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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Mar- 2021 -19 March
Nike global revenues up 3% as online helps offset store closures
Global sportswear giant Nike has revealed that its revenues for the third quarter of the year were $10.4bn (£7.4bn) up…
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19 March
Asda CEO Roger Burnley to step down
Asda has confirmed that CEO and president Roger Burnley will step away from the business next year, once the supermarket…
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19 March
L Brands founder steps down from board
Les Wexner, the founder of L Brands, has announced that he and his wife Abigail will not stand for re-election…
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19 March
Halfords acquires Universal Tyre and Autocentres for £15m
Halfords has announced it has reached an agreement to acquire Universal Tyre and Autocentres (Universal) for a consideration of £15m.…
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19 March
UK consumer confidence rises in March
Consumer confidence in the UK is on the rise, according to GfK’s monthly Consumer Confidence Index, as consumer confidence has…
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18 March
Wilko key workers prepare to strike amid sick pay cuts
Wilko key workers who are part of GMB union have announced they are preparing to strike after having their sick…
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18 March
Superdrug launches Missguided beauty collection
Superdrug has announced the launch of a Missguided beauty range at its stores across the UK. Debuting this week, the…
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18 March
Ralph and Russo enters administration
Ralph and Russo has announced that it has been placed into administration putting its 400 worldwide employees at risk. Last…
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18 March
Studio names new transformation director amid expansion plans
Online value retailer, Studio.co.uk has strengthened its senior team as it looks to increase its presence with the appointment of…
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18 March
Ocado revenue soars amid ‘dramatic’ shift to online
Ocado has announced that retail revenue soared by 40% in its first quarter ended 28 February 2021, amid a “dramatic…
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