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 -14 May
Tesco Boss Dave Lewis handed £6.42m pay package
Tesco chief executive Dave Lewis has been given a £6.42m pay package, including £4.8m in bonuses. Lewis, who is set…
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14 May
WH Smith sales plunge 85% amid lockdown
WH Smith has revealed that group total revenue plunged 85% in April in light of the ongoing pandemic. Following the…
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13 May
SCP acquires TM Lewin from Bain Capital
Private equity firm SCP has acquired Men’s retailer TM Lewin from Bain Capital for an undisclosed sum. TM Lewin currently…
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13 May
UK economy shrinks by 2% as pandemic takes its toll
The UK’s economy shrank by 2% in the three months to 31 March 2020, as a result of the Covid-19…
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13 May
Sharpest decline on record as sales fall amid lockdown
Total retail sales tumbled by 19.1% in the four weeks ended 2 May, according to the latest BRC-KPMG Retail Sales…
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13 May
Dobbies reopens 54 UK sites amid Covid-19 pandemic
Garden centre chain Dobbies is to reopen all of 54 of its UK sites today (13 May 2020), following government…
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12 May
Chancellor extends furlough scheme until October
Chancellor of the Exchequer Rishi Sunak has extended the Government’s furlough scheme until the end of October. Announcing the decision…
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12 May
Chancellor expected to extend furlough scheme to September
Chancellor of the Exchequer Rishi Sunak is expected to extend the Government’s coronavirus furlough scheme to September, but reduce the…
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12 May
Kingfisher sales drop 25% in Q1 results
B&Q and Screwfix owner B&Q has revealed its first quarter sales fell by 24.8% to £2.2bn as the impact of…
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12 May
AO expects full year revenues will be in line with expectations
Online electricals retailer AO World has said that it expects its full-year revenues and adjusted EBITDA to fall within the…
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