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 -27 October
Intu offloads Gateshead Metrocentre to new owner
Sovereign Centros, a real estate operating partner, has taken over the running of the Gateshead Metrocentre from Intu. The site…
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27 October
EWM begins shuttering small number of stores
The Edinburgh Woollen Mill Group (EWM) has reportedly already marked a small number of stores for closure as it continues…
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27 October
UK weekly retail footfall drops by 1.2%
Retail footfall in the UK has dropped by 1.2% in the last week from the previous seven days, according to…
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27 October
Clarks begins landlord talks over restructuring deal
Clarks has reportedly “kicked off” restructuring talks with landlords regarding store closures and rent cuts, according to Sky News. The…
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27 October
Quiz swings to loss as online sales fall
Quiz has swung to a loss of £3.7m in the full-year ended 31 March 2020, against a profit of £0.6m…
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26 October
Unilever Q3 sales up 4.4%
Unilever has announced underlying sales growth of 4.4% for Q3 despite the impact of Covid-19. Turnover for Q3 fell 1.3%…
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26 October
Debenhams bidders given midweek deadline for £300m rescue deal
Potential suitors for the embattled department store chain Debenhams have been given a midweek deadline to make a £300m rescue…
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26 October
Mike Ashley considers Jaeger bid
Mike Ashley’s Frasers Group is reportedly considering the acquisition of “heritage” fashion brands Jaeger, Austin Reed and Jacques Vert from…
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26 October
Hut Group raises forecast amid ‘strong’ trading period
The Hut Group has announced that group revenue soared by 38.6% to £378.1m in the three months ended 30 September…
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23 October
Waitrose cuts prices across own-label products
Waitrose has announced it is lowering the prices of over 200 of its most popular own-label products by an average…
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