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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Dec- 2020 -11 December
No-Deal Brexit could see UK face £3bn tariff ‘bombshell’
The British Retail Consortium (BRC) has warned that UK supermarkets and their customers could face a £3.1bn tariff “bombshell” on…
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11 December
McColl’s revenue tops £1.25bn despite store closures
McColl’s revenue has increased by 2.3% to £1.25bn this year in light of “strong demand” during the pandemic, according to…
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10 December
Global retail industry deals total $26.98bn in Q3
Total retail industry deals for Q3 2020 worth $26.98bn (£20.2bn) were announced globally, according to the latest figures from GlobalData’s…
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10 December
Tesco warns of Brexit impact on food and prices
Tesco has warned that shoppers could face temporary shortages on fresh produce and higher prices if the UK fails to…
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10 December
Ocado revenue soars following M&S partnership
Ocado Retail has announced that revenue soared by 35% in the 13 weeks to 29 November 2020, driven by a…
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10 December
Frasers Group reports 30% rise in half-year profits
Frasers Group has reported a 29.1% surge in after-tax profit to £84m in the 26 weeks to 25 October. The…
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9 December
Co-op launches partnership with Deliveroo
Co-op has launched a new partnership with Deliveroo and fresh fruit and veg suppliers Sheringhams to help provide 20,000 meals…
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9 December
CMA launches inquiry into Issa Bros’ Asda takeover
The CMA has announced the launch of a phase 1 inquiry into the Issa Brothers’ £6.8bn takeover of Asda. It…
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9 December
UK sees grocery boom as shoppers hit stores early
Grocery sales rose by 11.3% in the 12 weeks ended 29 November 2020, the fastest rate of growth since August,…
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9 December
Tesco confirms sale of its Asian businesses
Tesco has confirmed the sale of its businesses in Thailand and Malaysia, following a review of the transaction. Back in…
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