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 -5 February
Amazon launches 1,000 apprenticeships across UK
Amazon has announced it is set to create 1,000 apprenticeship roles in the UK this year, as it continues to…
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5 February
Bank of England holds rates, predicts strong vaccine rebound
The Bank of England (BoE) has predicted an economic rebound in the spring led by a successful vaccine rollout, after…
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5 February
French Connection enters takeover talks
Fashion retailer French Connection has revealed it is in takeover talks with two possible suitors. In a letter from the…
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5 February
Ralph Lauren sees Q3 revenues drop 18%
Ralph Lauren has announced that in its third quarter ended 26 December 2020, revenues decreased by 18% to $1.4bn (£1.02bn)…
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5 February
Dune mulls CVA, drafts advisors for strategic review
Dune is reportedly in talks with landlords about potential rent cuts, which could lead to a CVA depending on negotiations,…
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4 February
Retail landlords charged nearly £1bn in rates on empty shops
Retail landlords have handed over almost £1bn to English Councils in business rates since the onset of the pandemic despite…
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4 February
Jigsaw sales down £31m amid pandemic
Jigsaw, a fashion clothing retailer, has reported a fall in sales of £31m for 2020 as a direct result of…
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4 February
Sainsbury’s commits to reducing greenhouse emissions
Sainsbury’s has committed to reducing greenhouse gas emissions through the use of science-based targets, with the store now hoping to…
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4 February
‘Robust’ online sales offset store closures at Watches of Switzerland
Watches of Switzerland has welcomed a period of strong trading in its third quarter ended 24 January 2021, with group…
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4 February
Retail footfall drops 65.6% in first full month of third lockdown
Retail footfall has declined 65.6% in January compared with a 41.9% drop in December, as the first full month of…
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