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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Apr- 2019 -23 April
British Land to sell its 12 Sainsbury’s stores for £429m
British Land has announced the sale of 12 superstores from its joint venture with Sainsbury’s to the Realty Income Corporation for a price of £429m. The company said its share of the proceeds totals £193.5m representing a “modest premium” to September 2018 book value. The move is the latest example…
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23 April
Hot weather increases high street footfall over Easter weekend
High street footfall over the Easter bank holiday weekend increased by 6.5% on Friday, 1.2% on Saturday and 8.4% by 12pm on Easter Monday, as a result of the hot and sunny weather. According to retail intelligence firm Springboard, the result is a “clear contrast” to Easter 2018, when poor…
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23 April
Asos and Zalando retail tycoon loses children in Sri Lanka attacks
Anders Holch Povlsen, a Danish billionaire with stakes in both Asos and Zalando, has lost three of his four children in the Sri Lanka bombing attacks. His family were visiting the country over the Easter break and a spokesman for Bestseller, the international clothes retailer chain Holch Povlsen owns, confirmed…
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18 April
Debenhams CEO exits
Sergio Bucher, CEO of department store Debenhams, has stepped down from his role just a week after the company went into administration and under the control of its lenders. His departure is expected to allow new leadership to conduct the restructure and turnaround of the business. Debenhams entered a pre-pack…
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18 April
Largest store for 25 years opens in Centre:MK
Centre:MK is set to open its largest store in 25 years with the opening of a 75,000 square foot Primark in the former site of BHS. The new store on Silbury Arcade opens a week after Primark opened its largest ever store in Birmingham. The new store at Centre:MK has…
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18 April
UK retail sector bounces back in March
In the three months to March 2019, the quantity bought in retail sales increased by 1.6% compared with the previous quarter in 2018, according to new figures from the ONS. The sales increase has been attributed to “sustained growth” throughout the first three months of the year, and all store…
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18 April
Kuwait-based investors acquire 50% stake of Intu Derby
Intu properties and Cale Street Investments LP, an investment firm backed by the Kuwait Investment Office, London, have announced the establishment of a 50/50 joint venture for the Intu Derby shopping centre. The real estate investment firm will acquire for cash the 50% interest for consideration which values their share…
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18 April
Sports Direct sells flagship Dublin store for £17.3m
Sports Direct has reportedly sold its flagship Dublin store for €20m (£17.3m) in an off-market sale-and-leaseback deal to an unnamed investor. According to the Irish Times, under the deal, the retailer will continue to occupy the premises while paying the owner an annual rent of €950,000 (£823,802) for the next…
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17 April
Morrisons granted Supreme Court data breach appeal
Morrisons has been granted permission to appeal to the Supreme Court after it was found responsible for a data breach which affected more than 100,000 employees. The latest appeal follows the October 2018 decision by the Court of Appeal to uphold the original verdict of the High Court on vicarious…
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17 April
Arket launches recycling scheme for ‘unwanted’ clothes and shoes
Fashion retailer Arket has announced a new recycling scheme for unwanted clothes and shoes, due to launch at the end of April at all of its stores. Customers will be able to bring “unwanted textiles” to any store, where the products will be taken care of and returned to the…
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