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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Dec- 2020 -15 December
Foot Locker appoints senior VP and CIO
Foot Locker has announced the appointment of Himanshu Parikh as senior VP and chief information officer, with immediate effect. In…
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15 December
Asda paid Walmart £1.1bn dividend before sale, accounts reveal
Asda paid an intercompany cash dividend of £1.15bn to former parent company Walmart in March this year, despite profits being…
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15 December
JD Sports acquires Shoe Palace
JD Sports has announced the acquisition of US-based Shoe Palace, purchasing 100% of both the issued shares in the Shoe…
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15 December
H&M sales slump in final quarter
H&M has announced that net sales fell by 10% in the quarter ended 30 November 2020, following the impact of…
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14 December
Tesco appoints Karen Whitworth to board
Tesco has announced that Karen Whitworth will be joining its board as a non-executive director. The appointment will take effect…
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14 December
French Connection secures $6.5m in additional funding
French Connection has announced it has secured $6.5m (£4.9m) in additional funding, as part of its latest trading update. The…
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14 December
US group eyes Arcadia and Debenhams takeover
Authentic Brands, the US owner of New York department store brand Barneys, is reportedly eyeing a double takeover of Debenhams…
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14 December
No need to panic buy before Brexit, says BRC
The British Retail Consortium (BRC) has urged members of the public to refrain from stockpiling food before Britain leaves the…
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11 December
Sainsbury’s creates 12,000 seasonal jobs
Sainsbury’s has announced its created 12,000 seasonal roles and increased its digital offer to help cope with the peak Christmas…
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11 December
Administrators place £200m price tag on Topshop
Administrators for Arcadia are reportedly seeking a price tag of £200m for the firm’s Topshop brand and are looking to…
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