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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Feb- 2018 -28 February
Maplin and Toys R Us set to go bust today
Maplin and Toys R Us are reportedly facing collapse today (28 February) after failing to secure buyers. Maplin employs 2,500 staff across its 200 stores in the UK, while Toys R Us employs 3000 staff in its 106 stores. The American owner of Toys R Us filed for bankruptcy last…
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28 February
48% of retail job candidates lie on their CV
Nearly half of retail job candidates lie on their CV, according to a recent survey. New research from job site Adzuna.co.uk found that 56% would even be prepared to tell a ‘big lie’ in order to gain their dream job. 78% of people also revealed that their lie was never…
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27 February
Marks and Spencer publishes gender pay gap figures
Marks and Spencer is the latest retailer to publish its gender pay gap figures, with a claim that its gaps were lower than both the UK and retail average. For the year of 2017, the company reported a mean pay gap of 12.3% between its male and female staff, while…
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27 February
High street banks urged to continue taking in old £10 notes to ‘save’ retailers
Retailers are continuing to hand out old £10 notes despite them ceasing to be legal tender on 1 March 2018. However, the Bank of England has not asked shops to stop giving them as change, which could cause issues as £2bn effectively becomes unspendable. The British Retail Consortium said: “It…
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27 February
Michael Law to resign as Next’s group operations director
Next has announced that group operations director Michael Law is to step down as he prepares to retire this summer. After 23 years at the company, five of which were spent on its board, the fashion retailer has announced that Law will step down from the Next board of directors…
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27 February
Maplin rescue talks falter as deadline approaches
Maplin is rushing to find new capital to save it from falling into administration, with talks with a potential buyer stalling. According to Sky News, the electronics retailer is locked in talks with its potential buyer Edinburgh Woollen Mill (EWM) – the high street empire that includes Jaeger and Dorothy…
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27 February
Hammerson Intu takeover plans still firm
Shopping centre owner Hammerson will continue with its plans to takeover rival Intu for £3.4bn. This was announced as the firm revealed that net rental income increased by 6.9% year-on-year from £346.5m to £370.4m. Hammerson showed its interest in purchasing Intu in December and has announced a new £1.5bn credit…
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26 February
Primark sales drop due to ‘unseasonably warm weather’
Sales at Primark took a hit in autumn following a spell of unseasonably warm weather, but the fashion retailer still expects profit growth to pick up this year. In the 24 weeks to March 3, Primark’s owner Associated British Foods (AB Foods) said like-for-like sales at Primark were expected to…
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26 February
Toys R Us could go bust ‘within days’, 3200 jobs at risk
Toys R Us looks set to go into administration within days, as the toy retailer faces a £15m debt. Last minute discussions with potential buyers fell through last week and it now looks likely that the retailer is set for a collapse. In a statement earlier this year, the firm…
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26 February
Leaked email reveals Philip Green ‘asked HSBC to find Arcadia buyer’
A newly leaked email suggests that Philip Green enlisted the help of HSBC to find a buyer for the Arcadia Group, despite his claims to the contrary last week. According to reports Green met with the banking giants managing director David Barraclough and UK chief executive Ian Stuart back in…
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