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 -1 April
Boots UK sees Q2 profits fall 9.2% as sales drop by almost a fifth
Boots UK has revealed that gross profits decreased 9.2% for the second fiscal quarter ended 28 February reflecting lower retail…
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1 April
VF Corp shuffles EMEA leadership team
VF Corporation, the parent company of retail brands such as Vans, Timberland and North Face, has revealed several new appointments…
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1 April
Next raises guidance despite seeing profits halve
Next has increased its forecasted profits for 2022 by £30m, despite seeing its profit before tax falling 53% year-on-year to…
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1 April
IB Group expands Vimto partnership
IB Group has announced it is expanding its partnership with Vimto, the UK sweet brand. The UK’s largest confectionery distributor…
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Mar- 2021 -31 March
Co-op’s Matt Atkinson to step down
The Co-op has announced that Matt Atkinson is stepping down from his role as chief customer and membership officer at…
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31 March
H&M swings to £92m pre-tax loss in Q1
H&M has announced it has swung to a pre-tax loss of SEK 1.1bn (£92m) in its first quarter trading update…
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31 March
Retail leaders call for ‘Shop Out to Help Out’ scheme
The Save the Street campaign, supported by the British Fashion Council and retail expert Mary Portas, is calling for the…
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31 March
Carpetright owner acquires Carpet and Flooring
Nestware Holdings Limited (NHL) has announced it has acquired Carpet and Flooring (C&F) for an undisclosed sum. NFL, which is…
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31 March
Chairman of Eve Sleep to step down
Paul Pindar, the chairman of Eve Sleep, has announced his decision to step down from the role. Pindar, who has…
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31 March
Asda ends George sale rumours
Asda has reportedly revealed that it will not sell off its George clothing division, as it instead intends to invest…
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