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 -23 October
ASOS appoints new CFO
Online fashion retailer ASOS has announced the appointment of Mathew Dunn to the role of chief financial officer (CFO) and to the main board of the company. Dunn will take up his roles in the spring of 2019 on a date to be announced in due course. He has held…
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22 October
Debenhams ‘could close a third of its stores’
It is rumoured Debenhams could be closing up to a third of its stores following a series of profit warnings and poor trading results. The embattled department store has 166 outlets across the UK and is reportedly looking to save £100m. The Sunday Telegraph reported that the chain would save…
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22 October
House of Fraser’s Manchester Kendal store to close
House of Fraser has confirmed the closure of its flagship Kendals department store in Manchester, after rescue talks with landlords broke down. The store located in Deansgate is expected to close in early 2019, with around 160 staff expected to lose their jobs. A spokesman for House of Fraser said:…
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22 October
C.Banner considers sale of Hamley’s
C.Banner is said to be considering the sale of Hamley’s a week after it posted a 2016 fall from £1.7m profit to £9.2m loss in 2017. Rumours began after C.Banner received approaches from potential buyers and appointed corporate finance firm Vermillion Partners to advise on a sale according to Sky…
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19 October
Westfield London named UK’s top shopping centre
Westfield London has been named the UK’s best performing shopping centre according to new research. The research by GlobalData also placed Westfield’s Stratford City in second and Bluewater in third. The shopping centres were ranked on performance (footfall, sales, turnover, dwell time), potential (shopper spending and five year forecasts), provision…
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19 October
Intu considering John Whitaker’s £2.8bn takeover bid
Shopping centre owner Intu has announced that it is considering a £2.8bn takeover bid from John Whittaker. Whittaker currently owns 27% of the company and has formed a consortium via his investment firm Peel Group, US asset manager Brookfield and Saudi Arabia’s Olayan on a possible bid for the remaining…
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19 October
Amazon to open new Manchester hub; vows to create 1000 jobs
Amazon has announced plans to open a new corporate office in Manchester in 2019 and increase the capacity of its Scotland Development Centre and Cambridge Development Centre. The new investment is part of the company’s boost to UK innovation and is set to provide additional capacity for over 1,000 new…
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18 October
Online retail sales growth slumps to lowest level in 2018
UK online retail sales experienced its lowest September growth (+7.5% YoY) since 2014 last month, according to the latest IMRG Capgemini e-Retail Sales Index. According to the new research online sales have “faltered” since England’s World Cup Exit in July and the close of the hot summer, and despite a…
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18 October
Games Workshop warns of ‘coming uncertainties’ leading to 8% share slip
Games Workshop has issued a warning of “coming uncertainties” in the rest of the 2018/19 financial year, shares in the hobby retailer fell by 8% following the news. Despite the warning, the retailer said trading between 7 September and 7 October had “continued well” according to predictions with sales and…
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18 October
Retail sector ‘to face £186.45m business rates increase next April’
Retail firms will see business rates increase by £186.45 next April for the year 2019/20, according to real estate advisor Altus Group. September’s Consumer Prices Index (CPI) measure of inflation, announced on 17 October at 2.4% will determine business rate rises in England for the next year. It is its…
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