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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May- 2020 -7 May
Debenhams cuts over 1,000 jobs as five stores shutter permanently
Embattled department store chain Debenhams has revealed that five of its stores housed in Intu shopping centres will not reopen…
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7 May
Zalando anticipates FY sales growth of 10% to 20%
Online fashion retailer Zalando has revealed it is expecting an increase in its full year gross merchandise (GMV) volume by…
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7 May
Superdry sales slide as stores are shuttered
Superdry has announced that its fourth quarter performance was “substantially impacted” by the outbreak of Covid-19, with year-on-year revenue tumbling…
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6 May
Business rates revaluation postponed until 2022
A revaluation of business rates will no longer take place in 2021 in line with the government’s latest efforts to…
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6 May
Card Factory online sales soar over 250% amid UK lockdown
Cards and gifts retailer Card Factory has reported a 267.5% increase in online sales since the UK lock-down began in…
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6 May
Waitrose to open new distribution centre to double deliveries in London
Waitrose this week will open a new six-acre Customer Fulfilment Centre in Enfield, North London, to double its online grocery…
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6 May
McColls CFO departs to join Holland and Barrett
McColls CFO Robbie Bell has announced his departure from the convenience store chain to take up an equivalent role at…
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6 May
CMA blocks JD Sport merger
The Competition and Markets Authority (CMA) has announced its decision to block JD Sports’ purchase of Footasylum after finding it…
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5 May
Furlough errors could cost small firms
SMEs are making errors on their applications for the Government’s furlough scheme, meaning they will have to repay thousands of…
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5 May
Chancellor promises no ‘cliff-edge’ end to furlough scheme
Chancellor Rishi Sunak has promised there will not be a “cliff-edge” end to the Government’s furlough scheme. Speaking to ITV…
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