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 -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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11 May
Hotel Chocolat reports Easter revenue boost
Hotel Chocolat has reported a year-on-year revenue increase of 60% over the eight weeks to 25 April, attributed to the…
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11 May
Joules raises full-year guidance amid ‘encouraging’ trading
Joules has announced it has raised both its revenue and pre-tax profit guidance after being “encouraged” by recent momentum across…
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11 May
THG announces $1bn capital raising
The Hut Group (THG) has announced a capital raising of roughly $1bn (£708m) to support the continuation of the group’s…
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10 May
PM confirms further easing of restrictions from 17 May
Prime minister Boris Johnson has confirmed that indoor hospitality can return next week as the government moves ahead with the…
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10 May
JTF Central eyes 50-shop UK portfolio
Discount retail chain JTF Central is set to open 50 high street sites across the UK, following its upcoming debut…
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10 May
UK retail footfall drops 4.1% amid poor weather
Footfall across UK retail destinations declined by 4.1% last week from the week prior, which was attributed to the impact…
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10 May
Ikea eyes Topshop’s former Oxford Street flagship
Ikea has reportedly held advanced talks to take over the former Topshop flagship store Oxford Street as part of a…
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10 May
Greggs sales recover to near pre-pandemic levels
Greggs saw its two-year like-for-like (LFL) sales close the gap to just a 3.9% decline for the eight weeks to…
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10 May
Travis Perkins accelerates employee mental wellbeing initiatives
Travis Perkins has revealed that it has accelerated its commitment to ensure there are six times more mental health first…
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