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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Aug- 2020 -18 August
M&S to axe 7,000 jobs
Marks and Spencer has announced its plan to axe 7,000 roles across the business over the next three months. It…
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17 August
Debenhams draws up contingency plans for potential liquidation
Debenhams has reportedly drawn up contingency plans in the event of a potential liquidation, as it continues to weather the…
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17 August
Mike Ashley’s Frasers Group makes £30m bid for DW Sports
Mike Ashley’s Frasers Group has reportedly made a takeover bid for former rival Dave Whelan’s DW Sports. According to the…
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17 August
Selfridges launches sustainability initiative
Selfridges has announced the launch of a “transformational” sustainability initiative entitled Project Earth. The initiative builds upon previous steps the…
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14 August
River Island set to axe 350 jobs
River Island is reportedly set to axe almost 350 store management and sales roles as it continues to weather the…
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14 August
New Look to secure £40m of funding
New Look has agreed a deal with its creditors to secure an additional £40m of funding to help ride out…
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14 August
Covid-19 outbreak strikes M&S supplier
Greencore, the factory that provides Marks and Spencer with its ready-to-eat sandwiches, has confirmed it is “proactively testing” workers after…
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14 August
Tom Singer appointed Halfords non-exec director
Halfords has announced the appointment of Tom Singer as non-executive director, with effect from 16 September. Singer previously held the…
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13 August
Topps Tiles retail revenues rise in Q4 results
Topps Tiles has reported a 15.5% year-on-year increase in retail revenues for the Q4 period ended 8 August 2020. Average…
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13 August
Very Group to return to profit as revenues pass £2bn
The Very Group has forecasted a return to profits for the FY20 as it revealed annual group revenues passed £2bn…
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