8 September…
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