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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Jun- 2020 -18 June
Long Tall Sally to cease trading after 45 years
Womens fashion retailer Long Tall Sally is to cease trading after nearly 45 years. In a statement released on its site, the fashion retailer said the changing economics of retail, along with “fierce competition” have hit the company hard, along with the “profound impact” of Covid-19 pandemic further weakening its…
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18 June
Tesco offloads Polish arm
Tesco has confirmed the offload of its Polish business through its sale to Salling Group A/S. The transaction includes the sale of 301 stores, as well as its associated distribution centres and head office. The deal had a total value of zł900m (£181m), with total net proceeds expected to be zł819m…
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18 June
Supreme Court rules against Mastercard and Visa in interchange fees battle
Visa and Mastercard could be set to pay billions in compensation to some of the UK’s top retailers following a court ruling which found that the two payment companies had breached competition laws. The Supreme Court today (17 June) unanimously upheld the conclusion of the Court of Appeal that the…
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17 June
The Retail Mutual launches #OpenForBusiness campaign to support independents
The Retail Mutual has launched a social media campaign to support independent businesses, after non-essential retailers were permitted to reopen their stores earlier this week. Specialist cover provider for independent businesses has created the Open for Business campaign to “celebrate and support” high street retailers and to encourage consumers to…
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17 June
Forever 21 re-enters UK market with new online store
Forever 21 has re-entered the UK market following its administration last year, with the launch of a new online store. The US-based retailer has launched a new UK online store to service its British consumers with the full international assortment, an “improved” site and localised e-commerce experience. The brand is…
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17 June
Debenhams opens 38 more stores following ‘successful’ Monday reopening
Department store chain Debenhams has announced it will reopen a further 38 stores in England, following the “successful reopening” of 50 of its stores earlier this week. Debenhams revealed that four stores have also reopened in Northern Ireland, whilst the business awaits confirmation from Wales and Scotland as to when…
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17 June
Boohoo snaps up Oasis and Warehouse
Boohoo has acquired the online businesses of Oasis and Warehouse, following a £5.25m cash transaction with Hilco Capital Limited. The fashion group said the brands would be a “complementary” addition to its current portfolio, and it will now work to integrate them onto its platform in the coming months. The…
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16 June
Covid-19 to add £5.3bn to UK e-commerce in 2020
The surge in online shopping caused by the Covid-19 pandemic is expected to add £5.3bn to UK e-commerce sales this year, to reach a total of £78.9bn. This is according to analysts at Edge Retail Insight, the global trend forecasting arm of retail insights firm Edge by Ascential, which have…
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16 June
Footfall up 41% yesterday morning as shoppers returned to high streets
Retail footfall across high streets, shopping centres and retail parks in England increased by 41.7% yesterday morning (15 June) in comparison to last week, and by 51.7% in England’s high streets, according to the latest data from retail experts Springboard. The 51.7% rise in footfall in high streets from last…
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16 June
Joules predicts £3m loss after pandemic hit
Fashion retailer Joules has predicted an underlying loss for its 2020 financial year of between £2m and £3m attributed to the impact of the coronavirus pandemic. In a pre-closing update ended 31 May 2020, Joules said the impact of the Covid-19 virus between March and May resulted in a “material…
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