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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Sep- 2020 -8 September
Up to £3.5bn furlough claims fraudulent, says HMRC
Up to £3.5bn in payments from the Coronavirus Job Retention Scheme may have been claimed fraudulently or paid in error,…
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8 September
JD Sports revenues slide in half-year results
JD Sports has reported a 6.5% decrease in total revenue to £2.5bn during the half-year period ended 1 August 2020.…
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8 September
UK retail sales increase by 4.7% in August
UK retail sales in August have increased by 4.7% on a like-for-like basis from August 2019, according to figures released…
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8 September
Charles Wilson to step down from Tesco’s Booker in 2021
Tesco had announced that after 15 years leading the Booker business its CEO Charles Wilson is to retire in February…
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8 September
Cycling surge boosts sales at Halfords
Halfords has delivered a “strong” trading performance in the first half of its FY21, with like-for-like sales up by 5%…
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7 September
60% of mid-sized businesses plan redundancies, BDO finds
More than half (60%) of the UK’s medium-sized businesses are planning redundancies as a result of the Government’s Coronavirus Job…
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7 September
Frasers Group slams Debenhams gagging order
Mike Ashley’s Frasers Group has accused senior Debenhams’ advisors of stopping the department store being financially saved due to a…
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7 September
GDP to contract £15.3bn each year if home working persists
Lower consumer spending and a decrease in economic clustering if pandemic levels of home working persist would reduce UK GDP…
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7 September
Eve Sleep reports summer sales boost
E-commerce mattress brand Eve Sleep saw strong trading between May and July, and now expects revenues of at least £22m…
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7 September
Asda future could be decided this week as takeover deadline looms
The future of ‘Big Four’ grocer Asda could be decided as early as this week, as rival private equity firms…
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