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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Feb- 2020 -12 February
Harrods security guards agree to five days of strike actions
Harrods security guards have announced a five-day strike action starting later this month in a dispute over pay. Security guards…
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12 February
Inter Ikea appoints new CEO
Inter Ikea has announced that Torbjörn Lööf, who has been the company’s CEO for the past seven years, is to…
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12 February
Sainsbury’s Bank chairman departs after seven years
Roger Davis is to step down as chairman of Sainsbury’s Bank after nearly seven years in the role. Davis has…
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11 February
Retailers suffer ‘stuttering start’ to 2020
Retailers saw a slow start to the year as total sales increased by only 0.4% in January, against an increase…
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11 February
Administrations up 5% in 2019
The number of companies falling into administration across England and Wales increased by just under 5% in 2019, according to…
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11 February
Shoppers could ‘lose out’ in JD Footasylum merger, says CMA
The Competition and Markets Authority (CMA) has provisionally found that the proposed £90m takeover of Footasylum by sportswear rival JD…
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11 February
M&S appoints Eoin Tonge as new CFO
Marks and Spencer has appointed Eoin Tonge as its new chief financial officer. Tonge is currently the CFO of Greencore…
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10 February
HMRC yields £16 from small businesses for every £1 spent on staff
HMRC’s investigations into individuals and small businesses produced a yield of approximately £16 for every £1 spent on staff last…
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10 February
Improved UK supermarket performance sparks property investment surge
Property investors sunk £1.78bn into the UK grocery sector during 2019, with volumes up 80% year-on-year according to Colliers International’s…
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10 February
WH Smith seeking overhaul on rent payment to landlords
WH Smith is reportedly urging its landlords to allow the retailer to delay its rent payments as it looks to…
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