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 -19 February
Retail sales tumble 8.2% in January despite online boom
Retail sales tumbled by 8.2% in January despite rising online sales, as stores were hit by heightened restrictions amid the…
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19 February
Arcadia owed creditors £800m upon collapse
Arcadia, the owner of Topshop, Dorothy Perkins, and Miss Selfridge, reportedly owed £800m to its creditors upon its collapse in…
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19 February
H&M issues £433m sustainability-linked bond
H&M has issued a €500m (£433m) sustainability-linked bond with a maturity of 8.5 years which will aim at providing incentives…
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19 February
Asda reports sales boost thanks to strong Christmas performance
Asda has reported a solid sales boost in the fourth quarter ended 31 December, with like-for-like sales, excluding fuel, up…
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18 February
Topshop collapse hits creditors with £176m loss
Topshop and Topman creditors are reportedly facing losses of £176m since the demise of Sir Phillip Green’s Arcadia, according to…
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18 February
John Lewis signs up to HRH Terra Carta initiative
John Lewis has announced it has become the first retailer to sign-up to HRH The Prince of Wales’ Terra Carta,…
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18 February
Iceland sacks director over offensive comments about Wales
Iceland has sacked its director of corporate affairs, Keith Hann, after he made a series of offensive comments about Wales. …
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18 February
850 retail jobs lost a day so far in 2021
New research has found that 850 retail jobs have been lost every working day so far in 2021, with experts…
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18 February
Charity retailers’ progress stunted by lockdown restrictions
Despite an encouraging start to the period, lockdown restrictions have “taken their toll” on the performance of charity retailers in…
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18 February
Moonpig expects FY revenues to double amid Valentine’s boost
Moonpig has announced it expects revenues for the financial year ending 30 April 2021 to approximately double to £173m. The…
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