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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Jun- 2019 -28 June
Boots sees sales decline in Q3
Retail sales at Boots UK declined 2.6% in its Q3 results ending 31 May 2019 while pharmacy sales increased 0.8%. The health and beauty chain’s sales had an impact on its parent company Walgreens Boots Alliance’s overall performance, as it saw sales of $2.8bn (£2.2bn) – a decrease of 7.3%…
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28 June
French Connection delays company sale
Fashion retailer French Connection is set to delay completion of its sale to September, to coincide with the company’s interim earnings report. Talks will still be ongoing with interested parties in the meantime. The statement from the company released today (28 June) said: “Discussions have progressed since then and are…
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27 June
Kingfisher appoints former Carrefour boss as new CEO
DIY retailer retailer Kingfisher, which owns B&Q, has appointed Thierry Garnier as its new chief executive officer. Garnier will be appointed to the board as an executive director and will take over from Véronique Laury as CEO. He will be based at Kingfisher’s headquarters in London and will join Kingfisher…
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27 June
Wyevale sells Podington store to Cherry Lane
Wyevale Garden Centres has announced its Podington Garden Centre has been sold to Cherry Lane Garden Centre. The sale is expected to complete by the middle of August, with Wyevale continuing to operate the centre until this date. Cherry Lane also acquired its Barnett Hill Garden Centre in March 2019.…
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27 June
Staff at Sainsbury’s Waltham Point warehouse go on strike
Up to a third of workers at Sainsbury’s largest depot have gone on a 24 hour strike against the company’s decision to change its absence policy. The action was approved last month by members of the Union of Shop, Distributive and Allied Workers (Usdaw), and will run until 6am tomorrow…
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27 June
Bathstore goes into administration putting 500 jobs at risk
Bathroom retailer Bathstore has appointed audit and business advisory firm BDO as administrators as the company attempts to be sold as a going concern. The retailer has 135 stores across the UK and employs 531 staff; it will continue to trade as normal. Ryan Grant, BDO business restructuring partner, said:…
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26 June
Bonmarche asks shareholders to accept Philip Day offer
The board of embattled womenswear retailer Bonmarché has reversed its opposition to Edinburgh Woollen Mill owner Philip Day’s £5.7m offer for the company and has asked shareholders to accept the offer. In an update to shareholders the board explained its change of stance citing “poor” trading during the first quarter…
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26 June
Cash Converters acquires 28 pawn books from The Money Shop
Second hand retailer, Cash Converters, has acquired pawnbroking loan books from The Money Shop, after the instant cash loan company closed a selection of branches across the UK. As part of the deal, Cash Converters have acquired 28 books, which span the breadth of the UK. Nine franchisees have taken…
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26 June
Gear4music swings to almost £600K loss despite sales spike
Music equipment and instrument retailer Gear4music has posted losses before tax of £600,000 for the 13 months ended 31 March 2019. EBITDA also declined to £2.3m during the period, £1.2m lower than 2018. Despite this, revenue increased by 48% to £118m during the period, compared with £80m recorded the previous…
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26 June
New shopping centre to open in old Eurostar terminal
Commercial developer London and Continental Railways (LCR), has announced plans to open a new shopping centre, Waterloo.London based in a former Eurostar terminal. The centre is expected to open in 2021, the 135,000 sq ft development will include 40 retail units, a mezzanine, and public spaces along a new pedestrianised…
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