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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Jun- 2020 -8 June
Footfall begins ‘journey to recovery’ in May
Consumer footfall may have begun its “long journey to recovery” in the month of May, according to the latest figures…
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5 June
Victoria Secret’s UK arm falls into administration placing 800 jobs at risk
Victoria’s Secret has announced it has drafted in Deloitte advisers as its UK division has fallen into administration, putting over…
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5 June
Consumer confidence slips further amid UK lockdown
GfK’s long-running Consumer Confidence Index has decreased by two points over the past two weeks. In the market research firm’s…
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5 June
Debenhams prepares to reopen 50 UK sites
Debenhams has announced it is preparing to reopen a 50 of its sites in England in phases from the beginning…
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5 June
Online sales reach 10-year high
British retailers recorded a 10-year high for online sales in May while the continued lockdown measures kept high streets empty,…
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5 June
Gap sales nosedive by 43% in first quarter
Gap Inc. sales plunged 43% year-on-year in the first quarter of 2020, largely driven by store closures across its estate. …
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4 June
M&S lowers share award payout for top execs amid Covid-19 pandemic
Marks and Spencer has lowered the share payout for it’s top two executives, amid the ongoing Covid-19 pandemic. This largely…
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4 June
New Look enters talks with landlords seeking turnover-based rent
High street retailer New Look has reportedly entered talks with its landlords about switching to a turnover-based rent system. According…
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4 June
Co-op expands robot service in Milton Keynes
The Co-operative has expanded its same-day autonomous robot deliveries in the UK across Milton Keynes and surrounding towns and villages…
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4 June
LVMH retreats from Tiffany takeover
Luxury powerhouse LVMH has announced that it will no longer go ahead with its proposed takeover of Tiffany & Co…
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