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 -21 April
Next CEO pay rises 28% despite falling profits
Lord Simon Wolfson, chief executive at Next, saw his pay increase 28% to nearly £3.4m in FY20, despite the company…
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21 April
Mulberry launches sustainability manifesto
Luxury fashion house Mulberry has launched a new sustainability manifesto, which outlines the company’s “ambitious commitments” to transform the business…
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21 April
Asda takeover may lead to higher petrol prices, CMA warns
The Competition and Markets Authority (CMA) has raised concerns that the £6.8bn takeover of Asda could lead to higher petrol…
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21 April
Over two-thirds of consumers plan to shop locally post-Covid
Shopify has found that over two-thirds of consumers will plan to shop locally following the pandemic, as it published the…
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20 April
Search begins to find the UK’s fastest growing online retailers
One of the world’s leading Digital Operations Platforms has launched its search for the inaugural ‘Lightning 50’, a league table…
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20 April
Tesco fined £7.5m for out of date stock
Tesco has been fined over £7.5m after pleading guilty to selling food that was past its use by date across…
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20 April
Zara to open new flagship store in Cardiff shopping centre
Zara has announced that it will open a new flagship store at St David’s shopping centre in Cardiff this summer.…
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20 April
Primark to repay furlough relief despite seeing HY profits halve
The owner of Primark, Associated British Foods (ABF), has revealed that it intends to repay £121m in relief repayment, despite…
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20 April
Reopening week sees footfall jump by 87.8%
Footfall in UK retail destinations rose by 87.8% last week following the reopening of non-essential stores on Monday 12 April,…
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20 April
M&S boosts online capacity through new warehouse
M&S has announced that work has begun on its Bradford Distribution Centre, which is set to become a second online…
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