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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Nov- 2020 -20 November
M&S to keep stores open until midnight
Marks and Spencers has announced it is keeping its stores open until midnight over the Christmas period to ensure shoppers and staff can upkeep a safe level of social distancing. These new measures will apply to 400 of the brand’s stores, except those in travel locations, such as airports and…
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20 November
Jaeger and Peacocks fall into administration, 4,700 jobs at risk
Jaeger and Peacocks have fallen into administration, placing 4,700 jobs at risk. It comes as owner EWM Group failed to secure a buyer for the brands before a set deadline, despite “constructive discussions” with buyers in recent weeks. Tony Wright and Alastair Massey, partners at FRP Advisory, have been appointed…
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20 November
Aldi expands delivery trial to 130 stores
Aldi has announced it is expanding its on-demand delivery trial with Deliveroo to 130 stores across the UK, with the service set to now be available in Scotland and Wales. Last month, the supermarket chain confirmed it had expanded the trial to 42 stores, including sites in Bristol and Liverpool.…
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19 November
Kingfisher reports 17.6% sales growth in Q3
Kingfisher has announced that sales rose by 17.6% to £3.5bn in the third quarter ended 31 October. In light of the return of regional and national lockdowns across the UK, ecommerce sales soared by 153% in the period, which contributed towards 17% of the group’s overall sales. The B&Q owner…
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19 November
Westfield appoints new CEO
Westfield has announced the appointment of Jean-Marie Tritant as CEO, succeeding Christophe Cuvillier in the role. Trident will assume the position on 1 January 2021. Tritant will hold the position of chief operating officer during a transition period that begins today (19 November). Cuvillier said: “During this transition phase, I…
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19 November
Black Friday online sales set to rise 50%
Black Friday online sales are set to increase by around £2bn this year, with total online sales predicted to rise by 52.9% from £3.8bn to £5.8bn. Nonetheless, overall consumer spending figures are predicted to be down 12.4% against last year due to ongoing lockdown measures prohibiting high street trade. A…
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19 November
Naked Wine revenue soars 80% in H1
Naked Wines saw revenues soar by 80% to £157.1m in the half-year ended 28 September 2020. The group also reported a narrower adjusted pre-tax loss of £3.2m, against a loss of £4.5m reported the prior year. It noted that the reduction was achieved despite a “substantial” uplift in investment in…
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18 November
British Land profits slump 29% in half-year results
British Land has reported that underlying profit slumped 29.6% to £107m in its latest half-year results, down from £152m the prior year, attributable to the impact of Covid-19 on the retail sector. Simon Carter, incoming CEO of British Land said the results reflected the “challenges” in retail against the backdrop…
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18 November
Hut Group appoints non-executive director
The Hut Group (THG) has appointed Damian Sanders as its independent non-executive director. Sanders, who until recently was a senior audit partner at Deloitte, is set to join the group’s board and take up the position of chair of the Remuneration committee with immediate effect. Last October, Sanders was appointed…
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18 November
Asda gears up for ‘record Christmas’ as Q3 sales rise 2.7%
Asda has revealed it is gearing up for a “record Christmas” after it revealed its like-for-like sales increased by 2.7% YOY. The trading quarter for the three months ending 30 September, which coincided with the end of the first UK-wide lockdown and the re-opening of the hospitality sector, saw growth…
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