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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Oct- 2020 -16 October
Poundstretcher to open 50 new stores despite CVA plans
Poundstretcher is reportedly preparing to open 50 new stores in 2021, despite CVA proposals that have resulted in 50 store…
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15 October
Uniqlo ‘will recover’ says owner Fast Retailing
Uniqlo owner Fast Retailing has announced that its profit for the fiscal year declined 49% to 90.4m yen (£663,000) down…
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15 October
London to move to Tier 2
London and Essex will face tougher Tier 2 Covid-19 restrictions from Saturday (17 October), including a ban on the mixing…
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15 October
Deloitte resigns as EG auditors amid Asda acquisition
EG Group has appointed KPMG as its auditors after Deloitte resigned from the role due to “concerns over its governance…
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15 October
AO World H1 revenues surge 57%
Online retailer AO World has reported a 57% increase in revenues for the six month period ending 30 September 2020.…
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15 October
Dunelm reports ‘very strong’ first quarter trading
Dunelm has reported “very strong’’ first quarter trading for the 13-week period ended 26 September with results coming in ahead…
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14 October
Matalan profits drops by 44% at end Q2
Profit at retail chain Matalan dropped 44% to £25.8m during the 13 week period ending 29 August as the retailer…
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14 October
Asos group sales rise nearly 20% during lockdown
Asos announced its group sales for the year rose 19% to £3.3bn from last year’s sales of £2.7bn. The online…
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14 October
Tesco to hire 11,000 temporary staff
Tesco is set to hire more than 11,000 temporary members of staff to assist its stores during the festive period.…
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14 October
Waitrose launches first dedicated overseas e-commerce site
Waitrose has launched its first dedicated overseas e-commerce site with customers in the United Arab Emirates now able to order…
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