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 -22 April
Hammerson offloads retail park portfolio for £330m
Hammerson has confirmed the sale of its portfolio of seven retail park assets to Brookfield for £330m cash proceeds, concluding…
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21 April
Ikea owner to invest £3.4bn into renewable energy
Ingka Group, the holding company which owns the majority of Ikea stores has revealed it has invested of €4bn (£3.4bn)…
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21 April
Dixons Carphone appoints sustainability director
Dixons Carphone has announced the appointment of Moira Thomas as director of sustainability and ESG at the group. In the…
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21 April
Argos to close Somerset depot, 230 jobs at risk
Around 230 jobs are reportedly at risk following the planned closure of an Argos distribution site in Bridgewater, Somerset. A…
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21 April
UK inflation rises to 0.7% in March
Rising fuel, clothing and transport helped UK inflation rise to 0.7% in the 12 months to March, up from 0.4%…
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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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