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 -11 June
Fenwick to reopen all nine UK stores on 15 June
Department store Fenwick revealed that all nine of its UK stores will reopen from Monday (15 June) as lockdown measures…
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11 June
B&M hails year of ‘solid growth’ despite pandemic
B&M has revealed that group revenue increased by 16.5% to £3,813.4m in the full-year ended 28 March, despite the effects…
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10 June
Quiz places loss-making stores into administration
Quiz has revealed it is placing the division that runs some of its loss-making stores into administration. Quiz said that…
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10 June
Signet to close 80 UK stores permanently
Signet Jewelers has announced that it will not reopen 80 of its UK stores, in an effort to emerge “stronger…
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10 June
UK GDP expected to decline 7.2% in 2020 amid ongoing pandemic
The continuing impact of the Covid-19 virus is expected to see the UK economy contract by 7.2% in 2020, with…
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10 June
The Hut Group reports FY sales of £1.1bn
Health and beauty retailer The Hut Group (THG) has reported a 24% increase in group sales to £1.14bn in its…
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10 June
70% of shoppers ‘not comfortable’ returning to shops
Consumers remain “deeply cautious” about returning to shops, the latest EY Future Consumer Index has revealed ahead of retailers opening…
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9 June
Debenhams to close three more stores permanently
Debenhams has confirmed three more of its stores will not reopen once lockdown restrictions are eased next week. It revealed…
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9 June
Game to reopen stores across England and Northern Ireland
Game has announced plans to reopen all stores across England and Northern Ireland from Monday 15 June, in line with…
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9 June
Consumer spending drops 26.7% year-on-year in May
Consumer spending contracted 26.7% year-on-year in May. This is according to new data from Barclaycard, which revealed that spending on…
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