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 -8 October
Frasers Group investors back £100m bonus scheme
Investors in Mike Ashley’s Frasers Group have overwhelmingly voted in favour of a new £100m staff reward plan at the…
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8 October
Ebay UK to launch ‘Pay As You Go” scheme
Ebay UK is set to launch the ‘Pay As You Go’ scheme for start-ups, in response to the economic downturn…
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7 October
Businesses must check furlough inaccuracies before HMRC deadline
Businesses using the furlough scheme have been urged to “thoroughly check” their claims for inaccuracies before HMRC’s cut-off date to…
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7 October
AO opens third warehouse in four months
Online electricals retailer AO is opening its third warehouse in four months. The Stoke-on-Trent site will add 275,000 square feet…
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7 October
Clarks may turn to CVA to secure LionRock rescue deal
Embattled shoe retailer Clarks may reportedly resort to launching a CVA that could lead to some store closure in order…
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7 October
Sosander continues sales momentum post-lockdown
Sosander has maintained trading momentum in its latest half-year of trading, according to its interim trading update for the six…
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7 October
Tesco profits soar despite coronavirus hit
Tesco has welcomed a surge in profits, with pre-tax profit soaring by 28.7% to £551m in the first-half of its…
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6 October
Curfew and poor weather leads to second week of footfall decline
Overall, retail footfall across all destinations is 31.4% lower than last year Footfall has declined by 3.5% in the…
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6 October
Ann Summers moves towards CVA
Ann Summers has suggested that it is likely to launch a CVA after the lingerie retailer failed to negotiate rental…
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6 October
Shadow Health secretary urges Boohoo investors to oust bosses
The shadow health minister has urged Boohoo’s largest investors to remove its current bosses following reports of unsafe working conditions…
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