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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May- 2020 -18 May
Nike warns on subdued Q4 results amid Covid-19 lockdown
Sport fashion retailer Nike has warned this its fourth quarter sales will be impacted by the Covid-19 lockdown. Since mid-March,…
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18 May
VF Corp sees FY revenues jump 2% but warns Q1 earnings may halve
VF Corporation, the owner of brands such as Vans, The North Face and Timberland, has reported a 2% increase in…
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18 May
Shoppers remain cautious amid lockdown easing, says Springboard
Footfall across bricks and mortar destinations increased by 3.3% between 11 May and 16 May, marking a “cautious” return of…
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18 May
Central England Co-op reports rise in ‘violent’ threats to staff during lockdown
Central England Co-op has reported a rise in “violent” offences being carried out against its staff amid the Covid-19 pandemic.…
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15 May
Consumer spending slumped over 30% in April
Consumer spending contracted by 36.5% year-on-year in April, according to new data from Barclaycard. The research revealed that spending on…
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15 May
Poundland to reopen 36 stores across the UK
Discount chain Poundland has revealed it is set to open 36 stores across the UK next week as it begins…
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15 May
Boohoo secures £200m through share placing
Boohoo confirmed it has successfully raised almost £200m in funding following the placing of 58 million shares. The online retailer…
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15 May
Sainsbury’s expands Chop Chop delivery service to outside of London
Sainsbury’s has announced the expansion of its Chop Chop bicycle delivery service to 20 cities in the UK, as it…
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14 May
Online retail sales soar to 10-year high amid Covid-19 crisis
Online sales growth surged to a 10-year high in April, up 23.8% year-on-year, amid the ongoing Covid-19 pandemic. That’s according…
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14 May
Watches of Switzerland reports 5.9% increase in revenues in Q1 results
Watches of Switzerland has reported a 5.9% increase in group revenues to £819.3m in the year to 26 April, ahead…
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