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 -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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22 December
Waitrose appoints new trading director
Waitrose has announced the appointment of Charlotte di Cello as the supermarket chain’s new trading director, after a competitive internal and external recruitment process. Cello will join Waitrose on 18 January 2021 from Leon, where she is currently chief commercial officer, and succeed the current trading director, Rupert Thomas, who…
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22 December
Matalan sells head office for £25m
Matalan has completed the £25m sale of its head office in Knowsley, Liverpool to a company already owned by the retailer’s founder. In a statement the discount retailer said that the sale represents the “planned completion of transactions” set out during the financing activity undertaken in June, following the “significant…
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21 December
Boohoo appoints new auditor after PwC departure
Boohoo has announced that it has appointed PKF Littlejohn as the group’s new auditor, with immediate effect. PKF Littlejohn will replace PwC, who resigned from the role of Boohoo’s auditor in October. Prior to its resignation, PwC had worked as the fast fashion company’s auditor since its inception, back in…
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21 December
City Chic Collective acquires Arcadia’s Evans for £23m
City Chic Collective has announced it has entered into a binding asset purchase agreement to acquire the Evans retail brand for £23.1m which will be completed on 23 December 2020. The group said it will also receive the benefit of a transitional services arrangement in connection with the Evans e-commerce…
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21 December
Hammerson seeks admission to Euronext Dublin
Retail property management group Hammerson has revealed its intention to seek admission to Euronext Dublin and to trade on the main securities market of Euronext Dublin before Britain leaves the EU. In a statement the company which owns London’s Brent Cross shopping centre said it is “seeking a secondary listing…
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21 December
Tier 4 will bring ‘severe’ consequences to retail sector, warns BRC
Retail will face “severe” consequences in light of heightened restrictions across much of the UK, the British Retail Consortium (BRC) has warned. It comes after prime minister Boris Johnson’s announcement that Tier 4 restrictions would be introduced in London and the South East, effective from yesterday (20 December). Under Tier…
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18 December
Boohoo executives pledge to ‘fix things’ following scandal
Boohoo executives have reiterated their intentions to “fix things” at the company after a series of allegations over workers’ pay and conditions came to light earlier this year. The fashion retailer’s co-founder, Mahmud Kamani, told the BBC he wanted to “make everything better” following the allegations. It comes as an…
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18 December
Frasers Group will not make formal bid for Mulberry
Frasers Group has announced that it will not be making a formal bid for Mulberry after ongoing rumours of a potential acquisition. Mike Ashley’s retail group currently owns a 36.8% stake in the business and last month said it was considering a takeover of the brand. Last month, Frasers Group…
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