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 -19 March
New bank of England boss promises fresh measures to fight Covid-19
The new Bank of England boss, Andrew Bailey, has promised a fresh set of measures to help fight the economic…
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19 March
Zara closes almost 4,000 stores globally amid coronavirus outbreak
The parent company of Zara has closed almost 4,000 of its stores across the globe amid the recent outbreak of…
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19 March
Ocado sales rise as website goes dark
Ocado Retail has announced that revenue grew by 10.3% to £441.2m in the first quarter of the year. Average orders…
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18 March
2,000 Mountain Warehouse jobs at risk as coronavirus impacts sales
Mountain Warehouse is considering cutting almost 2,000 jobs following a major slump in sales as a result of the coronavirus…
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18 March
Retail welcomes ‘bold move’ from chancellor to support business
The retail industry has welcomed the “bold move” announced by the chancellor yesterday (17 March), which included announcing a 12-month…
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18 March
Superdry to miss 2020 targets amid coronavirus outbreak
Embattled clothing retailer Superdry has said it expects its online sales to decline and to miss its 2020 targets amid…
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18 March
Morrisons ‘takes action’ amid coronavirus pandemic
Morrisons has announced its steps to take “immediate action” as the coronavirus pandemic unfolds. These include its promise for a…
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17 March
Laura Ashley enters administration as coronavirus claims first casualty
Embattled home and fashion retailer Laura Ashley has fallen into administration after it revealed that the coronavirus outbreak has had…
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17 March
ScS delays full results amid Covid-19 developments
Furniture retailer ScS has announced that gross profit is expected to increase 0.3% to £71.7m during the first half of…
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17 March
Colliers calls for Rates Deferment Scheme introduction amid COVID-19
Business rates experts at Colliers International have called for the Government to introduce a three-month or even six-month business rates…
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