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 -1 May
Quarter of retail SMEs will need up to two years to recover
Nearly a quarter (22%) of SMEs in the retail sector believe it will take up to two years to recoup…
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1 May
Intu appoints to chief restructuring officer to ‘fix’ balance sheets
Shopping centre owner Intu has announced the appointment of David Hargrave as chief restructuring officer to “fix” its balance sheet…
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1 May
Amazon: Sales surge while spending rises
Amazon has revealed that sales rocketed 26% to $75.5bn (£60.1bn) in the first quarter of the year, with a possibility…
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Apr- 2020 -30 April
Oasis and Warehouse stores closed ‘indefinitely’, 1,800 jobs lost
Over 1,800 employees at fashion retailers Oasis and Warehouse are set to be made redundant after administrators failed to find…
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30 April
Covid-19: 70% of shopworkers are experiencing anxiety, says Udsaw
Shopworkers trade union Usdaw has released statistics revealing 70% of shop workers are experiencing anxiety and have raised concerns with…
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30 April
BRC appoints Tony DeNunzio as new chairman
Tony DeNunzio CBE has been appointed as chairman elect of the British Retail Consortium (BRC). He will succeed Richard Pennycook…
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30 April
Next and Dixons urge government for furlough clarity
Retailers Next and Dixons Carphone have called on the UK Government to clarify the exit strategy for its furlough scheme. …
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30 April
Sainsbury’s to face £500m profit hit
Sainsbury’s has warned that its annual profits could take a £500m hit as a result of the ongoing pandemic, despite…
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30 April
M&S announces appointment of two non-executive directors
Marks and Spencer has announced the appointment of Tamara Ingram and Sapna Sood as non-executive directors, effective 21 May. Ingram…
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29 April
Online sales reach 10% of all UK grocery spend amid Covid-19 lockdown
The share of all grocery sales made online reached 10% in the last four weeks ending 18 April 2020, according…
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