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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Jan- 2020 -30 January
Frasers Group settles Belgian tax dispute
Frasers Group has announced it is in the clear with Belgian authorities over an outstanding tax bill that equated to £571m. Belgian authorities had been looking into a number of matters with the group, including ‘Matter 1’, which accounted for 73% of the total £571m owed. In its latest update,…
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29 January
N Brown strengthens executive management team
Online clothing and footwear retailer, N Brown, has announced that Sarah Welsh will be joining the company in the newly created role of retail CEO. Welsh will start on Monday 30 March 2020 and will report directly to group CEO, Steve Johnson. She will be responsible for all aspects of…
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29 January
Ted Baker appoints chief customer officer
Ted Baker has announced that Jennifer Roebuck will take up the newly created leadership role of chief customer officer (CCO) following a “thorough search process” conducted by the fashion retailer. Roebuck will move from her current position as chief marketing officer at online beauty market Feel Unique. Prior to this,…
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29 January
Retail sales fall flat for third consecutive month, CBI finds
Retail sales volumes were flat for the third consecutive month in the year to January with no growth expected next month, according to the latest monthly CBI Distributive Trends Survey. The figures indicate retail sales volumes posted no growth in the year to January (0%, unchanged from December) and that…
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29 January
SCS CEO to depart following Christmas sales rise
The chief executive of furniture retailer SCS, David Knight, is to step down. Knight joined the business 32 years ago and has decided to leave the group once a successor is in place. He has been given 12 months notice in accordance with his contract, he said he is prepared…
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28 January
Seasalt reports double-digit sales growth over Christmas
Cornish fashion retailer Seasalt has reported a 14% increase in overall sales for the five-week period ending 4 January 2020. The brand said the positive sales growth was recorded across all channels, with online sales up 13% and UK stores seeing a 15% sales increase year-on-year. International sales were also…
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28 January
Intu continues disposals by offloading Spanish shopping centre
Shopping centre owner Intu has offloaded its second Spanish shopping centre as it attempts to fix its balance sheet. The company confirmed that a joint venture company through affiliates of Intu properties and Canada Pension Plan Investment Board has exchanged contracts to sell Intu Asturias shopping centre to the ECE…
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28 January
Over 31,000 retailers report signs of ‘significant financial distress’
The number of retail businesses in “significant financial distress” grew to 31,615 in the fourth quarter of 2019, according to research by corporate restructuring firm Begbies Traynor. The firm also reported a 8% year-on-year increase in the number of online retailers facing financial distress. Begbies Traynor’s Red Flag Alert research,…
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28 January
Sainsbury’s pledges to become carbon neutral by 2040
Sainsbury’s has announced it will commit £1bn towards becoming carbon neutral by 2040. The supermarket giant will use the £1bn investment to “implement a programme of changes”, including reducing carbon emissions, food waste, plastic packaging and water usage, and aim to increase recycling, biodiversity and healthy and sustainable eating. The…
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27 January
10,000 retail jobs lost in 2020
Almost 10,000 retail jobs have been lost in 2020 amid a “torrid” start to the new year, according to the Centre for Retail Research. The research group revealed that 9,949 jobs have been lost in the first three weeks of 2020, amid store closures at Debenhams, GAME, HMV, Arcadia and…
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