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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Nov- 2020 -10 November
Pre-lockdown boost sees retail sales up 4.9%
UK retail sales increased by 4.9% on a total basis in the four weeks ended 31 October 2020, according to…
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9 November
Pfizer reveals Covid-19 vaccine candidate is 90% effective
A successful Covid-19 vaccine is a step closer after Pfizer/Biontech revealed its vaccine candidate is 90% effective, according to its…
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9 November
Frasers Group claims to have been ‘frozen out’ of EWM bid
Mike Ashley’s Frasers Group has reportedly claimed it has been “frozen out” of the auction to acquire three brands from…
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9 November
Harrods forced to reorganise £200m credit
Harrods has been forced to reorganise its £200m credit line due to the second national lockdown causing the closure of…
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9 November
Landlords hit back at Clarks CVA terms
Landlords are reportedly accusing Clarks of abusing its insolvency processes, as the retailer pushes forward with a CVA that includes…
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8 November
John Lewis calls for clarity on store reopenings
John Lewis has issued a plea to the government to provide clarity on whether its stores will be able to…
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6 November
Dominic Chappell jailed for six years for tax evasion
The former owner of BHS, Dominic Chappell, has been jailed for six years for evading paying tax from the deal…
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6 November
Superdry H1 revenues fall 23.3%
Superdry has announced that total revenue fell by 23.3% in the half-year period ended 24 October 2020, reflecting the challenging…
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6 November
October retail recovery reverses with new lockdown
Despite UK retailers seeing an economic recovery in October, a second national lockdown in England risks reversing the sector’s financial…
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5 November
Chancellor extends furlough scheme to March
Chancellor Rishi Sunak has announced that the furlough scheme will be extended until the end of March, amid increased measures…
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