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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Mar- 2020 -13 March
Government to introduce 2% digital services tax
The UK Government has confirmed plans to introduce a new 2% tax on the revenues of online marketplaces which “derive…
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13 March
Gap sales increase despite ‘challenging year’
Fashion retailer Gap has reported a 1% increase in net sales to $4.7bn (£3.7bn) in its fourth quarter results, despite…
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13 March
Amazon tells employees to work from home
Amazon has told all of its employees to work from home for the rest of March amid the coronavirus outbreak. …
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12 March
Crew Clothing to acquire Moss Bros
Fashion retailer Crew Clothing is to acquire Moss Bros in a £22.6m deal to take the company private. Under the…
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12 March
Debenhams seeking new CEO as Vansteenkiste prepares to step down
Debenhams is seeking a new CEO to help steer its restructuring as its current boss Stefaan Vansteenkiste prepares to step…
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12 March
Adidas and Puma Chinese sales hit by coronavirus outbreak
Sportswear retailer Adidas has warned sales in its first quarter of its financial year would decrease as much as €1bn…
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12 March
Covid-19 could knock £130m from sales, says WH Smith
WH Smith expects that full-year results will see an ‘adverse impact’ from the effects of coronavirus, with up to £130m…
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11 March
ROUNDUP: Business rates holiday announced by chancellor Sunak
In his maiden budget, the new chancellor, Rishi Sunak, has announced a £30bn fiscal stimulus package to help combat the…
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11 March
Debenhams CVA now free from legal challenges
Embattled department store chain Debenhams has announced that its CVA proposals will be upheld, as the time period for any…
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11 March
Ex-Sainsbury’s boss warns of labour shortages amid coronavirus outbreak
Former Sainsbury’s chief executive and current non-executive director at Marks and Spencers, Justin King, has warned that supermarkets need to…
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