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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Nov- 2020 -30 November
Frasers Group offers £50m to Arcadia Group
Frasers Group has confirmed that it has offered Arcadia Group a rescue loan of up to £50m, amid news that…
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30 November
Arcadia collapses into administration
Arcadia Group has collapsed into administration, placing 13,000 jobs at risk. It comes as the retail empire, owned by Sir…
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27 November
Arcadia ‘could collapse’ next week
Sir Phillp Green’s retail empire Arcadia is reportedly on the verge of collapse, placing around 15,000 jobs at risk. According…
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27 November
M&S reverses decision to open on Boxing Day
Marks and Spencer has announced that it will now close its stores on Boxing Day, having previously said it will…
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27 November
Hammerson appoints new COO
Hammerson has announced the appointment of Grégoire Peureux to the newly created role of chief operating officer. Peureux will reportedly…
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27 November
Amazon unveils £374m employee Christmas bonus scheme
Amazon has announced a new Christmas bonus for both full-time and part-time front-line employees. UK Operations employees who are employed…
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27 November
L Brands appoints new Victoria’s Secret leadership
L Brands has announced a series of new appointments to the leadership of its lingerie retailer, Victoria’s Secret. Martin Water…
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26 November
New Tier system announced
The Government has announced a new Tier system for when England leaves lockdown on 2 December, with only areas in…
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26 November
Mulberry revenue falls 29% as lockdown hits sales
Mulberry has reported a 29% decline in revenue to £48.9m during the first half of the year, as the impact…
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26 November
Boohoo appoints Leveson to oversee business practices
Boohoo has announced the launch of a new ‘Agenda for Change’ programme, in a bid to “deliver long-lasting and meaningful…
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