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 -22 January
Retail sales fall to lowest ever annual level
The retail sector has suffered its largest annual fall since records began, with total sales down 1.9% against the year…
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22 January
Next pulls out of Arcadia race
Next has allegedly withdrawn from the race to acquire Arcadia Group, after the store was unable to meet the price…
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22 January
John Lewis repays £300m to the Treasury early
John Lewis has announced it has repaid £300m early to the Treasury and the Bank of England Covid Corporate Financing…
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22 January
The Works reports revenue decline of 7.8%
The Works has reported a revenue decline of 7.8% to £88.9m in the 26 weeks to 25 October. The stationery…
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21 January
WH Smith postpones CEO’s £25k pay rise
WH Smith has revealed it has postponed its planned £25,000 pay rise for its CEO Carl Cowling, after 33% of…
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21 January
Primark appoints new corporate affairs director
Primark has announced the appointment of Alice Macandrew to the newly-created position of corporate affairs director with immediate effect. Macandrew…
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21 January
Burberry revenue drops 4% in Q3
Burberry has announced that retail revenue for 13 weeks ended 26 December dropped 4% to £688m from £719m for the…
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21 January
Eve Sleep exceeds expectations in 2020
Eve Sleep has announced that full-year trading has exceeded expectations, with total revenue up by 6% to £25.5m, boosted by…
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21 January
Pets at Home see sales soar to £302m
Pets at Home has reported total revenue growth of 18.% to £302m in the 12 weeks to 2 January. The…
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21 January
Apricot switches to turnover rent after CVA
Apricot, the women’s fashion retailer, has changed the lease agreements for the majority of its UK portfolio to turnover-based rents,…
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