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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Nov- 2019 -8 November
Halfords acquires garage chain amid profit plunge
Halfords has announced the acquisition of garage chain McConechy’s Tyre Service after closing a deal worth around £9.3m. The deal,…
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8 November
Art Peck steps down as Gap CEO
Gap has announced its chief executive officer Art Peck is to step down from the business effective immediately. Peck, who…
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7 November
Ikea UK sales top £2bn in 2019
Furniture retailer Ikea has announced that total annual sales in the UK have soared by 8% to £2.1bn for the…
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7 November
Sainsbury’s profits plummet 91% in half-year results
‘Big Four’ grocer Sainsbury’s saw underlying profits slump by £41m to £238m for the six months to 21 September 2019.…
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7 November
Superdry reveals revenue drop amid ‘good progress’ in turnaround plan
Superdry has reported an 11% drop in revenues for the first half of the year but its returning chief executive…
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7 November
Weird Fish becomes first UK retailer to launch grass paper bags
Clothing retailer, Weird Fish, has become the first UK retailer to introduce eco-friendly grass paper bags throughout its stores. The…
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6 November
Former BHS owner banned from being a director for 10 years
Former BHS director Dominic Chappell has been disqualified from running a company for 10 years. Ex-racing driver Chappell purchased BHS…
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6 November
Profits plummet at M&S as clothing sales slide
Marks and Spencer has announced a 17% drop in profits to £176.5m for the first half of the financial year,…
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6 November
2800 jobs affected as Mothercare ceases UK trading
Mothercare has announced it is to cease all trading within the UK, putting a potential 2800 jobs at risk. Operating…
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5 November
Footfall tumbles further in October
New figures from the Retail Traffic Index show a continued slide in footfall over the month of October. The figures,…
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