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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Dec- 2019 -10 December
McColl’s earnings to fall short of expectations
Convenience retailer McColl’s has revealed that earnings are set to fall short of expectations amid “unseasonable weather and lower consumer…
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9 December
Ted Baker appoints Deloitte to probe £25m stock overstatement
Ted Baker has appointed ‘Big Four accountancy firm’ Deloitte to probe into its accounting blunder that revealed it had overstated…
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9 December
Wet weather hits November footfall
Retail footfall in November dropped 3.4% year-on-year after “severe wet weather” deterred shoppers in the last two weeks of the…
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9 December
Tesco considers sale of its Asian arm
Tesco is considering the sale of its Malaysian and Thai businesses, the supermarket giant has confirmed. The two businesses have…
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6 December
Jessops appoints administrators, 500 jobs at risk
Camera retailer Jessops has appointed administrators to its property arm, reportedly placing around 500 jobs at risk. According to The…
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6 December
CMA issues interim order to halt JD Sports’ Footasylum acquisition
The Competition and Markets Authority (CMA) has issued an interim order against the proposed £90m takeover of Footasylum by JD…
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6 December
Boohoo founders sell off £143m of stock
Boohoo founders, Mahmud Kamani and Carol Kane, have announced the sale of 50 million shares in the fashion group, at…
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6 December
Sports Direct seeking Lillywhites London lease sale
Sports Direct has reportedly put the lease for its Lillywhites store in Piccadilly Circus up for sale. According to The…
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5 December
Gucci owner in talks over potential Moncler takeover
Gucci’s parent company Kering is reportedly in talks over a potential takeover of Italian apparel company Moncler. According to Bloomberg,…
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5 December
Ted Baker drafts in AlixPartners to review operations
Ted Baker has reportedly drafted in consultancy firm AlixPartners to conduct a review of its operations. According to the Financial…
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