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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May- 2020 -19 May
N Brown secures new funding as sales drop 25% since lockdown
Jacamo, JD Williams and Simply Be owner N Brown has revealed it has secured a new £50m funding facility as it looks to weather the impact of the coronavirus pandemic which saw its sales fall by 25% over the last six weeks. In a trading update the company said it…
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19 May
Ted Baker appoints David Wolffe as CFO
Global lifestyle brand, Ted Baker, has announced the appointment of David Wolffe as its new chief financial officer with immediate effect. Wolffe, who will join the board immediately, has over twenty years’ experience in finance roles for both public and private businesses, including the group CFO role at HMV Group…
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19 May
Aldi trials grocery home delivery with Deliveroo
Aldi has announced it has teamed up with Deliveroo on trailing an on-demand grocery home delivery service in the UK. Aldi has started to offer a “rapid delivery” from its Daleside Road store in Nottingham, before extending the trial to a further seven stores across the East Midlands in June.…
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19 May
French Connection seeks urgent funding
French Connection has revealed it is in “active discussions” with potential funding partners in order to seek emergency cash as the pandemic continues. The move comes as the fashion retailer warned of a “continued expected weak trading environment” in light of the ongoing crisis. It added that without securing additional…
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18 May
Nike warns on subdued Q4 results amid Covid-19 lockdown
Sport fashion retailer Nike has warned this its fourth quarter sales will be impacted by the Covid-19 lockdown. Since mid-March, the vast majority of Nike-owned and wholesale partner stores outside Greater China and South Korea have been completely closed in order to protect the health and safety of staff and…
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18 May
VF Corp sees FY revenues jump 2% but warns Q1 earnings may halve
VF Corporation, the owner of brands such as Vans, The North Face and Timberland, has reported a 2% increase in full-year revenues but has warned that it expects current-quarter revenue to more than halve due to the coronavirus outbreak. In a trading update for the full-year ended March 28, 2020,…
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18 May
Shoppers remain cautious amid lockdown easing, says Springboard
Footfall across bricks and mortar destinations increased by 3.3% between 11 May and 16 May, marking a “cautious” return of footfall, according to Springboard. The latest data from the insights group marked the fourth weekly footfall increase in six weeks, but was “more modest” than the rise of 11.7% in…
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18 May
Central England Co-op reports rise in ‘violent’ threats to staff during lockdown
Central England Co-op has reported a rise in “violent” offences being carried out against its staff amid the Covid-19 pandemic. The company reported problems which include verbal abuse and threats, alongside customers threatening to cough and spit on employees. Figures for the past four weeks have revealed an increase in…
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15 May
Consumer spending slumped over 30% in April
Consumer spending contracted by 36.5% year-on-year in April, according to new data from Barclaycard. The research revealed that spending on essential items declined by 7.5%, which can largely be attributed to a 58.9% reduction in fuel spend. Supermarkets, meanwhile, continued to see a boost in sales – climbing 14.3% as…
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15 May
Poundland to reopen 36 stores across the UK
Discount chain Poundland has revealed it is set to open 36 stores across the UK next week as it begins to reopen its store estate. While most of Poundlands stores have remained open for “essential” shopping, In March, the retailer closed around 100 stores that were located close to another…
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