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 -23 February
GMB slams Arcadia collapse scandal
GMB has criticised the “scandal” regarding the collapse of retail group Arcadia, revealing that the taxpayer will have to pay…
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23 February
Footfall rises for fifth consecutive week
Footfall across UK retail destinations rose by 6.8% last week against the week before, marking the fifth consecutive week of…
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23 February
Frasers warns of £100m lockdown hit
Mike Ashley’s Frasers Group has announced it currently expects to take a hit in excess of £100m due to the…
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23 February
Asda owners consider George spin-off
Asda’s new owners are reportedly considering spinning off George, the fashion label developed by George Davies, in an attempt to…
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23 February
Moncler EBIT falls 25% in FY20
Moncler has announced its EBIT fell by 25% to €368.8m (£318m) for the financial year ended 31 December 2020, down…
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23 February
Gov should ‘remain flexible’ when lifting retail ban, says BRC
The British Retail Consortium (BRC) has said the government should “remain flexible” and allow non-essential retailers to reopen as soon…
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23 February
Clarks CEO steps down amid C-suite shake-up
Giorgio Presca has reportedly stepped down from his role as CEO of Clarks, according to Drapers. Presca, along with the…
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22 February
PM outlines ‘roadmap’ out of lockdown
Prime minister Boris Johnson has set out his four-step “roadmap” to guide the nation out of lockdown “cautiously but irreversibly”,…
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22 February
More than half of retailers are ‘resistant’ to digital progress
More than half of retail industry C-suite executives, directors and senior managers (51%) are “resistant” to digital progress, according to…
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22 February
Poundland owner to open 400 new stores despite dent to profits
Poundland owner the Pepco Group has announced plans to open 400 stores this year despite posting a drop in profits…
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