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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Oct- 2020 -13 October
Aspinal of London to close all 10 stores
Luxury goods brand, Aspinal of London, has agreed a company voluntary arrangement (CVA) approved by its creditors, thus permanently closing all 10 of its stores. According to Drapers, the decision was agreed upon “comfortably” with 75% of creditors giving the green light. None of the company’s 10 stores have reopened…
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13 October
UK retail sales rise by 6.1% in September
Retail sales in the UK increased on a like-for-like basis by 6.1% in September from the same period last year, according to BRC-KPMG’s retail sales monitor. Non-food retail sales increased by 5.2% on a like-for-like basis by 5.2% and 3.2% on a total basis. On a total basis, sales rose…
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12 October
PM unveils three-tiered lockdown system
Prime minister Boris Johnson this afternoon announced a new three-tier lockdown system that will see some hospitality businesses in the North-West forced to close from Wednesday. Under the new system, different rules for regions will be classified as being on ‘medium’, ‘high’ or ‘very high’ alert depending on the rate…
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12 October
Tesco criticised amid £315m six-month dividend
Tesco chairman John Allan said he will defend “to the death” the board’s decision to pay dividend after receiving a tax break. The comments, reported by the Mail on Sunday, came as it emerged that Tesco declared a £315m six-month dividend on Wednesday following a board meeting. Tesco reported an…
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12 October
Poundland acquires Fulton Foods
Poundland has announced its acquisition of Fulton Foods, the Northern frozen food retailer, as the latest part of its transformation programme. The company has been working with Fulton for the last 12 months on the development of its chilled and frozen food range, as well as growing its distribution network.…
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11 October
New Asda owners considering £3bn George sale
The Issa brothers, the new owners of ‘Big Four’ grocer Asda, are reportedly considering a £3bn sale of its clothing arm George. According to the Mail on Sunday, industry sources have told the paper that the sale of George is one of several strategies being considered by the new owners…
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9 October
Gov to cover 67% of wages for firms forced to shut
Chancellor Rishi Sunak has announced that businesses forced to shut due to local restrictions will be eligible for a grant that pays two-thirds of staff salaries. The government will pay two-thirds, or 67%, of each employee’s salary, up to a maximum of £2,100 a month, if the business is forced…
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9 October
Edinburgh Woollen Mill Group calls in administrators
Philip Day’s EWM Group, owner of retail brands Edinburgh Woollen Mills, Peacock’s and Jaeger has announced it is to appoint administrators to conduct a review of the business. In an update the group said it is “responding to the harsh trading conditions caused by the impact of the Covid-19 pandemic…
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9 October
Retailers record best monthly in-store sales since February
High street sales in September recorded the best monthly in-store results since before Covid-19 began in February, according to new figures. BDO, an accountancy and business advisory firm, said sales at the beginning of September were the second-best weekly total since early March. Sales rose by 65.1% in September compared…
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9 October
Boohoo appoints responsible sourcing director
Boohoo has reportedly appointed a new responsible sourcing director as it aims to improve its practices following the independent review of its supply chain. According to Drapers, the retailer has appointed former Primark director Andrew Reaney to oversee its operations at its warehouses and throughout the rest of its supply…
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