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 -13 November
Farfetch revenue soars 73% in Q3
Farfetch has reported that its revenue soared by 73% year-on-year to $438m (£332m) in its third quarter of trading. The…
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12 November
WH Smith swings to £226m loss
WH Smith has swung to a pre-tax loss of £226m in the 12 months ending 31 August 2020, down from…
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12 November
B&M profit and earnings soar in H1
B&M has announced that adjusted pre-tax profit more than doubled in the half-year ended 26 September, with profit soaring 128.5%…
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12 November
UK GDP recovers 15.5% in Q3
The UK economy showed signs of recovery in Q3 as GDP grew a record 15.5% from July to September. The…
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12 November
LK Bennett set to launch CVA
LK Bennett has launched a CVA proposal, which will result in five store closures and a small number of job…
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11 November
Homebase hunts for new owners to fund next growth stage
DIY retailer Homebase has reportedly started a search for a new owner as it looks for funding for its next…
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11 November
Amazon accused of breaching EU antitrust laws
Amazon has been informed by the European Commission of its preliminary view that it has breached EU antitrust rules by…
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11 November
Supermarkets launch drive to extend Sunday trading hours
Leaders of the UK’s biggest supermarkets have come together in a fresh drive to extend Sunday trading hours in the…
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11 November
VF Corporation acquires Supreme
VF Corporation has acquired streetwear brand Supreme as part of a definitive merger agreement, valued at $2.1bn. The company’s current…
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10 November
Landsec posts £835m loss
Real estate firm Landsec, which owns the Bluewater shopping centre and a number of other retail destinations, has reported a…
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