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.
-
May- 2021 -13 May
Burberry FY21 revenues decline 10%
Burberry saw its revenue for the 12 months to 27 March 2021 decline 10% year-on-year at CER to £2.34bn. The…
Read More » -
13 May
Retail sales up by 7.3% in April after reopening
Retail sales increased substantially between 4 April and 1 May 2021, around the time non-essential retail was allowed to reopen,…
Read More » -
13 May
Sainsbury’s partners with Carluccio’s on trial in-store concepts
Sainsbury’s has announced that it will be partnering with Carluccio’s to test out three new in-store concepts which will open…
Read More » -
13 May
Online sales in April ‘impressive’ despite high street reopening
Online retail sales have continued to grow in April, rising 10.2% year-on-year, despite the reopening of the high street and…
Read More » -
12 May
Lidl commits to sustainability with creation of carbon-neutral cheddar
Lidl has announced that, alongside Wyke Farms, it will create a carbon-neutral Cheddar by the end of 2021. This news…
Read More » -
12 May
Vinted completes €250m fundraising round
Vinted, the C2C second-hand fashion platform, has completed a €250m (£214m) series F fundraising round at a pre-money valuation of…
Read More » -
12 May
UK economy shrinks 1.5% in Q1 despite signs of recovery
The UK economy shrank by 1.5% during the first three months of the year due to the impact of the…
Read More » -
12 May
Retail businesses started in 2020 to create 5,500 jobs
Retail businesses started in 2020 are set to create thousands of jobs in the coming years, as one-in-four retail business…
Read More » -
12 May
Retailers almost halve carbon reduction targets
UK Retailers have almost halved their 2020 carbon reduction targets according to the latest data from the British Retail Consortium…
Read More » -
12 May
Angling Direct FY21 revenues soar 27.1%
Angling Direct, the fishing tackle and equipment retailer, saw group revenue spike 27.1% year-on-year to £67.6m in FY21. The firm’s…
Read More »
