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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Jul- 2020 -2 July
Primark welcomes ‘encouraging’ trade after sales slump
Primark sales plunged by 75% to £582m in its third quarter of trading, while its year-to-date sales fell by 27%…
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1 July
Harrods to cut 700 jobs
Luxury department store Harrods is set to cut around 700 jobs as it attempts to weather the storm caused by…
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1 July
John Lewis set to axe stores and jobs
Department store chain John Lewis is reportedly set to cut jobs in a bid to reduce its costs. In a…
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1 July
Harveys collapses into administration as Bensons saved
Furniture retailer Harveys has collapsed into administration after the retailer’s parent company, Blue Group, called in PwC to financially restructure…
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1 July
B&M reports ‘strong’ performance as revenue rises over 25%
Budget retailer B&M has reported a “strong” start to the financial year as it saw a 27.7% increase in group…
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1 July
Sainsbury’s sales boosted by online growth
Sainsbury’s has welcomed a “particularly strong” online performance in its first quarter of trading, as online sales more than doubled,…
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1 July
Kingfisher appoints ex-Travis Perkins CFO as non-executive director
Kingfisher has announced the appointment of former Travis Perkins CFO, Tony Buffin, as a non-executive director with effect from 1…
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Jun- 2020 -30 June
TM Lewin collapses into administration
TM Lewin has collapsed into administration following news that the retailer was eyeing up a pre-pack administration deal. According to…
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30 June
Government confirms changes to ‘flexible’ furlough scheme
The UK government has confirmed the latest set of changes to its “flexible” furlough scheme – dubbed CJRS V2 –…
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30 June
Revised ONS data reveals greater GDP drop in Q1 2020
The UK’s gross domestic product (GDP) in volume terms fell by 2.2% in Q1 2020, which has been revised downwards…
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