News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Oct- 2018 -25 October
Philip Green named as man facing #MeToo allegations
Retail billionaire and Arcadia Group owner Philip Green has been named in Parliament as the man facing newspaper allegations of sexual harassment. Green was named by Lord Peter Hain who said he felt a “duty” to name Green under the protection of parliamentary privilege after being contacted by someone “intimately…
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25 October
Superdry founder looks to return to board
Superdry founder, Julian Dunkerton, has said that he want to return to the company’s board “in any capacity”. Dunkerton wants to revive the company’s fortunes following financial woes which have seen its shares fall from £20 per share in January, down to £7.29 per share. The founder is still the…
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25 October
Sainsbury’s and Oasis announce new in-store partnership
Sainsbury’s and Oasis have teamed up to bring Oasis fashion ranges to customers in five Sainsbury’s supermarkets. This is the first time Oasis has made its ranges available to customers in a supermarket setting. Two Oasis concessions will be open to customers before Christmas at Sainsbury’s Sydenham in South London…
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25 October
ScS to pull concessions from House of Fraser
Furniture and floorings retail chain, ScS, has announced it will cease trading within House of Fraser stores in its trading update for the 12 weeks ending 20 October 2018. The group said due to developments with House of Fraser over the last few months, it believed the partnership was “no…
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25 October
Debenhams to close 50 stores amid record £491m loss
Debenhams has announced it will close 50 stores after reporting a record annual loss of £491.5m in the year to 1 September. The embattled department store said it will close almost a third of its 165 stores in the next three to five years leading to the loss of around…
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24 October
Sainsbury’s to sell sex toys for the first time
Sainsbury’s has announced it is to stock sex toys for the first time, the supermarket chain said the new products are being launched as a response to British people who it says are “not satisfied with their sex lives”. The supermarket carried out research as part of its ‘Living Well…
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24 October
United Colors of Benetton co-founder dies aged 77
Gilberto Benetton, one the co-founders of fashion retail chain United Colors of Benetton, has died aged 77 following a short illness. The fashion chain was founded by siblings Gilberto, Luciano, Carlo and their sister Guiliana in 1965. Benetton became well known during the 80s and 90s for its bright, colourful…
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24 October
B&M acquires French discount retailer Paminvest SAS
B&M has announced the acquisition of French firm Paminvest SAS, a discount retail group operating 95 stores under the trading name Babou. The deal was made through B&M’s subsidiary, EV Retail Limited, and totalled €91m (£80m) including the debt of the Babou refinanced by B&M. For the year ending 31…
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23 October
New West End Company issues ‘stark’ warning to government over tax-free shopping
The New West End Company (NWEC) has issued a “stark” warning to the government over tax-free shopping in a joint letter to chancellor Philip Hammond, signed by over 300 West End retailers. In the letter, the trade body warned that the UK risked a further loss of international competitiveness post-Brexit…
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23 October
Intu sees property value drop amid ‘challenging’ period for UK retailers
Shopping centre owner Intu, has revealed its property value has dropped by 3% since the 1 July amid a “period that has been particularly challenging for UK retailers”. The company, which is currently considering a £2.8bn takeover from a consortium led by investment firm owner John Whittaker, announced it…
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