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 -19 October
Waitrose expands Deliveroo grocery service
Waitrose has expanded its grocery trial with Deliveroo in 25 new locations across the UK, reaching 3.1 million households. The…
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19 October
11,000 shops closures since lockdown, double rate of last year
Shop closures in the UK have hit record levels with over twice as many net closures in the first half…
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16 October
Superdry CFO steps down
Superdry has announced CFO Nick Gresham will step down from the company with immediate effect. The fashion retailer said a…
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16 October
Sales at Boots’ retail sites drop 30%
Sales at Boots’ retail sites reportedly fell by almost 30% in the quarter up to August as consumers chose to…
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16 October
Edinburgh Woollen Mill to shut 50 stores, 600 jobs at risk
Phillip Day’s Edinburgh Woollen Mill Group (EWM) is reportedly set to shutter 50 of its stores, placing around 600 jobs…
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16 October
Poundstretcher to open 50 new stores despite CVA plans
Poundstretcher is reportedly preparing to open 50 new stores in 2021, despite CVA proposals that have resulted in 50 store…
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15 October
Uniqlo ‘will recover’ says owner Fast Retailing
Uniqlo owner Fast Retailing has announced that its profit for the fiscal year declined 49% to 90.4m yen (£663,000) down…
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15 October
London to move to Tier 2
London and Essex will face tougher Tier 2 Covid-19 restrictions from Saturday (17 October), including a ban on the mixing…
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15 October
Deloitte resigns as EG auditors amid Asda acquisition
EG Group has appointed KPMG as its auditors after Deloitte resigned from the role due to “concerns over its governance…
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15 October
AO World H1 revenues surge 57%
Online retailer AO World has reported a 57% increase in revenues for the six month period ending 30 September 2020.…
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