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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Mar- 2025 -18 March
Tesco announces £180m investment in staff pay
Tesco has reached an agreement with trade union USDAW that will increase the hourly pay rate for staff in stores,…
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18 March
Forever 21 files for bankruptcy in the US
Forever 21’s operating company has filed for bankruptcy protection in the US, the BBC has reported. The retailer confirmed in…
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18 March
Select Fashion nears collapse, 35 stores to close
Select Fashion is reportedly on the verge of collapse, with 35 stores set to close if it falls into liquidation.…
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18 March
Ikea to open Oxford Street store in May
Ikea has revealed that it will open the doors of its Oxford Street store on 1 May following an extensive…
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17 March
Today’s news in brief-17/3/25
Fenwick, the family-owned retailer, is facing significant financial challenges, with pre-tax losses widening to £38.1m in the year to January…
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17 March
New Look to open new concept store at Bluewater
New Look is set to relocate to a new 12,120 sq foot concept store at Bluewater. The new store will…
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17 March
Ex-Morrisons boss touted for B&M CEO role
Former Morrisons boss David Potts is reportedly among the leading candidates for the CEO role at B&M, according to The…
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17 March
Sainsbury’s CEO confident amid intensifying competition
Sainsbury’s CEO, Simon Roberts, has acknowledged the rising competition in the supermarket sector following Asda’s decision to cut prices but…
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17 March
Fenwick eyes restructuring as losses widen
Fenwick has reportedly called in restructuring professionals from AlixPartners as it looks to address its mounting losses and cost pressures,…
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17 March
Screwfix to open 35 new stores by Jan 2026
Screwfix, the omnichannel retailer, has announced plans to open up to 35 new stores across the UK and Ireland by…
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