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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Aug- 2020 -12 August
Thomas Rabe appointed Adidas chairman
Adidas has appointed Thomas Rabe, CEO of Bertelsmann, as chairman of the company’s supervisory board. He will succeed Igor Landau…
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11 August
Debenhams cuts 2,500 jobs
Embattled department store chain Debenhams has cut 2,500 staff roles. The retailer said that the job cuts, believed to be…
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11 August
Frasers Group mulls Debenhams acquisitions
Frasers Group owner Mike Ashley is reportedly looking to acquire up to 30 Debenhams stores. According to the Mail, sources…
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11 August
New Look eyes second CVA deal
Embattled fashion retailer New Look is reportedly planning to launch a second CVA that will ask its landlords to switch…
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11 August
Zalando sees revenues rise 20%
Online fashion retailer Zalando has reported a 19.6% increase in revenues to €3.56bn (£3.2bn) in the first half of 2020,…
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11 August
Retail sales rise for second month in a row
Total sales increased by 3.2% in July, against an increase of 0.5% in July 2019, marking the second consecutive month…
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10 August
Baird Group launches CVA proposal
Baird Group has launched a Company Voluntary Arrangement (CVA) proposal in order to safeguard the “long-term future” of the group.…
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10 August
WH Smith seeks rent cuts
WH Smith is reportedly seeking rent cuts from its landlords as it looks to cut costs. According to The Sunday…
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10 August
Superdry secures funding as sales fall
Superdry has secured a new £70m lending facility in a bid to equip it with “flexibility and liquidity” following the…
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10 August
Lidl opens 100th London store
Discount supermarket Lidl GB has opened its 100th London store in Beckton. The retailer also revealed plans to open 30…
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