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 -6 October
Watches of Switzerland raises guidance as sales surge
Watches of Switzerland has announced that revenue for the first 10 weeks of Q2 has been “stronger than expected” at…
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6 October
High Streets Task Force appoints 150 experts
The High Streets Task Force has appointed 150 professionals to work with local authorities in England over the next four…
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5 October
Waitrose eats into Ocado’s market share despite M&S deal
Waitrose has reportedly stolen some online market share from its former partner Ocado in the first few weeks of Ocado’s…
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5 October
Very Group appoints digital customer experience director
The Very Group has appointed Paul Hornby as the company’s digital customer service director. Hornby is set to rejoin the…
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5 October
Mulberry swings to full-year loss
Mulberry has announced that group revenue fell by 10% to £149.3m in the full-year ended 28 March 2020, in light…
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2 October
Asda sold at £6.8bn to billionaire Issa brothers
Walmart has confirmed the Issa brothers and TDR Capital have taken equal shareholdings in an acquisition of Asda which values…
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2 October
Clarks pension trustees call in advisers
Pension trustees at shoe retailer Clarks have reportedly drafted in advisors as they seek to secure additional finance for the…
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2 October
Nearly half of UK firms report Q3 sales decrease
Business conditions remain weak in the third quarter of 2020, despite “much of the economy” reopening, according to the latest…
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2 October
M&S launches third-party fashion brand partnership
Marks and Spencer has begun stocking independent fashion brands on its site, with debut partner Nobody’s Child launching yesterday (1…
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2 October
The Hut Group acquires Perricone for £46m
The Hut Group has acquired Perricone MD, a US luxury skincare brand, in a $60m (£42m) deal. The sale follows…
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