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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Aug- 2019 -30 August
Shoe Zone CEO quits amid profit warning
The chief executive of value footwear retailer Shoe Zone, Nick Davies, has resigned from his position with immediate effect, on the same day the company issued a warning that profits will be below expectations. The company revealed that trading conditions since the group’s interim results on 21 May 2019 “have…
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29 August
M&S at risk of falling out of FTSE 100
Marks and Spencer could fall out of the FTSE 100 unless it is able to increase its share prices by next Wednesday (4 September), according to a report by The Telegraph. It comes after Marks and Spencer reported a fall in both sales and profits in May, with the latter…
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29 August
Retailers urged to do more to prevent sales of knives to under 18s
Trading Standards is urging retailers to do more to prevent the sale of knives to children, after 15% of its test saw under 18s sold knives last year. Of 2231 tests, carried out in England and Wales between 1 April 2018 and 31 March 2019, retailers failed to prevent the…
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29 August
McColl’s Q3 sales fall 3.6% amid poor weather and Brexit uncertainty
Convenience retailer McColl’s has reported a 3.6% drop in revenue during the third quarter of the year, attributed to the “challenging retail trading environment” and “poorer weather across the summer”. During the 13 week period ending 25 August 2019, McColl’s revealed like-for-like (LFL) sales were also down 2.2%. This means…
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29 August
Forever 21 reportedly contemplates filing for bankruptcy
American fast fashion retail chain Forever 21 is reportedly preparing for a potential bankruptcy filing, after restructuring and debt restructure talks stalled. The retailer wants to secure a potential debtor-in-possession loan to take the company into Chapter 11 bankruptcy, according to Bloomberg. A source told the publication, a bankruptcy filing…
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28 August
Tesco workers to consult EU court over equal pay
Thousands of Tesco supermarket workers have submitted an application to the European Court of Justice for clarification on equal pay legislation. Law firm Leigh Day is representing store workers at the supermarket chain, who are demanding equal pay with workers in its distribution centres. The legal clarification will also seek…
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28 August
£1bn ‘Future High Streets Fund’ expanded to 50 more areas
Prime Minister Boris Johnson has announced that an additional 50 towns will benefit from the £1bn Future High Streets Fund. Towns across England – from Dudley to Dover and Scarborough to Stockport – will join 50 successful areas already shortlisted to develop plans to reinvent their high streets. According to…
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28 August
Shop prices down amid ‘weak consumer spending’ and ‘stiff competition’
August Shop Prices fell by 0.4% compared to a 0.1% decrease in July attributed to “weak consumer spending” and “stiff competition, according to latest BRC-Nielsen Shop Price Index. This is below the 12 and six-month average price increases, both of 0.3%, and is the fastest rate of decline since June…
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28 August
US landlords drop legal challenge against Arcadia
The two US landlords involved in the legal challenge against Arcadia’s company voluntary agreements (CVAs) have dropped their case, following “significant and constructive” dialogue. Arcadia received the challenge US property firms Vornado and Caruso in July, following the approval of seven CVAs in June. The CVAs will see all 11…
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27 August
Clarks seeking rent reductions of up to 30%
Shoe retailer Clarks has revealed it seeking rent reductions of up to 30% following a period of “poor trading”, according to a report by The Sunday Times. The report said the retailer asked landlords to extend leases on certain stores in return for reduced rent costs. A source also told…
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