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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Apr- 2021 -12 April
Alibaba accepts $2.8bn fine for breaching Chinese competition laws
E-commerce giant Alibaba revealed it has accepted a record $2.8bn (£2bn) fine from the Chinese regulator the State Administration for…
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12 April
John Lewis to suspend store closures
John Lewis has confirmed that it has no plans to close any further stores, according to The Times. Executive director…
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12 April
Hammerson mulls £350m retail park sales
Shopping centre owner Hammerson has confirmed it is in talks to complete the sale of seven retail parks to Brookfield,…
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12 April
Monsoon opens new boutique store in London
Monsoon has opened a new boutique store today (12 April) On London’s Marylebone High Street. The store is part of…
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12 April
Homebase announces Next partnership
Homebase has announced a new partnership with Next in which its gardening products will be brought to selection of the…
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12 April
Tommy Hilfiger opens new stores in Scotland
Hammerson has announced the opening of two new Tommy Hilfiger stores in Scotland, at the retail estate investment company’s flagship…
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9 April
Zalando nominates Niklas Östberg to supervisory board
Retailer Zalando has announced that Niklas Östberg has been nominated to its supervisory board. Östberg is the current CEO and…
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9 April
Uniqlo owner sees H1 profits rise 13.7%
Uniqlo’s owner Fast Retailing saw its profit before income taxes climb 13.7% year-on-year to Y171.5bn (£1.1bn) for the six months…
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9 April
JD Sports, Frasers Group and Amazon eye Topshop flagship
A number of retailers have reportedly expressed interest in purchasing Topshop’s former flagship store, including JD Sports, Amazon and Frasers.…
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9 April
Total UK footfall decreases by 69%, BRC tracker finds
Total UK footfall decreased by 68.7% in March (Yo2Y), marking only a 4.9% improvement from February, according to the latest…
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