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.
-
Jun- 2020 -16 June
Joules predicts £3m loss after pandemic hit
Fashion retailer Joules has predicted an underlying loss for its 2020 financial year of between £2m and £3m attributed to…
Read More » -
16 June
H&M sales halve in second quarter
H and M net sales halved in the second quarter of 2020, tumbling 50% to 28.7bn Swedish krona (£2.4bn) following…
Read More » -
15 June
Travis Perkins to cut 2,500 jobs amid Covid-19 pandemic
Wickes owner Travis Perkins has revealed plans to cut almost 2,500 jobs amid the ongoing Covid-19 pandemic. It comes amid…
Read More » -
15 June
Hammerson chair to step down
The board of Hammerson has appointed Robert Noel as the new non-executive chair of the company, succeeding David Tyler. Noel…
Read More » -
15 June
Matalan seeks £29m HQ sale
Matalan is reportedly seeking a sale of its Liverpool-based headquarters as it looks to inject more cash into the business…
Read More » -
15 June
Usdaw urges public to ‘respect shopworkers’ as shops are allowed to reopen
Shopworkers union Usdaw has urged customers to respect staff and employers to ensure safety in stores, as shops are allowed…
Read More » -
15 June
Retailers to suffer for ‘some time to come’, says BRC
Footfall across the UK tumbled by 81.6% in May, as the British Retail Consortium (BRC) has warned that retailers may…
Read More » -
12 June
UK GDP slumps over 20% in April as full impact of Covid-19 is felt
GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the latest figures from…
Read More » -
12 June
Curry’s PC World to reopen 131 stores as ‘tech help hubs’
Currys PC World has unveiled plans for a phased reopening of 131 of its stores from next week, initially opening…
Read More » -
12 June
The Works aims to reopen 465 stores next week
The Works has announced it is aiming to reopen 465 stores across England, Northern Ireland and the Republic of Ireland…
Read More »
