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 -28 July
Selfridges to axe 450 roles
Selfridges has outlined plans to cut 450 roles across its business, equating to a 14% reduction of its total headcount.…
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28 July
Walgreens Boots Alliance CEO to exit
Walgreens Boots Alliance CEO Stefano Pessina has revealed plans to step down from the position. The board of directors said…
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28 July
Sainsbury’s trials virtual queuing system
Sainsbury’s is piloting a virtual queuing system to test whether the technology will help customers “stay safe, save time and…
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28 July
Harrods boss warns tourists may not return until 2022
The managing director of the iconic department store Harrods has warned that US and Asian tourists may not return until…
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28 July
Card Factory performance ‘exceeds’ expectations
Card Factory’s performance has “exceeded” initial expectations since the reopening of its estate, with like-for-like sales down only 21.6%, against…
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27 July
Arcadia on verge of launching restructuring process
Arcadia is reportedly set to launch a restructuring process just a year after it pushed from a CVA proposal, as…
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27 July
Hotel Chocolat sees 200% digital sales boost during Q4
Confectionery retailer Hotel Chocolat has reported a 200% surge in digital sales during its fourth quarter of trading. This was…
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27 July
Debenhams seeks potential buyer
Debenhams has confirmed that administrators are considering its sale to a third party in a bid to lead the business…
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24 July
Consumer anxiety halves in June
The number of consumers comfortable about returning to shops almost doubled from May to June, with “anxious consumers becoming optimistic…
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24 July
Dyson to axe 900 jobs
Dyson is set to cut almost 900 jobs as a result of consumers turning to online purchases during the Covid-19…
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