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 -2 June
Sainsbury’s CEO reveals new appointments to operating board
Sainsbury’s new chief executive officer, Simon Roberts, has made two changes to the ‘Big Four’ grocers operating board. Clo Moriarty, previously chief digital director, will take on the new role of retail and digital director. Mark Given, Sainsbury’s chief marketing officer, has been promoted to the operating board. Moriarty has…
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2 June
Reiss announces phased reopening of stores
British clothing brand Reiss has announced a phased reopening of a select number of UK stores, effective 15 June 2020. Reiss said following a “successful reopening” of select stores in Europe, the initial phase for the UK will see the brand reopen 26 stores across the country, including both stand-alone…
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2 June
Tesco CFO Alan Stewart announces plans to step down
Tesco has announced that CFO Alan Stewart has decided to retire from the position and leave the company on 30 April 2021. The company board is now conducting both an internal and external search to identify a successor. Stewart joined the grocer in 2014, as a member of the board…
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2 June
Card Factory profits slide in full-year results
Card Factory has revealed that its underlying profit before tax fell 11.8% to £67.2m for the year ended 31 January 2020. In the same period, like-for-like sales were down 0.5%, reflecting “weak” consumer confidence and a decline in high street footfall in the second half of the year. Nonetheless, the…
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1 June
Boohoo faces $100m US lawsuit over fake promotion claims
Boohoo is reportedly facing a $100m (£81m) civil lawsuit from a US law firm over claims it misled shoppers over running sales promotions based on “fake” prices. According to The Telegraph, the lawsuit is being brought forward from Californian firms Almadani Law and AI Law which have accused the retailer…
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1 June
Ted Baker raises £95m rescue fund amid full-year losses
Embattled fashion retailer Ted Baker has announced its intent to raise approximately £95m in gross proceeds to support it through the Covid-19 crisis. It comes after the retailer’s profits before tax slumped to £79.9m for the year ended 25 January, down from the profits of £30.7m it made in 2018.…
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1 June
Primark outlines 15 June reopening
Primark has detailed its plans to reopen its UK estate, following the recent government announcement that non-essential retail may resume on 15 June. It comes as the clothing retailer started reopening its stores across Europe, after European governments began to ease restrictions for retailers following a global lockdown. Whilst the…
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1 June
Topps Tiles announces £18.1m sale of HQ and warehouse
Topps Tile has agreed a sale and leaseback of its head office and central warehouse building to UK Warehouse Properties for £18.1m amid the Covid-19 pandemic. The retailer revealed the proceeds from the sale of the properties situated in Leicester and will “further strengthen” the group’s financial position as it…
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May- 2020 -29 May
Monsoon Accessorize on brink of appointing administrators
Fashion retailer Monsoon Accessorize is reportedly on the brink of appointing administrators. According to Sky News, Monsoon’s owner Peter Simon is set to file a notice of intention to appoint administrators shortly. Reports also suggest Simon is lining up FRP Advisory to handle the process. As a result the move…
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29 May
B&M sales surge amid lockdown
B&M has revealed it enjoyed a “strong” end to its fourth quarter trading, with like-for-like revenues up 6.6% in the quarter ended 28 March. The value retailer said that this result was driven by an “exceptionally” strong March performance in its grocery sector. The group also reported a “strong” revenue…
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