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 -4 August
John Lewis launches supplier framework
John Lewis and Partners has announced the launch of a supplier engagement programme entitled ‘Better Jobs’ to all of its…
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3 August
Apple seeking 50% rent cuts despite positive Covid performance
Tech giant Apple is reportedly seeking rent reductions of up to 50% from landlords despite seeing sales actually increase during…
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3 August
Hobbycraft reports 200% increase in online sales amid lockdown
Hobbycraft has reported a 200% increase in like-for-like online sales in its FY results as it appears to have weathered…
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3 August
Hammerson taps investors for cash
Hammerson has confirmed that it is holding advanced discussions regarding a possible disposal of a stake in a European arm…
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Jul- 2020 -31 July
TUI to shutter 166 stores
TUI is set to close 166 high street stores in the UK and Ireland as it “adapts to changes in…
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31 July
Amazon profits double despite Covid-19 impact
Amazon has reported a massive surge in profits for the second quarter of the year as it revealed that net…
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31 July
Pets at Home sales stabilise in quarterly results
Pets at Home has announced that total group revenue fell by 1% in the quarter ended 16 July, while like-for-like…
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31 July
ScS reports ‘strong’ growth in lockdown-sales
Furniture retailer ScS has said trading has been “very strong” both in-store and online, since the reopening of its stores…
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30 July
Game sells Belong arenas to Vindex in $50m deal
Mike Ashley’s Game Digital has revealed it is set to sell its Beyond Esports gaming arenas to US-based start-up Vindex…
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30 July
Westfield rental income slumps in H1 results
Westfield owner, Unibail-Rodamco-Westfield (URW), has reported a 14.2% slump in net rental income to €1bn (£904m) in its half-year trading…
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