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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Oct- 2020 -30 October
Amazon earnings triple in third quarter
Amazon has seen its net sales soar by 37% to $96.1bn (£74bn) in the third quarter of trading, up from…
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30 October
UK shop vacancy rate increases to 13.2% in Q3
Shops in the UK are continuing to shutter, with the average shop vacancy rate increasing to 13.2% in the third…
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30 October
Waitrose to hire 1,850 extra Christmas staff
Waitrose has announced it will be recruiting nearly 1,850 additional drivers and pickers for its online delivery service during the…
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29 October
Frasers Group to open new ‘game-changing’ multi-brand store
Mike Ashley’s Frasers Group, is set to open a brand new multi-fascia store in Portsmouth this weekend, as part of…
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29 October
Ebay raises guidance as Q3 revenues soar
Ebay has announced that revenue soared by 25% to $2.6bn (£2bn) in the third quarter ended 30 September, 2020. In…
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29 October
Shoe Zone to close fifth of stores over next two years
Shoe Zone has announced it expects to close a further 90 stores in the next 18 to 24 months, attributing…
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29 October
Hornby returns to profit as revenue surges 33%
Hornby has made a return to profitability in the first half of its financial year. The hobby products company, specialising…
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28 October
Next Q3 sales fall 17%
Fashion retailer Next has reported a 17.9% decline in Q3 amid the continued impact of the coronavirus pandemic. The firm…
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28 October
Retail sales drop at sharpest pace since June
Retail sales figures in the UK have fallen at the sharpest pace since June, according to the Confederation of British…
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28 October
Notonthehighstreet mulls £200m sale
Notonthehighstreet is reportedly eyeing a £200m sale after its revenues “surged” during the coronavirus pandemic, according to Sky News. The…
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