News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Mar- 2019 -27 March
Shopper satisfaction with online delivery falls
New research has suggested that there has been a “notable decline” in shopper satisfaction with online delivery, after several years of it remaining stable. The findings come from the IMRG Consumer Delivery Review 2018, an annual survey asking 2,000 UK shoppers 50 questions to understand their perceptions of online delivery.…
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27 March
Boohoo acquires online retailer MissPap
Online fashion retailer Boohoo group, has acquired the brand and intellectual property assets of women’s pureplay fashion brand MissPap for an undisclosed sum. MissPap, which was founded in 2015 in the north west of England and has amassed strong online presence with over 1 million Instagram followers, will join Boohoo’s…
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27 March
Majestic Wines to close all stores and rebrand as Naked
Majestic Wines has announced it is to close all 200 of its retail stores as it rebrands as Naked Wines, the online retailer it purchased for £70m from founder Rowan Gormley in 2015. The rebrand will see the company move all of its business online, while it says it will…
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27 March
Sports Direct considers £61.4m bid for Debenhams
Sports Direct, owned by Mike Ashley, is considering a £61.4m bid to take control over embattled department store chain Debenhams, despite the retailer rejecting its previous proposals. The sportswear retailer said the possible offer is “pre-conditional” upon Debenhams immediately appointing Ashley as its CEO and terminating the noteholder consent solicitation…
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26 March
JoJo Maman Bebe founder says retail sector is ‘extremely tough’
The founder of babywear brand, JoJo Maman Bebe, has said consumer confidence is at an all-time low in an “extremely tough” retail sector. JoJo Maman Bebe has seen 20% growth per year and now has the capacity to send out 6,000 parcels a day, recently however, the company says it…
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26 March
Moss Bros suffers £4.2m loss in 2018
Men’s fashion retailer Moss Bros has reported statutory loss before tax of £4.2m for the year ending 26 January 2019. This included store fixed asset impairment charges and dilapidation provisions of £2.6m and reorganisation and employee related charges of £1.2m. EBITDA fell to £6.6m during the year, compared with £13.3m…
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26 March
Sports Direct considers cash offer for Debenhams
Sports Direct has revealed it is mulling over a cash offer for embattled department store Debenhams, despite the retailer rejecting its previous proposals. Sports Direct said Debenhams’ current restructuring and refinancing process was “likely to result in an adverse outcome” for its existing shareholders. The sportswear retailer has made several…
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25 March
Pretty Green set to appoint administrators this week
Fashion brand, Pretty Green is set to draft in administrators this week after it filed a notice of intention to appoint Moorfields Advisory to handle an insolvency protest. The brand, owned by Oasis frontman Liam Gallagher, called in advisors from the accountancy firm last month after sources told Drapers the…
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25 March
Paperchase CVA proposal approved by creditors
The creditors of stationery retailer Paperchase have approved its proposed company voluntary arrangement (CVA). The retailer originally announced the CVA proposal on 4 March, and at the time said some 45 sites would “largely remain unchanged”, whilst turnover rents would be proposed at 70 sites, with a “varying guaranteed minimum…
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25 March
Sports Direct slams Debenhams for rejecting £100m offer
Sports Direct has criticised Debenhams for rejecting its offer to acquire its Danish company Magasin Du Nord for £100m. On Friday (22 March), the struggling department store announced it had secured a £200m refinancing lifeline, shortly after Mike Ashley’s Sports Direct made the proposal which gave Debenhams the 12 month…
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