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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May- 2021 -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…
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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…
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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…
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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…
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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…
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12 May
Young shoppers main drivers of high street footfall, data finds
Millenials are the primary drivers of high street footfall in the UK since non-essential retail stores in England reopened on…
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11 May
Aldi supports fishing industry with new seasonal range
Aldi has announced it will be launching a new range of seasonal fish from Thursday 13 May 2021 in a…
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11 May
OnBuy adds raft of new staff members
OnBuy has added 32 new staff members across multiple departments at the firm, as the group continues along its recruitment…
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11 May
Pret to trial stores inside Tesco supermarkets
Pret a Manger is reportedly set to trial opening stores located inside Tesco supermarkets in a bid to attract a…
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11 May
Morrisons predicts stronger profits amid sales surge
Morrison’s has predicted that net debt for the year will be no higher than pre-pandemic levels and that profit before…
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