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 -5 February
Dune mulls CVA, drafts advisors for strategic review
Dune is reportedly in talks with landlords about potential rent cuts, which could lead to a CVA depending on negotiations,…
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4 February
Retail landlords charged nearly £1bn in rates on empty shops
Retail landlords have handed over almost £1bn to English Councils in business rates since the onset of the pandemic despite…
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4 February
Jigsaw sales down £31m amid pandemic
Jigsaw, a fashion clothing retailer, has reported a fall in sales of £31m for 2020 as a direct result of…
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4 February
Sainsbury’s commits to reducing greenhouse emissions
Sainsbury’s has committed to reducing greenhouse gas emissions through the use of science-based targets, with the store now hoping to…
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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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