News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Dec- 2020 -24 December
Boxing Day sales set to plummet for third year in a row
Retailers must prepare to be “hard hit” during this year’s Boxing Day sales period, with spending expected to be down for the third year in a row, according to a new retail report by VoucherCodes.co.uk. Its latest Shopping for Christmas 2020 report, carried out by the Centre for Retail Research,…
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24 December
Ann Summers CVA approved by creditors
Ann Summers has announced that its CVA has been approved by 90% of its creditors, which will see 25 of its stores move to a turnover-based rent system. In a statement, the lingerie store outlined the plans of the agreement with additional funding of up to £10m now being made…
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24 December
Clarks shareholders approve £100m LionRock Capital rescue deal
Clarks has announced that its shareholders have approved a financial rescue deal from a Hong Kong-based private equity company. LionRock Capital will invest £100m in the shoe retailer as part of a Company Voluntary Agreement (CVA). As a result of this new partnership, none of Clarks’ 320 stores will have…
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24 December
Chinese market regulators investigate Alibaba ‘monopolistic’ claims
China’s State Administration for Market Regulation (CSAMR) has announced that Alibaba is being investigated by regulators over claims of “monopolistic practices”. According to the BBC, the retail group was previously warned about allegedly making its sellers sign “exclusive deals”, preventing them from trading on rival platforms. Last month, the company’s…
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23 December
N Brown secures £100m equity raising
N Brown has announced it has completed its £100m equity raising and moved from the London Stock Exchange (LSE) over to the Alternative Investment Market (AIM). The transaction was underwritten by the group’s founder David Alliance, who is also its biggest shareholder. The group, which owns Jacamo and JD Williams,…
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23 December
Labour calls for high street Fightback Fund
Labour has urged the government to “stand up for businesses” through a Hospitality and High Streets Fightback Fund, aimed at supporting businesses hit by the recent Tier 4 restrictions. It comes as almost 175,000 businesses in Tier 4 areas across London, the South East and the East of England have…
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23 December
Tesco limits sale of essential items
Tesco has limited the number of sales customers can make on essential goods such as toilet roll, flour, dried pasta, baby wipes and anti-bacterial wipes, with customers now only able to purchase three of each item. It is thought that the big four supermarket made the decision as part of…
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23 December
L Brands announces new president and chief HR officer
L Brands has announced new leadership appointments at Bath and Body Works which includes Julie Rosen as president and Deon Riley as chief human resources officer. Rosen and Riley will reportedly work under the leadership of Andrew Meslow, CEO of both L Brands and Bath and Body Works. Rosen will…
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22 December
DFS sales bolstered by soaring online business
DFS has announced that sales were up by 19% in the half-year ended 13 December 2020, while online sales soared by 76% against the prior year. In its latest pre-close trading update, the furniture retailer said its order bank “remains strong”, and is currently £200m higher year-on-year on a revenue…
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22 December
Card Factory appoints new CEO
Card Factory has announced the appointment of Darcy Willson-Rymer as CEO, which will come into effect on 8 March 2021. Willson-Rymer will join the company from Costcutter Supermarkets, where he has served as CEO for the last eight years. During his time at Costcutter, Willson-Rymer steered the multi-site owned and…
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