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 -14 June
Amazon and Morrisons expand Prime partnership
Online retailer Amazon, has expanded its Prime partnership with supermarket chain Morrisons, moving into five cities later this year. Morrisons at Amazon, is a same day, online home delivery service, currently available to Amazon Prime Now customers in Leeds, Manchester, Birmingham, and parts of London and the home counties. Customers…
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13 June
Lidl to open first central London store amid £500m expansion
Lidl has announced a £500m expansion plan for London, which will see the grocer open its first store in the West End. The investment is planned for the next five years, and will enable Lidl to open over 40 new outlets in London, including in Alperton, East Acton, Hackbridge and…
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13 June
Majestic Wine records loss as focus switches to online
Wine retailer Majestic Wine, has recorded an £8.5m loss for the financial year up 2 April, in spite of a 6.3% increase in reported revenue to £506.1m. Alongside the stores impairment charge, the retailer also invested extra funds into its online company Naked Wines. The extra investment saw, revenue at…
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13 June
Tesco Q1 sales slow amid ‘subdued’ UK market
Tesco has reported Q1 like-for-like sales growth of 0.2% attributed to what it calls a “subdued” UK market. For the 13 week period ending 25 May 2019, group sales reached £13.9bn. In the UK the Big Four grocer saw like-for-like sales increase by 0.2% to £9.1bn. Despite the slowdown Tesco…
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13 June
Businesses rates to better reflect property value under new law
Business rates payers in England will have bills that more accurately reflect current property values under new legislation introduced by ministers yesterday (12 June 2019). Property revaluations will increase to every three years, from the current five years, and the next revaluation will be brought forward a year from 2022…
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12 June
Arcadia creditors approve CVA proposals
Retail group Arcadia, has announced that all seven of its company voluntary arrangements (CVAs) have today been approved by the required majority of the companies’ creditors, including its pension trustees, suppliers and landlords. The approval allows the retailer to restructure, closing around 23 stores, in a bid to prevent going…
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12 June
Boohoo Q1 sales surge 39%
Boohoo has seen group sales surge 39% as revenues reached £245.3m for the three months ending 31 May. The online fashion retailer said it experienced strong revenue growth across all geographies with the UK up 27% to £140.6m and international up 56%. Across its brands, sales at Boohoo were £123.5m…
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12 June
Select CVA secures 87% creditor approval
Proposals for the Company Voluntary Arrangement (CVA) for high street fashion retailer Select has been approved by 87% of its creditors. The company, which is owned by Genus UK, previously fell into administration on 9 May 2019. Following this, joint administrators, Andrew Andronikou, Brian Burke and Carl Jackson of business…
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12 June
Zara owner records a 10% profit rise
Spanish fashion retailer Inditex, has announced a 10% rise in net profit for Q1, up to €734m (£634m). Net sales saw record growth for the first quarter, rising by 5% to €5.93bn (£5.2bn). EBITDA rose 49% to €3.53bn (£3.14bn), alongside a 6% rise in gross profit to €3.5bn (£3.1bn). Inditex…
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12 June
Sports Direct challenges Debenhams CVA
Department store Debenhams has confirmed Sports Direct is among the parties which have sent applications to challenge its CVA which was voted through by creditors on 9 May. Debenhams went under the control of its lenders when it entered a pre-pack administration in April. Debenhams Group Holdings Limited, its subsidiaries…
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