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 -20 January
Beales to vote on administration
Embattled department store chain Beales is on the brink of administration, with reports suggesting it will hold a meeting on whether to appoint KPMG as administrators later today (20 January). According to Sky News, the decision to appoint administrators will be held while the company still searches for a buyer.…
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20 January
Intu seeks £1bn of emergency funds
Intu has announced it will seek to raise equity in its efforts to fix its balance sheet. The commercial real estate giant said it was a “number one priority” to make progress in its strategy to fix the balance sheet, which included targeting an equity raise alongside its full year…
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17 January
Moss Bros sales slip in half-year results
Men’s fashion retailer Moss Bros has reported a 3% decrease in total sales for the 24-week period ended 11 January 2020. Hire sales, which accounted for just under 8% of group revenue in the period, slumped by 17.7% on a like-for-like basis. Additionally, total retail sales, including e-commerce and wholesale,…
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17 January
Sector calls for action as 115 shop workers attacked every day
The retail sector has called for the government to take greater action in protecting shop staff after the British Retail Consortium (BRC) revealed that 115 attacks take place everyday. The BRC said that following a consultation that closed over six months ago an estimated 21,000 shop workers have been attacked…
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17 January
Paphitis delivers ‘resilient’ full year and Christmas performance
The Paphitis retail group has reported a ‘resilient’ performance amid ‘challenging’ conditions in both its full year and Christmas results. Total revenue for Ryman increased by 1.4% to £129.9m in the full financial year, while EBITDA increased 6.5% to £8.2m. This reflected “new categories, development of related services and customer…
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17 January
Morrisons appoints new executive promotions
Morrisons has appointed Andy Atkinson as its group commercial director and David Lepley its group retail director. The news follows the appointment of Trevor Strain as its chief operating officer and Michael Gleeson as chief financial officer. Atkinson joined Morrisons in 2012 and has held the positions of group customer…
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16 January
Primark sales jump in first-quarter results
Associated British Food (ABF) has reported a 4% increase in group revenue for the 16 weeks ended 4 January 2020, driven by strong trading from Primark over the festive period. Primark saw sales increase by 4.5% compared with the same period last year, and the group said the sales growth…
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16 January
The Works CEO steps down despite ‘solid’ Christmas sales
The CEO of gifts and crafts retailer The Works has stepped down from his role, despite the company reporting “solid” like-for-like sales in its latest trading update. Kevin Keaney held the position of CEO at The Works for almost nine years, has decided to step down as CEO and from…
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16 January
N Brown Group issues profit warning amid falling revenues
The owner of plus size clothing brands Simply Be and Jacamo, the N Brown Group, has issued a profit warning amid falling revenues. The group has revealed it now expects full-year profits to come in lower than previous expectations of £78-£84.1m at around £70m-£72m. In the 18 weeks to 4…
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16 January
Halfords hails ‘strong’ Q3 sales performance
Halfords has reported a “solid” performance in its third quarter of trading, with total group revenue up 4.6%. In the 14 weeks ended 3 January 2020, like-for-like revenue was also up 1.3%. Retail cycling delivered “strong sales growth” in particular, with like-for-like sales increasing 5.9% in the period. Halfords said…
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