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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Feb- 2021 -4 February
‘Robust’ online sales offset store closures at Watches of Switzerland
Watches of Switzerland has welcomed a period of strong trading in its third quarter ended 24 January 2021, with group…
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4 February
Retail footfall drops 65.6% in first full month of third lockdown
Retail footfall has declined 65.6% in January compared with a 41.9% drop in December, as the first full month of…
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4 February
JD Sports raises £464.2m to bolster acquisition plans
JD Sports has announced the completion of the placing of new ordinary shares in the business’ capital, which raised £464.2m…
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3 February
EG Group to acquire Asda’s forecourt business in £750m deal
The EG Group, part of the consortium that is set to acquire ‘Big Four’ Grocer Asda in a £6.8bn deal,…
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3 February
OnBuy January sales surge 800%
OnBuy.com, an online retail marketplace, has reported an 800% year-on-year growth in sales for the month of January. The surge…
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3 February
‘Uncontrolled conversions’ plan will ruin high street, warns BPF
The British Property Federation (BPF) has launched an appeal to combat the government’s recently proposed “uncontrolled conversions” plan, which would…
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3 February
Jeff Bezos to step down as Amazon CEO
Amazon has announced that founder Jeff Bezos will step down from his role as CEO in Q3, and instead transition…
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3 February
Buy-now-pay-later to be regulated following FCA review
Buy-now-pay-later schemes are set to face stricter regulations and controls after the Financial Conduct Authority (FCA) published a review into…
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3 February
13,000 Scottish retail jobs were lost before Covid-19, SRC reveals
13,000 Scottish retail jobs were lost between 2016-2018, a new paper by the Scottish Retail Consortium (SRC) reveals. The report…
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2 February
Footfall remains above first lockdown levels despite poor weather
Footfall across UK retail destinations rose by just +0.4% last week from the week before as poor weather deterred high…
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