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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Jul- 2020 -6 July
Tesco demands large supplier discounts as it preps for ‘price war’
Big Four Grocer Tesco has reportedly demanded discounts of up to 50% from suppliers as it prepares for a price war with Aldi and Lidl. According to the Sunday Times, Tesco has given suppliers up until Friday 10 June to accept the terms which will likely be funded by abandoning…
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6 July
Morrisons appoints Jeremy Townseand as non-exec director
Morrisons has announced the appointment of Jeremy Townsend as a non-executive director with immediate effect. Townsend will also be appointed to the audit, corporate compliance and responsibility, nomination and remuneration committees. He will be appointed as chair of the audit committee with effect from 10 September 2020. Townsend currently holds…
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6 July
Boohoo to investigate illegal practices at factory
Boohoo has responded to allegations of slavery and poor working conditions after a Sunday Times exposé highlighted the conditions at supplier Jaswal Fashions in a recent undercover report. Only last week, the fashion retailer defended its business practices against accusations that it was putting workers at factories in Leicester at…
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3 July
Consumer confidence increases in June
GfK’s fourth Covid-19 flash report has revealed Consumer Confidence Index increased by three points to -27 over the past two weeks. Joe Staton, GfK‘s client strategy director, said after the recent “near-historic low” of -36 for the Consumer Confidence Barometer last month, there are some early signs of improvement…
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3 July
Boohoo denies it ‘puts workers at risk’
Online clothing retailer Boohoo has defended its business practices against accusations that it was putting workers at factories in Leicester at risk of contracting coronavirus. The allegations made by worker’s rights group Labour Behind the Label come after the East Midlands city was placed under lockdown earlier this week. The…
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3 July
Landsec welcomes ‘encouraging’ return of footfall
Landsec has announced that its shopping centres, outlets and retail parks have welcomed “encouraging” levels of footfall since their reopening last month. The retail property giant said that as of 30 June, 79% of its retail units were once again trading. Since non-essential retail opened on 15 June in England,…
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3 July
Shoe Zone appoints Peter Foot as finance director
Shoe Zone has announced the appointment of Peter Foot as finance director, effective 6 July 2020. Foot will replace Jonathan Fearn whose resignation has been accepted with effect from 31 July 2020. It is intended that Foot will be appointed to the board of Shoe Zone subject to the completion…
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2 July
Casual Dining Group falls into administration
The owner of Bella Italia and Café Rouge, Casual Dining Group, has fallen into administration. According to a report by the BBC, almost 1,900 of the group’s 6,000 strong workforce have been made redundant, with 91 sites closing their doors for good. The BBC said AlixPartners, the appointed administrators, will…
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2 July
17 million UK consumers expected to permanently shop online post-Covid-19
Some 17.2 million British consumers plan to make permanent changes to the way they shop, as perceived risks of contracting Covid-19 at physical stores redirects spending into online channels. This is according to a new report by global professional services firm Alvarez & Marsal (A&M), in partnership with Retail Economics,…
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2 July
Arcadia to cut 500 head office jobs
Arcadia has revealed it is set to cut around 500 head office roles due to the impact of the coronavirus pandemic. The group reportedly informed staff in an email on Wednesday around a fifth of its 2,500 head office staff would be affected by the restructuring. Reports suggest that the…
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