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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Jan- 2021 -27 January
Arcadia collapsed owing creditors £750m
Philip Green’s retail empire, Arcadia, reportedly fell into administration while owing its creditors £750m. The debts, first reported by the…
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27 January
Lidl gifts £200 bonus to employees
Lidl has announced that it will pay all its UK colleagues a one-off £200 thank you payment for their “hard…
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27 January
Paperchase rescued in pre-pack Permira deal
The majority of Paperchase stores are reportedly set to be rescued in a pre-pack deal that is poised to save…
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27 January
Estée Lauder Companies supply chain VP to step down
The Estée Lauder Companies (ELC) has announced that after nearly 13 years with the company, Gregory F. Polcer, executive VP,…
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27 January
Poundland owner reports Q1 sales drop
Pepco Group, which owns brands such as Poundland in the UK, has reported a like-for-like sales decline of 2.1% in…
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26 January
Waitrose ranked top supermarket for single-use plastic reduction
Waitrose has announced it has ranked first in the Environmental Investigation Agency (EIA) and Greenpeace’s annual league table, which assesses…
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26 January
Unemployment rises 5% to 1.7m
The UK unemployment rate rose by 5% in the three months to November with over 1.7 million people now out…
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26 January
US investor eyes Notonthehighstreet takeover
Great Hill Partners, a US-based investment company, is reportedly in “advanced talks” to buy the online personalised gifts retailer, Notonthehighstreet. …
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26 January
JD Sports mulls £400m share placing
JD Sports Fashion is reportedly eyeing up an equity sale of around £400m as it “eyes further opportunities” to expand…
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26 January
Westfield turns vacant unit into vaccination hub
A vacant retail outlet in Westfield shopping centre Stratford has been turned into Covid-19 vaccination centre. The vaccination centre will…
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