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 -4 November
Frasers Group increases stake in Mulberry to 29.7%
Frasers Group has more than doubled its stake in Mulberry, the luxury fashion company, from 12.5% to 29.7%. Mike Ashley’s retail group had bought its first set of shares in the firm in February of this year for almost £19m. At the time, Frasers said the move was part of…
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4 November
M&S swings to first loss in 94 years
Marks and Spencer has swung to a pre-tax loss of £87.6m in the half-year ended 26 September, down from the £158.8m profit reported the year before, marking its first ever loss in 94 years of trading as a public company. The group saw its profit plummet by 77% to £61.8m,…
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3 November
ABF profit slumps as Primark hit by £2bn loss
Associated British Foods, the parent company of Primark, has announced that statutory operating profit tumbled 40% to £810m in the full-year ended 12 September 2020. In the same period, group revenue fell by 12% to £13.9bn following the impact of the ongoing pandemic. The full year decline in group revenue…
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3 November
Laura Ashley returns to high street with Next partnership
Laura Ashley is set to return to the UK high street next year with a new partnership with Next, which will sell its homeware products and will launch a series of new stores. According to The Guardian, the clothing and home furnishing retailer said it will reintroduce its homeware via…
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3 November
Half-term sees footfall rise 6.2%
Footfall rose by 6.2% during half-term in the UK, according to the latest data from retail experts Springboard. This is despite a 53.7% footfall decrease in Wales, following the country’s two-week ‘firebreak’ lockdown. Retail park, high street and shopping centre rose by 3.5%, 5.2% and 11% over the period, respectively.…
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2 November
Christmas footfall predicted to drop by 62%
Christmas footfall over the six weeks from Sunday 22 November to Saturday 26 December across all UK retail destinations will be down by 62%, according to the latest estimates from Springboard. The data analysts said the new national lockdown restrictions will see retailers miss out on the start of “essential”…
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2 November
Primark warns of £375m lockdown hit
The parent company of Primark has warned that the retailer will face a £375m hit to sales, in an update issued ahead of the nationwide lockdown that begins this week. As of today (2 November), all Primark stores in the Republic of Ireland, France, Belgium, Wales, Catalonia in Spain and…
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2 November
John Lewis Partnership launches charity Christmas campaign
John Lewis and Waitrose have announced the launch of a “major campaign” next month which will provide a “lifeline” for at least 100,000 families. The initiative will support the charities Fare Share, which helps those facing food poverty and Home-Start which works with parents who need support. The campaign will…
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2 November
Superdry names interim CFO
Superdry has announced that it has appointed Benedict Simon as its chief financial officer on an interim basis. This new appointment follows the fashion retailer’s announcement last month that Nick Gresham has stepped down from the role with immediate effect. Simon has 18 years of experience as CFO of a…
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Oct- 2020 -30 October
LVMH agrees to reduced Tiffany deal
LVMH has agreed to go through with its acquisition of Tiffany & Co following a lengthy legal battle, albeit for a reduced fee. In an update announced yesterday (29 October) LVHM said it had concluded an agreement with Tiffany “modifying” certain terms of their initial agreement to reflect a new…
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