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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Aug- 2020 -20 August
Amazon and Morrisons launch delivery service
Amazon and Morrisons have stepped up their partnership with the online retailer now offering a full product service from the grocer. Following an installation of a Morrisons platform on its main site, Prime customers will now be able to do a full Morrisons food shop on Amazon.co.uk and receive free…
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20 August
Mothercare unveils new business model
Mothercare has announced the launch of a “more sustainable and less capital-intensive” business model going forward. The new model comes into effect from the Autumn/Winter 2020 season, and follows “constructive” discussions with its international franchise and manufacturing partners. The discussions were held in a bid to modernise the business and…
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19 August
Pizza Express to close 73 sites, 1,100 jobs at risk
Pizza Express has formally launched a CVA in a bid to reduce its restaurant estate and rental cost base following the pandemic. The CVA proposal will see the permanent closure of 73 restaurants, resulting in a loss of 1,100 jobs. The casual dining chain first announced it had reached an…
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19 August
Fraser Group exec buys shares ‘in error’ during closed period
Fraser Group non-executive director David Daly “accidentally” purchased shares on Monday (17 August) during a closed period. In an announcement made on the London Stock Exchange, Frasers Group said it was informed that Daly had purchased 3,912 ordinary shares in the company. It added that the company has “robust procedures”…
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19 August
Usdaw leader launches petition to protect retail staff from violence and abuse
Usdaw general secretary Paddy Lillis has today (19 August) launched a House of Commons petition calling on the Government to legislate to protect shopworkers. The trade union said the petition has been launched in response to “continued growing assaults, threats and abuse against shopworkers and the doubling of such incidents…
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19 August
Asda delivers ‘record’ online sales in Q2
Asda has announced that like-for-like sales, excluding fuel, increased by 3.8% year-on-year in the quarter ended 30 June. In its second quarter of trading, the supermarket also delivered “record” online sales, with online grocery sales doubling, while click-and-collect sales quadrupled in the period. According to the group, transactional data shows…
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18 August
C&A chairman outlines revival plans
C&A chairman Allan Leighton is reportedly planning to “turnaround” the 179-year-old clothing retailer, by making the company independent of its founders the Brenninkmeijer family. According to the Financial Times (FT), the group’s current CEO, Edward Brenninkmeijer, is set to leave his seat as CEO Europe and overall CEO for a…
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18 August
Hamleys CEO to step down
Hamleys chief executive, David Smith, is to step down from the position after only six months with the iconic toy retailer. According to Sky News, the reasons behind his departure remains unclear and it is understood that Smith will leave the group at the end of August. He was previously…
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18 August
Grocery growth slows as market eases out of lockdown
The latest grocery market share figures from Kantar show take-home grocery sales growth slowed to 14.4% year on year during the 12 weeks to 9 August 2020. Kantar said the figures show the market is beginning to move away from the “heady heights” of the lockdown period, with a grocery…
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18 August
M&S to axe 7,000 jobs
Marks and Spencer has announced its plan to axe 7,000 roles across the business over the next three months. It comes as the group confirmed the launch of a multi-level streamlining programme that will see redundancies in its central support centre, regional management, and UK stores. According to the retailer,…
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