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 -5 August
WH Smith to axe 1,500 roles
WH Smith has launched a collective consultation that could see around 1,500 roles across the business axed in a bid to restructure the business. It comes as the group said it expects to deliver a full-year loss of between £70m and £75m following impacted sales. The retailer said that the…
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5 August
River Island considering CVA as Covid-19 hits sales
Fashion retailer River Island is reportedly considering a CVA proposal as it attempts to weather the coronavirus pandemic. According to Retail Week, River Island is considering launching a CVA proposal or another form of administration in order to reduce rents or close some of its stores that have seen lower…
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5 August
Adidas extends CEO contract by five years
Adidas has announced it has extended the contract of its CEO Kasper Rorsted by a further five years. Rorsted has been a member of the Adidas executive board since August 2016 and became the brands chief executive two months later. His contract was initially due to expire in July 2021,…
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5 August
Amazon Go to launch in UK
Amazon has reportedly struck a deal to open more than 10 Amazon Go stores across the UK, with a view to opening a further 20 sites down the line. According to The Sunday Times, the first of these stores is expected to open in London before the end of the…
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5 August
Sainsbury’s signs EHRC agreement
Sainsbury’s has signed a legally binding document with the Equality and Human Rights Commission (EHRC) after it was found liable for sexual harassment against an employee. According to the EHRC, Sainsbury’s “willingly” agreed to sign the legal agreement, which is otherwise known as a section 23 agreement under the Equality…
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5 August
CMA clears Amazon’s Deliveroo investment
The Competition and Markets Authority (CMA) has approved Amazon’s 16% investment in Deliveroo, after finding that it will not “substantially lessen competition”. Under the deal, Amazon will acquire 16% of Deliveroo as the lead investor in a $575m (£438m) funding, which was first announced last year. At that point the…
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4 August
Dixons Carphone to axe 800 jobs
Dixons Carphone is set to axe 800 management roles in a bid to restructure and streamline the company. The Currys PC World owner confirmed it has now begun a consultation process with affected employees. It comes as the group is looking to shake up its management structure. It now plans…
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4 August
DW Sports falls into administration, 1,700 jobs at risk
DW Sports has collapsed into administration, placing around 1,700 jobs at risk. BDO announced that its restructuring partners, Graham Newton and Ryan Grant, were appointed joint administrators of the sportswear and fitness company on 3 August 2020. The group currently operates 50 retail sites and 73 gyms across the UK,…
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4 August
Mandatory face coverings sparks ‘modest’ uplift in footfall
Footfall across all UK retail destinations saw a “modest” uplift last week, with footfall up by 2.8% against the week prior. According to Springboard, this may have been boosted by the mandatory use of face coverings in shops, after footfall was up by 4.4% the weekend the rule was introduced. …
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4 August
AO to open new 115,000 sq ft warehouse
Online electricals retailer AO has expanded its logistic capabilities with the opening of a new 115,000 sq ft warehouse in Stafford. The new warehouse will also create 250 new roles with AO adding that the recruitment drive has been launched to manage the “sustained demand” created by customers turning to…
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