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.
-
Sep- 2020 -21 September
Government launches £95m recovery fund for high street
A new £95m government-funded scheme will support 68 “historic” high streets in England to recover from “declining footfall” and the…
Read More » -
21 September
Philip Day considering sale of Peacocks and EWM
Retail tycoon Philip Day is reportedly considering the sale of his retail chains Peacocks and Edinburgh Woollen Mill (EWM) and…
Read More » -
21 September
Aldo UK sold to BIG
Aldo UK confirmed it has been sold to the Bushnell Investment Group (BIG). Administrators from accountancy firm RSM were appointed…
Read More » -
21 September
Superdry swings to £42m loss in full-year results
Superdry announced it has swung to a pre-tax loss of £41.8m in the full-year ended 25 April, 2020, with underlying…
Read More » -
18 September
Westfield owner announces £8.1bn ‘reset’ plan
Westfield owner Unibail-Rodamco Westfield (URW) has announced an €9bn (£8.1bn) ‘reset’ plan which will see it attempt to raise £3.2bn…
Read More » -
18 September
Mayor of London urges government to extend business rates holiday
The mayor of London, Sadiq Khan, and London Councils have joined together to urge the Government to extend the business…
Read More » -
18 September
LVMH set to block Tiffany’s court petition
LVMH has announced it plans to block a court petition launched by jewellery company Tiffany & Co, who is attempting…
Read More » -
18 September
UK retail sales rise for fourth consecutive month
August saw retail sales volumes increase by 0.8% when compared with July, marking the fourth consecutive month of growth. According…
Read More » -
17 September
John Lewis scraps staff bonus amid £635m pre-tax loss
Department store chain John Lewis Partnership has slashed its staff bonus for the first time since 1953, aftering reporting a…
Read More » -
17 September
Co-op H1 sales surge 8.8% but profits dented by Covid costs
Grocery chain Co-op saw has revealed that like-for-like sales for the six months of the year increased by 8.8% as…
Read More »
