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 -13 October
UK Flooring Direct continues ‘rapid’ expansion
UK Flooring Direct has opened a new warehouse and offices following the continued positive performance of the business throughout lockdown. …
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13 October
French Connection revenue down by 53% during first 6 months
Revenue at fashion retailer French Connection fell by 53% in the first half of 2020, according to the latest update.…
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13 October
UK unemployment rises to 4.5%
The UK unemployment rate increased to 4.5% during the three months from July to August, the highest level in over…
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13 October
Aspinal of London to close all 10 stores
Luxury goods brand, Aspinal of London, has agreed a company voluntary arrangement (CVA) approved by its creditors, thus permanently closing…
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13 October
UK retail sales rise by 6.1% in September
Retail sales in the UK increased on a like-for-like basis by 6.1% in September from the same period last year,…
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12 October
PM unveils three-tiered lockdown system
Prime minister Boris Johnson this afternoon announced a new three-tier lockdown system that will see some hospitality businesses in the…
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12 October
Tesco criticised amid £315m six-month dividend
Tesco chairman John Allan said he will defend “to the death” the board’s decision to pay dividend after receiving a…
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12 October
Poundland acquires Fulton Foods
Poundland has announced its acquisition of Fulton Foods, the Northern frozen food retailer, as the latest part of its transformation…
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11 October
New Asda owners considering £3bn George sale
The Issa brothers, the new owners of ‘Big Four’ grocer Asda, are reportedly considering a £3bn sale of its clothing…
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9 October
Gov to cover 67% of wages for firms forced to shut
Chancellor Rishi Sunak has announced that businesses forced to shut due to local restrictions will be eligible for a grant…
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