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 -6 August
Hammerson seeks £825m to ride pandemic
Shopping centre owner Hammerson has announced it plans to raise £825m through fundraising and disposals as it looks to survive…
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6 August
July footfall bolstered by hospitality reopening
Footfall in retail destinations across the UK was down by 39.4% in July, according to the latest figures from Springboard.…
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6 August
Joules swings to £2m loss in full-year results
Joules has announced that it swung to a pre-tax loss of £2m in its full-year of trading, down from the…
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5 August
WH Smith to axe 1,500 roles
WH Smith has launched a collective consultation that could see around 1,500 roles across the business axed in a bid…
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5 August
River Island considering CVA as Covid-19 hits sales
Fashion retailer River Island is reportedly considering a CVA proposal as it attempts to weather the coronavirus pandemic. According to…
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5 August
Adidas extends CEO contract by five years
Adidas has announced it has extended the contract of its CEO Kasper Rorsted by a further five years. Rorsted has…
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5 August
Amazon Go to launch in UK
Amazon has reportedly struck a deal to open more than 10 Amazon Go stores across the UK, with a view…
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5 August
Sainsbury’s signs EHRC agreement
Sainsbury’s has signed a legally binding document with the Equality and Human Rights Commission (EHRC) after it was found liable…
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5 August
CMA clears Amazon’s Deliveroo investment
The Competition and Markets Authority (CMA) has approved Amazon’s 16% investment in Deliveroo, after finding that it will not “substantially…
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4 August
Dixons Carphone to axe 800 jobs
Dixons Carphone is set to axe 800 management roles in a bid to restructure and streamline the company. The Currys…
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