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.
-
Aug- 2020 -13 August
Watches of Switzerland returns to growth
Watches of Switzerland has reported that full-year revenue rose by 5.9% to £819.3m in the period ended 26 April, 2020. …
Read More » -
13 August
Morrisons appoints two new non-exec directors
Morrisons has appointed chair of Made.com, Susanne Given and Sky UK CCO, Lyssa McGowan, as non-executive directors with immediate effect.…
Read More » -
12 August
UK in recession following 20% GDP slump
The UK economy has entered into a technical recession following a “record” fall in gross domestic product (GDP) during the…
Read More » -
12 August
Mike Ashley’s Frasers Group delays results for second consecutive year
Mike Ashley’s Frasers Group has announced it is to delay the publication of its annual results for the second consecutive…
Read More » -
12 August
Asos forecasts rise as returns fall
Asos has announced that sales and profit for its full year of trading are expected to be “significantly ahead” of…
Read More » -
12 August
Thomas Rabe appointed Adidas chairman
Adidas has appointed Thomas Rabe, CEO of Bertelsmann, as chairman of the company’s supervisory board. He will succeed Igor Landau…
Read More » -
11 August
Debenhams cuts 2,500 jobs
Embattled department store chain Debenhams has cut 2,500 staff roles. The retailer said that the job cuts, believed to be…
Read More » -
11 August
Frasers Group mulls Debenhams acquisitions
Frasers Group owner Mike Ashley is reportedly looking to acquire up to 30 Debenhams stores. According to the Mail, sources…
Read More » -
11 August
New Look eyes second CVA deal
Embattled fashion retailer New Look is reportedly planning to launch a second CVA that will ask its landlords to switch…
Read More » -
11 August
Zalando sees revenues rise 20%
Online fashion retailer Zalando has reported a 19.6% increase in revenues to €3.56bn (£3.2bn) in the first half of 2020,…
Read More »
