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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Apr- 2020 -9 April
Naked Wines forecasts £200m rise in sales amid coronavirus pandemic
Wine specialist Naked Wines has reported “good momentum” in its performance as it forecasts a £200m rise in its full-year revenues amid the coronavirus pandemic. The company, which operates internationally, said it has seen “strong demand” for its products through its online channel and has invested aggressively in new customer…
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8 April
Covid-19: Morrisons partners with Deliveroo
Morrisons has announced it is partnering with Deliveroo to enable customers to order essential household items from Morrisons stores for on-demand delivery. Both Morrisons and Deliveroo will “play their full part in feeding the nation” during the ongoing crisis by making 70 essential Morrisons items available to purchase on the…
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8 April
M&S announces series of initiatives to support NHS staff amid Covid-19
Marks and Spencer has announced a series of initiatives to support NHS staff amid the coronavirus pandemic. M&S has announced it is to donate thousands of specially branded t-shirts to form part of the uniform pack for the NHS Nightingale frontline team in London, as well as deliver clothing care…
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8 April
Holland & Barrett staff call for stores to close over safety concerns
Holland and Barrett has said its stores will remain open during the Covid-19 pandemic as the government views it as an essential company, despite pleas from staff to close sites over safety concerns. Staff members have launched a petition calling for stores to be closed in a bid to reduce…
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8 April
Sainsbury’s lifts food restrictions as stock levels improve
In a letter to customers Sainsbury’s CEO Mike Coupe has revealed that the supermarket giant has lifted buying restrictions on thousands of products amid the coronavirus outbreak. Coupe revealed that stock levels are now “much better” however some restrictions will stay in place for items such as pasta, UHT milk,…
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8 April
Asos reports 25% drop in sales amid Covid-19 crisis
Online retailer Asos has reported a 25% decrease in group sales over past three weeks as the UK battles the Covid-19 pandemic, despite a 21% increase in revenues to £1.6bn in its half-year results. In the six months to 29 February 2020, Asos also reported a 21% increase in retail…
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8 April
Tesco: Sales rise 30%, but virus could cost nearly £1bn
Tesco has revealed that its sales rose 30% in the first few weeks of the coronavirus crisis, in light of increased stockpiling and panic buying across the country. The surge in sales has now stabilised, however, and the group has reported that normal sales volumes are now being experienced. In…
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7 April
Ocado unveils new measures as it apologises for inability to meet demand
Ocado has issued an apology to its customers for being unable to meet the current demand for its deliveries which it said is 10 times higher than usual. As a result it has also released a series of new measures including prioritising government shield list members and stopping orders from…
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7 April
Footfall nosedives by 81%
Footfall across bricks and mortar retail destinations declined by 75.1% in the week beginning 22 March, according to the latest data from retail intelligence experts Springboard. Their findings also found that footfall plummeted by 81.4% last week, suggesting the government-enforced lockdown is working. Whilst footfall continued to decline annually, the…
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7 April
Eve Sleep promotes Cheryl Calverley as CEO
Sleep wellness brand Eve Sleep has announced CEO, James Sturrock, has informed the board of his intention to step down from his role with chief marketing officer Cheryl Calverley being promoted. Effective from 12 May 2020, Sturrock is stepping down from the position to take-up a new external role, but…
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