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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Jul- 2019 -11 July
Amazon to open second Clicks and Mortar store
Amazon is set to open its second Clicks and Mortar store in the UK, at St David’s shopping centre in Cardiff. The store is a collaboration between the online retailer and small business network Enterprise Nation, and will be open for six weeks from 22 July. The Clicks and Mortar…
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11 July
Bonmarché to be delisted as second largest shareholder sells up
Fashion retailer Bonmarché is set to become delisted as the company’s second largest shareholder sold its stake, meaning Spectre Holdings now owns more than the 75% required to take the business private. Investment fund Artemis sold its 12% share taking Philip Day’s stake up from 69% to nearly 83%. In…
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10 July
Asda Sainsbury’s merger blocked for 10 years
The Competition and Markets Authority (CMA) has prohibited Asda and Sainsbury’s from working with each other until 29 July 2019 after it blocked the supermarkets’ attempt at a merger. Concluding its investigation into the merging of the supermarkets, the order came into force on 9 July 2019 as it said…
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10 July
M&S warns it could close more than 110 stores
Marks and Spencer chief executive Steve Rowe admitted to shareholders at its AGM that plans to close 110 of its stores are “not finite” and said the retailer is paying for “not shutting stores 10 or 20 years ago”. Marks and Spencer currently has plans to axe 85 full-line stores…
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10 July
Dunelm remains ‘cautious’ as Q4 revenues jump 15%
Homewares retailer Dunelm has reported a 15.4% increase in total like-for-like (LFL) revenue for the 13-week period ended 29 June 2019. The retailer said the increase reflects “strong” underlying growth in stores and online, the benefit of a “weak comparator” period last year and favourable weather this year. Life-for-like store…
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10 July
Superdry reports annual losses of £85m
Fashion retailer Superdry has announced pre-tax losses of £85.4m for the year to 27 April, compared with the profit of £65.3m reported the previous year. The company cited the “changes to the retail market” and the “uncertainty of Brexit” as some of the contributing factors for the downturn in trade.…
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9 July
‘Worst June on record’ for retail sales, says BRC
On a total basis, sales decreased by 1.3% in June, against an increase of 2.3% in June 2018, according to new data from the BRC. The group said the decline dragged the three-month average into a decline of 0.1% and the 12-month average to an increase of 0.6%, the lowest…
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9 July
Primark founder Arthur Ryan dies aged 83
Budget fashion chain retailer Primark has announced its founder and chairman Arthury Ryan has died at the age of 83, following a short illness. Ryan founded the company, then known as Penneys, in Dublin in 1969 with the news coming just days after the retailer celebrated its 50th anniversary. It…
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9 July
Online to make up more than 50% of retail sales in 10 years
Online shopping will account for more than 50% of retail sales (up from 19% currently) in the next 10 years according to a new report, The Digital Tipping Point, out today (Tuesday 9 July). Commissioned by law firm Womble Bond Dickinson (WBD) which advises a wide range of retailers, the…
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9 July
M and G withdraws court action against Debenhams
Real estate company M and G Real Estate has withdrawn its court challenge against retailer Debenhams, helping the retailer restructure through company voluntary arrangements (CVA). M and G had originally disagreed with the CVAs, which would allow Debenhams to reduce rent leading to the real estate company filing a court…
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