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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Jan- 2021 -28 January
January brings -50% sales slump
Retailers in January witnessed the weakest sales month since May 2020, with sales down -50% from the previous month. According…
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28 January
Debenhams CEO to step down
Steven Cook is reportedly stepping down from his position as CEO of Debehmans, according to Drapers. Cook joined Debenhams in…
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28 January
Retail venture snaps up Knomo
Inc Retail Group, a newly formed arm of the Manchester-based digital brand company Inc and Co, has acquired the bags…
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28 January
Hugo Boss appoints new chief sales officer
Hugo Boss has announced the appointment of Oliver Timm as chief sales officer. In his role, he will be responsible…
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28 January
ScS reports sales rise in half-year results
ScS has reported a sharp rise in sales in its half-year results due to benefitting from an impressive order intake…
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27 January
Arcadia collapsed owing creditors £750m
Philip Green’s retail empire, Arcadia, reportedly fell into administration while owing its creditors £750m. The debts, first reported by the…
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27 January
Lidl gifts £200 bonus to employees
Lidl has announced that it will pay all its UK colleagues a one-off £200 thank you payment for their “hard…
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27 January
Paperchase rescued in pre-pack Permira deal
The majority of Paperchase stores are reportedly set to be rescued in a pre-pack deal that is poised to save…
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27 January
Estée Lauder Companies supply chain VP to step down
The Estée Lauder Companies (ELC) has announced that after nearly 13 years with the company, Gregory F. Polcer, executive VP,…
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27 January
Poundland owner reports Q1 sales drop
Pepco Group, which owns brands such as Poundland in the UK, has reported a like-for-like sales decline of 2.1% in…
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