News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Feb- 2021 -25 February
Retail set for 50% April increase to footfall
UK retail destinations are expected to see footfall rise by 47.9% upon the reopening of non-essential retail and outdoor hospitality…
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25 February
Ikea UK hit with £33m loss amid pandemic
Ikea UK has announced that total sales fell by £200m to £1.9bn in its full-year ended 31 August 2020, down…
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25 February
Primark forecasts £1.1bn sales hit
The owner of Primark is expecting to lose £1.1bn in sales during the first half of its financial year due…
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25 February
N Brown Group chairman to step down
N Brown Group has announced that Matt Davies will step down as chairman with effect from 31 March 2021 to…
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25 February
Amazon tops annual list of global retailers with $1.63tn market cap
Amazon has topped the list of the top 25 global retailers with a £1.15bn ($1.63tn) market cap for the year…
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24 February
Puma reports 9.1% sales rise in Q4
Puma has reported a 9.1% sales increase in its financial results for the fourth quarter of 2020. The bulk of…
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24 February
Angling Direct sees revenue soar by 27%
Fishing tackle and equipment retailer Angling Direct is expecting to report a 27% increase in revenue to £67.6m for the…
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24 February
Chancellor expected to extend furlough until May
Chancellor Rishi Sunak is expected to announce a further extension to the government’s furlough scheme until May in his Budget…
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24 February
Scotland to reopen non-essential retail from 26 April
First minister Nicola Sturgeon has announced that non-essential retailers in Scotland will be able to reopen from 26 April. Sturgeon…
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24 February
Gap battles landlords in bid to shutter stores
Gap is reportedly battling its landlords ahead of plans to “hand back the keys” to all its UK stores this…
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