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 -3 June
28 Oddbins stores saved from administration by unnamed buyer
Off-license retail chain Oddbins has seen 28 of its stores saved from administration by an unnamed buyer. It comes as…
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3 June
Hiring starts to pick up in retail industry as lockdown eases
Hiring has started to pick back up in the retail industry last month, with job vacancies advertised increasing by an…
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3 June
Biggest decline in shop prices since 2006
May shop prices tumbled at the fastest rate of decline since 2006, falling by 2.4% against a 1.7% decrease in…
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3 June
Angling Direct reports £1.5m net loss in FY results
Fishing tackle and equipment retailer Angling Direct has reported net losses of £1.5m in its full-year results, attributing the decline…
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2 June
Sainsbury’s CEO reveals new appointments to operating board
Sainsbury’s new chief executive officer, Simon Roberts, has made two changes to the ‘Big Four’ grocers operating board. Clo Moriarty,…
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2 June
Reiss announces phased reopening of stores
British clothing brand Reiss has announced a phased reopening of a select number of UK stores, effective 15 June 2020. …
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2 June
Tesco CFO Alan Stewart announces plans to step down
Tesco has announced that CFO Alan Stewart has decided to retire from the position and leave the company on 30…
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2 June
Card Factory profits slide in full-year results
Card Factory has revealed that its underlying profit before tax fell 11.8% to £67.2m for the year ended 31 January…
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1 June
Boohoo faces $100m US lawsuit over fake promotion claims
Boohoo is reportedly facing a $100m (£81m) civil lawsuit from a US law firm over claims it misled shoppers over…
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1 June
Ted Baker raises £95m rescue fund amid full-year losses
Embattled fashion retailer Ted Baker has announced its intent to raise approximately £95m in gross proceeds to support it through…
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