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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Sep- 2020 -25 September
Hong Kong’s Lion Rock joins race for Clarks
A Hong Kong-based private equity firm, which backs a number of companies such as Taxi hailing app Hailo and Serie A football giant Internazionale, has reportedly entered the race to acquire Clarks. According to Sky News, Lion Rock is one of the remaining two potential bidders vying for a majority…
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25 September
Morrisons reveals new delivery measures as restrictions return
Morrisons has revealed a set of new home delivery measures as lockdown restrictions return following the government’s announcement earlier this week. As of today (25 September), customers can sign up for weekly, fortnightly or monthly food boxes, without needing a delivery slot. Those who opt for the supermarkets’ “subscription service”…
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25 September
Independent review ‘identifies many failings’ in Boohoo supply chain
Boohoo has published the results and response to the independent review of its UK supply chain. Alison Levitt QC was appointed to conduct the review, with a purpose to “consider boohoo’s obligations and duties of care in relation to the workforce in its Leicester supply chain”. The retailer first announced…
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24 September
Chancellor unveils new Job Support Scheme
The chancellor has today announced a new Jobs Support Scheme that will see the government “directly support” the wages of those in part-time work. The scheme, which will run for six months starting this November, will see the government attempt to preserve “viable” jobs by subsidising the pay of employees…
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24 September
DFS posts full year loss in preliminary results
Sofa retailer DFS has reported losses before tax of £56.8m, in the group’s preliminary results for FY20. For the FY period ending 28 June 2020 the retailer also revealed that revenues decreased by 30.2% to £724.5m. DFS said that the losses were driven by “reduced margin from lower revenue levels”,…
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24 September
Richest man in India interested in Debenhams acquisition
India’s richest man is reportedly one of the parties interested in making a bid to acquire Debenhams, according to Sky News. Ambani is the chairman and largest shareholder in Resilience Industries, the parent company of Reliance Retail which owns British toy retailer Hamleys. A number of parties, including Next and…
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24 September
Chancellor set to unveil furlough replacement after Budget cancellation
Chancellor Rishi Sunak has cancelled this year’s Budget but is set to unveil new measures aimed at protecting employment and the UK economy in parliament later today (24 September). It is thought the new measures will replace the current furlough scheme, which is set to expire at the end of…
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24 September
Pets at Home welcomes ‘sustained’ momentum
Pets at Home has welcomed “sustained momentum” across both its retail and veterinary operations in its latest trading update. The group had previously reported that sales momentum was returning across all areas of the business in its first quarter results published 31 July. According to the group, this reflected a…
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23 September
Waitrose to remove shrinkwrap plastic from all tinned goods
Waitrose has begun the total removal of shrinkwrap plastic from its own-label tinned grocery products in a bid to axe single-use plastic in its stores. The supermarket trialled the removal of shrinkwrap plastic, used to attach tinned multibuys, last year. Waitrose said that removing this non-recyclable plastic from some of…
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23 September
Nike online sales surge in Q1
Nike has announced a significant increase in digital sales in its first quarter fiscal report for this financial year. The sportswear retailer saw digital sales rise by 81% in the three-month period ended 31 August, offsetting falling revenue in its stores due to the pandemic. Despite Nike not releasing a…
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