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.
-
Jun- 2020 -25 June
Amazon’s proposed stake in Deliveroo cleared by CMA
The Competition and Markets Authority (CMA) has provisionally cleared Amazon’s 16% investment in Deliveroo for the second time, on the basis that it is not likely to result in a “substantial lessening of competition”. In its initial provisional findings, published in April, the CMA provisionally cleared Amazon’s investment on the…
Read More » -
25 June
The Very Group to cut 141 roles as part of tech restructure
The Very Group has announced it is set to cut 141 roles from its head office and customer care teams as part of a restructure which will also see around a 100 roles created elsewhere. The only retail group, which operates brands such as Very.co.uk and Littlewoods.co.uk, will further expand…
Read More » -
25 June
N Brown profits slump amid year of transition
N Brown has announced that its profits before tax plunged 28.8% to £59.5m in the year ended 29 February 2020. This was largely driven by lower gross profit and “lower than expected” IFRS9 provision benefit, according to the group. In the same period, group revenue was down by 6.1% to…
Read More » -
25 June
The Mall Maidstone appoints Gavin Cockayne as general manager
Capital and Regional and The Mall Maidstone have announced the appointment of Gavin Cockayne as the new general manager, succeeding Andy Davy, who is retiring from the company after 11 years. Cockayne has over 20 years experience in the retail industry, working with a number of major UK retailers in…
Read More » -
24 June
John Lewis appoints Pippa Wicks as executive director
John Lewis has announced the appointment of Pippa Wicks as executive director. Wicks joins from the Co-op Group where she held the position of deputy chief executive and will start her new role in August. In her new role she will be responsible for trading, merchandising, marketing and developing propositions…
Read More » -
24 June
UK footfall jumps 45% during first week of retail trading
Footfall across all UK retail destinations rose by 45% during the first week of non-essential retail reopening (15 June) compared with the previous week, according to new data from Springboard. The retail insights firm said the clearest indication of the impact of non-essential retail reopening is evident from the uplifts…
Read More » -
24 June
Amazon launches small business accelerator to support over 200,000 small retailers
Amazon and Enterprise Nation, the small business support network, have launched the ‘Amazon Small Business Accelerator’, a major support package for more than 200,000 small businesses and startups across the UK. In response to Covid-19 and the “impact of the economic lockdown on small businesses”, the Amazon Small Business Accelerator…
Read More » -
24 June
Naked Wines reports £200m revenues in FY results
Naked Wines has reported a 14% increase in revenues to £203m for the full-year period ended 30 March, up from £178.4m the previous year. The company also revealed that losses before tax also reduced to £5.4m, compared with £10m in 2019. Naked Wines said the outbreak of the coronavirus pandemic…
Read More » -
23 June
PM confirms relaxation of two-metre social distancing rule
Boris Johnson has announced a reduction in the two-metre social distancing rule. In a speech in parliament this afternoon, the PM said that while maintaining at least a two-metre distance is still “recommended where possible”, the official guidance will be updated to recommend “one-metre-plus” where necessary, if “mitigations” such as…
Read More » -
23 June
Convenience store sales outpace growth of overall grocery market in June
Sales at UK convenience stores grew by almost a fifth (17%) in the last four weeks ending 13 June 2020, as UK consumers in lockdown prioritise shopping at their most local and convenient store. This is according to new data from Nielsen, which found that demand for convenience shopping had…
Read More »
