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 -15 April
The Hut Group revenues soar 42% in ‘milestone’ year
The Hut Group has announced that group revenues soared by 42% to £1.6bn in its full-year results, as the wider…
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15 April
MPs take evidence on violence against retail workers
The Home Affairs Committee opened its inquiry into violence against retail workers yesterday (14 April), with MPs taking evidence from…
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15 April
British Land eyes open-air retail parks
Property group British Land has unveiled plans to invest in more out-of-town retail parks as it capitalises on a click…
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15 April
Asda in talks with bakery staff as store ditches ‘scratch’ baking
Asda is in redundancy talks with a number of staff after deciding to close nine of its bakeries as part…
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14 April
Aldi trials ‘package-free’ products at Cumbria store
Aldi has launched a trial selling its first packaging-free products to help customers shop more sustainably at its Ulverston, Cumbria…
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14 April
Sosandar predicts 35% FY21 revenue growth to £12.2m
Sosandar, the online women’s fashion brand, expects to report a 35% year-on-year revenue rise to £12.2m for the financial year…
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14 April
LVMH Q1 revenues soar 32% to £12.1bn
Moët Hennessy Louis Vuitton (LVMH) has revealed its total revenues for the first quarter of FY 2021 rose 32% year-on-year…
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14 April
First day of reopening sees UK footfall rise 155%
The first day of reopening saw footfall in UK retail destinations rose yesterday by +155.2% from the same day last…
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14 April
Grocery sales boost retail figures in March
New research has found that grocery sales have boosted overall retail sales in March, despite many categories remaining in decline…
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14 April
Tesco profits fall 20% despite rising sales
Tesco has reported that pre-tax profits plunged 19.7% to £825m in its latest full-year results, despite UK like-for-like sales increasing…
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