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 -9 March
Footfall slides in February
Hopes for a stronger footfall were “washed away” last month, according to the latest footfall monitor released by Springboard. The…
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6 March
February retail sales hit by poor weather and Coronavirus concerns
Total in-store retail sales declined by 0.9% in February, according to BDO’s monthly High Street Sales Tracker. The accountancy firm…
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6 March
Lego outperforms wider toy market, confirms plans for 150 new stores
Toy giant Lego has defied the wider toy market by recording a “strong” sales and profit performance while also confirming…
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6 March
CMA urges retailers to ‘behave responsibly’ amid Coronavirus panic
The Competition and Markets Authority (CMA) has urged retailers to not “take advantage of people” and “exploit” the current Coronavirus…
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6 March
Hugo Boss appoints Heiko Schäfer as COO
Fashion retailer Hugo Boss has announced the appointment of Heiko Schäfer as its chief operating officer (COO). As COO he…
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5 March
John Lewis profits plummet 23% in full-year results
The John Lewis Partnership saw profits plummet by 23% to £123m for the year ended 25 January 2020, resulting in…
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5 March
H&M launches global supply chain initiative
H&M announced it will be launching a new initiative to provide other retailers access to its global supply chain, in…
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5 March
Tesco launches campaign to match prices with Aldi
‘Big 4’ grocer Tesco has announced it will start to match prices with discount supermarket Aldi on hundreds of grocery…
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4 March
H&M to shutter Stoke-on-Trent warehouse placing 500 jobs at risk
H&M is reportedly set to close its warehouse in Stoke-on-Trent with plans to relocate its distribution to a new site.…
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4 March
Travis Perkins revenues rise in full-year results
Travis Perkins has reported a 3.2% increase in revenues for the year ended 31 December 2019. The buildings and home…
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