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 -22 May
Retail sees record slump in April
Retail sales slumped by a record 18.1% in April, according to the latest data from the Office of National Statistics…
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22 May
Burberry sales fall 27% amid Covid-19 pandemic
Luxury fashion retailer Burberry has reported a 27% decrease in like-for-like sales in its fourth quarter results, attributing the loss…
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21 May
Matalan reopens 15 retail park stores
Matalan has reportedly opened a select number of its stores located in retail parks across the country. According to Drapers,…
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21 May
Retailers set to receive £430m worth of tax rebates
The Supreme Court has handed the embattled retail sector a £430m tax lifeline by upholding an earlier decision that cash…
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21 May
Ted Baker appoints ex-Topshop design exec as new creative director
Ted Baker has announced the appointment of former Topshop global design director, Anthony Cuthbertson, as its new global creative director…
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21 May
Pets at Home sales top £1bn for the first time
Total annual revenue at Pets at Home exceeded £1bn for the first time in its history, increasing 10.2% to £1,058.8m…
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20 May
Matalan founder sues PwC over ‘misguided’ tax advice
PwC is reportedly being sued by the founder of Matalan over “misguided” tax advice. John Hargreaves, who set up the…
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20 May
Johnsons Shoes Company enters administration
Johnsons Shoes Company, which operates 12 stores under the brands Johnsons Shoes and Bowleys Fine Shoes, has entered administration due…
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20 May
Asda sees Q1 sales rise 3.5%
Big four grocer Asda has reported a 3.5% like-for-like sales rise during the first quarter of the year following a…
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20 May
Marks and Spencer profits tumble in full-year results
Marks and Spencer has announced that profit before tax tumbled 20.2% to £67.2m in the full-year ended 28 March 2020. …
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