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 -1 February
JD Sports set to acquire DTLR Villa for £360m
JD Sports has announced that it has entered into a conditional agreement for the acquisition of 100% of DTLR Villa…
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1 February
BRC chief calls for rates extension as vacancies rise by 13%
Helen Dickinson, chief executive of the British Retail Consortium (BRC) has urged the government to extend business rates relief beyond…
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1 February
Asda prioritises deliveries to support 5,000 nurseries
Asda has announced that it will now be offering priority access to slots in order to support 5,000 nurseries which…
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1 February
Asos acquires Topshop and Miss Selfridge for £265m
Asos has confirmed it has acquired the Topshop, Topman, Miss Selfridge and HIIT brands for a total of £265m, following…
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Jan- 2021 -29 January
H&M FY profits fall 88%
H&M has revealed the extent of damage coronavirus has had on its business, with profit crashing 88% to SEK 2.05bn…
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29 January
Card Factory to receive one month covenant breaches waiver
Card Factory has been issued a one month extension to covenant breaches by banks until 28 February 2021. Earlier this…
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29 January
Boohoo confirms exclusive Arcadia talks
Just days after Boohoo confirmed the acquisition of Debenhams, the online retailer has announced it is in exclusive talks with…
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29 January
Screwfix reaches £2bn in yearly sales
Omnichannel retailer Screwfix has surpassed £2bn in sales for the year to January 2021, creating thousands of new jobs in…
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29 January
Thomas Pink returns to online market despite LVMH sales float
Thomas Pink has announced it is returning to trade, albeit online, after shutting down its website and social media channels…
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28 January
Lidl swings to £13.6m after tax loss
Lidl has reported losses after tax of £13.6m for the year ending in February 2020, following the group’s heavy investment…
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