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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Apr- 2021 -30 April
Amazon sees Q1 profits surge to $8.1bn
Amazon has revealed that net income soared to $8.1bn (£5.8bn) in its first quarter results, up from a net income…
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30 April
One in seven retail units remain vacant, says BRC
Retail vacancies in the UK have increased across all shopping destinations, according to the British Retail Consortium (BRC) and Local…
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30 April
Card Factory trading performance ‘exceeds expectations’
Card Factory has announced that its performance following the reopening of stores in England and Wales “exceeded its expectations”. The…
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29 April
CTSI warns of supermarket fake text scams
The Chartered Trading Standards Institute (CTSI) has received evidence of a text scam involving Asda and Morissons delivery messages. One…
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29 April
Westfield owner sees Q1 shopping centre turnover drop 42.8%
Unibail-Rodamco-Westfield (URW), the owner of Westfield, saw a 30.1% year-on-year decline to £313.6m for its shopping centre revenues in Q1…
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29 April
In The Style sees sales rise 130% to £44.5m
Online fashion retailer In The Style has revealed that it expects turnover for the full-year period ending 31 March 2021…
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29 April
Asos calls for new law to strengthen Modern Slavery Act
Asos has called for the implementation of a new mandatory human rights due diligence legislation in the UK in order…
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29 April
VF Corp to sell workwear brands
VF Corporation has announced it has entered into an agreement to see the occupational part of its work segment with…
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29 April
Asda to sell vintage clothing as part of sustainability commitment
Asda’s instore clothing brand George will begin selling second-hand clothing in its supermarkets as part of its ‘George for Good’…
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29 April
WH Smith launches fundraise to open 100 new travel stores
WH Smith has unveiled plans to open around 100 new travel stores after launching a £325 bond offering in convertible…
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