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 -10 June
Games Workshop announces bonuses of £5m as profits hit at least £80m
Games Workshop has announced its staff are to receive bonuses totaling £5m, as it expects full-year profit before tax to be no less than £80m. The manufacturer and retailer of fantasy miniatures said it has seen sales growth across all sales channels. It expects group sales for the year to…
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10 June
Footfall ‘plummets’ in May
Footfall declined by 3.5% in May, compared with the same point last year when it declined by 0.4%, according to the latest BRC-Springboard Footfall and Vacancies Monitor. On a three-month basis, footfall decreased by 0.7%. The six and 12-month averages are at -1.3% and -1.4% respectively. High Street footfall declined…
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10 June
Waterstones’ owner acquires Barnes and Noble in £538m deal
Elliott Management, owner of book retailer Waterstones, has announced the acquisition of US book retailer Barnes and Noble for $683m (£538m). James Daunt, CEO of Waterstones, will take the role of CEO of Barnes and Noble following the completion of the transaction and will be based in New York. Barnes…
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7 June
Arcadia amends CVA agreement to appease landlords
Retail company Arcadia has amended the rental reductions for the seven company voluntary agreement (CVA), which are needed for the company to restructure. The original CVAs requested between 35-70% rental reductions in 194 of Arcadia’s 556 locations in the UK and Ireland. However, after failing to reach agreements with certain…
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7 June
London Mayor to launch Night Time Enterprise zone
The Mayor of London, Sadiq Khan, has today announced a new programme to boost the capital’s high streets at night. The pilot zone will be an opportunity for a borough to trial a range of approaches for the high street, such as running night-time markets, testing longer opening hours, or…
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7 June
New Look founder to step down
Following completion of its restructuring transaction announced on 3 May 2019 New Look’s founder, Tom Singh, has decided to retire at the end of June. Singh founded the fashion retailer in 1969 turning a single store in Taunton into a high street regular with around 400 stores across the UK…
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7 June
Monsoon delays CVA
Monsoon Accessorize is understood to have delayed its company voluntary agreement (CVA) after landlords failed to support Arcadia’s restructuring plans earlier this week. A number of landlords are said to have rejected Arcadia’s proposals, which involved rent cuts of up to 70% on 194 shops as they deemed it “too…
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7 June
John Lewis Partnership appoints Sharon White as chairwoman
The John Lewis Partnership has announced the appointment of Sharon White as the group’s sixth chair. She will take up the role when current chairman Charlie Mayfield steps down in early 2020. Since March 2015, White has been the CEO of Ofcom, the UK’s communications services regulator. Before joining Ofcom,…
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7 June
Boohoo faces Commons pressure over Usdaw meeting refusal
Online fashion retailer Boohoo, is coming under pressure from chairman of the Environmental Audit Committee MP Mary Creagh, as it again refused to meet for talks around its ethical trading standards. The Union of Shop, Distributive and Allied Workers (Usdaw) is the fifth largest trade union in the UK with…
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7 June
Lidl partners with charity-toy vending company
CharityPodz, the company behind the UK’s first charity-toy vending machines, has announced a new partnership with supermarket Lidl after raising over £400,000 for UK charities. The machines have been rolled out in over 500 Lidl stores, with donations going directly to the NSPCC. The vending machines are located in major…
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