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 -7 September
Eve Sleep reports summer sales boost
E-commerce mattress brand Eve Sleep saw strong trading between May and July, and now expects revenues of at least £22m for the year ended 31 December 2020. The brand, which operates in the UK, Ireland and France, said since then trading patterns have remained above the board’s expectations. The group’s…
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7 September
Asda future could be decided this week as takeover deadline looms
The future of ‘Big Four’ grocer Asda could be decided as early as this week, as rival private equity firms reportedly finalise their bids. According to The Telegraph, bids for the grocer, which is valued at around £6.5bn, are due today (Monday 7 September) with private equity firms Apollo Global…
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7 September
Primark trading ‘stronger than expected’ post-lockdown
Associated British Foods (ABF) has announced that Primark’s trading in the fourth quarter has “exceeded expectations” ahead of its full-year results, which are set to be announced on 3 November. Primark stores reopened over the course of May, June and July, and have since “traded strongly”, according to its parent…
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4 September
H. Samuel owner swings to loss in Q2
The parent company of H.Samuel and Ernest Jones, Signet Jewellers, swung to a loss of $81.7m (£62m) in its second quarter of trading, down from a loss of $36.1 (£27.4m) the year before. Total sales also fell by 34.9% to $888m (£623m) in the quarter ended August 1, 2020. Meanwhile,…
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4 September
Topps Tiles names Stephen Hopson as CFO
Topps Tiles has announced the appointment of Stephen Hopson as its new CFO, effective from 2 November. Hopson joins the business from Molson Coors Beverage Company where he is director of Central Finance, Western Europe. He was also previously the director of finance at BSS and held a number of…
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4 September
Jigsaw creditors approve CVA
Fashion chain Jigsaw has confirmed its proposed CVA approved by its creditors which will see 13 of its stores close and others move to a turnover-based rent system. In addition, around 41 of its stores will also see its rent switch to a turnover-based system. The news comes after reports…
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4 September
Co-op creates 1,000 jobs in new stores launch
Co-op is set to create 1,000 local jobs as part of a major store investment programme. The supermarket chain will launch 65 new and extended stores in the coming months, as well as makeover more than 100 of its existing stores, as part of the £130m investment. Up to…
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4 September
Ebay UK announces new general manager
Ebay has announced that Murray Lambell will lead its UK business as general manager (GM). Lambell has been promoted from his position as vice president of UK trading, where he was responsible for all of Ebay UK’s business to consumer and sales and operations activities. He replaces Rob Hattrell in…
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3 September
Shop prices fall in August
Shop Prices fell by 1.6% in August compared to a decrease of 1.3% in July, according to new data from the British Retail Consortium (BRC). This is below the 12 and six-month average price decreases of 1.0% and 1.5%, respectively. Non-food prices also fell by 3.4% during the month, compared…
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3 September
UK small business sector ‘plagued’ by late payment issues
UK freelancers and small business owners continue to be plagued by the problem of late payment, according to new research by cloud accounting software company Freeagent. Analysis of over two million invoices sent by FreeAgent customers between January 2019 and June 2020 has revealed the “startling impact” of late payment…
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