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.
-
Jun- 2019 -6 June
Arcadia delays creditors’ meeting
Retail company Arcadia has delayed its planned creditors meetings to vote on the company voluntary arrangement (CVA) with the revised meeting to take place on 12 June. The CVA is said to be vital to Arcadia’s restructuring and approval would allow the company to shut at least 23 stores in…
Read More » -
6 June
‘Huge’ spike in retail job vacancies, says CV-library
The amount of jobs on offer in the retail sector jumped by 56.9% in May. That’s according to the latest job market data from job board CV-Library, which compared findings from May 2019, with the same period last year. According to the firm, “major” retail players such as M&S and…
Read More » -
6 June
TfL holds competition for £100k retail space for a year
Transport for London (TfL) has launched a new innovation competition, which challenges businesses to come up with an “innovative and technological concept” that will reimagine the use of physical space in retail and deliver a unique experience for customers who travel using the transport network. The competition offers the winner…
Read More » -
6 June
Banking red tape holding back UK retailers abroad
Almost three quarters (71%) of UK retailers would like their businesses to further expand internationally, however most (57%) believe overseas expansion is fraught with risk, according to new research conducted by buy now, pay later service Laybuy. The research, published today (6 June), surveyed over 200 UK retailers and…
Read More » -
5 June
Mike Ashley makes £51.9m offer for Game after increasing stake
Mike Ashley’s Sports Direct has made a £51.9m offer for the gaming retailer Game Digital after it increasing its stake from 20% to 38.5%. Sports Direct acquired the shares from Marlborough UK Micro-Cap Growth Fund passing the 30% threshold requiring Ashley to make an offer for the shares he does…
Read More » -
5 June
Philip Green reaches agreement with pensions regulator
Arcadia owner Philip Green has reached an agreement with The Pensions Regulator in order to aid the restructure of the company. The company has agreed to provide security for the schemes to the value of £210m which includes an additional £25m agreed with regulator. Green’s wife and Arcadia shareholder Christina…
Read More » -
5 June
Card Factory sees Q1 sales rise 6%
Card Factory has reported a 6.4% rise in total group sales during the first quarter of the year thanks to what it has called a “positive start to the year” despite “challenging consumer sentiment and negative footfall on the high street”. During the first quarter ending 30 April 2019 Card…
Read More » -
5 June
Forever 21 ‘exploring restructuring options’
American fast fashion retail chain Forever 21 is reportedly exploring its financial options. Sources have told the media that the company is in talks with Apollo Global Management, an American private equity firm, regarding lining up potential debtor-in-possession financing in case the company needed to seek bankruptcy. The source told…
Read More » -
4 June
Retail sales in May see ‘biggest decline on record’
Sales decreased by 2.7% in May on a total basis, excluding Easter distortions, making it the “worst decline” since records began in January 1995, according to the latest BRC-KPMG sales monitor. However, the BRC said this was against an increase of 4.1% in May 2018, itself a four year record.…
Read More » -
4 June
Network Rail sees retail sales growth of 4.36% in 2018/19
Network Rail saw its retail sales grow 4.36% and like-for-like sales increase by 1.32% in the 2018/19 financial year – above the British Retail Consortium’s (BRC) figure of 0.05% for the whole of the retail sector in the same period. The transport company said its largest station retail offer –…
Read More »
