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 -26 February
Farfetch losses widen despite revenue increase
Online luxury retailer Farfetch has revealed its losses widened for FY20 to $3.3bn (£2.36bn) despite its revenues increasing 64% year-over-year…
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26 February
Waitrose partners with FareShare to redirect farm food surplus
Waitrose has announced that it has teamed up with FareShare in a new trial that will redirect surplus farm food…
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26 February
Made.com brings in bankers to develop £1bn stock market float
Made.com has reportedly hired three investment bankers to help develop a stock market flotation that would value the company at…
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26 February
Sainsbury’s reveals new slogan ahead of UN summit
Sainsbury’s has unveiled a new brand slogan after being appointed as the principal supermarket partner of the UN’s upcoming international…
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26 February
Boots to axe 300 jobs in Nottingham head office
Boots has confirmed its plans to get rid of 300 jobs in its Nottinghamshire head office, citing the pandemic as…
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25 February
Asda’s new business plan puts 5,000 jobs at risk
Asda has announced it will transform parts of its business to focus more on online, putting 5,000 jobs at risk.…
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25 February
Ebay announces support package for retail businesses
Ebay has announced a three-year multi-million pound support package for retail businesses owned by disadvantaged communities in the UK. The…
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25 February
TK Maxx owner sees 10% sales slide due to lockdown
TJX Companies, the parent company of TK Maxx, has reported a 10.7% drop in FY21 net sales to $32.1bn (£22.6bn),…
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25 February
Retail set for 50% April increase to footfall
UK retail destinations are expected to see footfall rise by 47.9% upon the reopening of non-essential retail and outdoor hospitality…
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25 February
Ikea UK hit with £33m loss amid pandemic
Ikea UK has announced that total sales fell by £200m to £1.9bn in its full-year ended 31 August 2020, down…
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