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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Apr- 2020 -6 April
Debenhams appoints FRP as administrator
Debenhams has announced its intent to appoint an administrator in order to “protect” the business from creditors during the coronavirus…
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6 April
Consumer confidences slumps to lowest level since records began
Gfk’s long-running Consumer Confidence Index has decreased drastically by 25 points between the first two and last two weeks of…
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6 April
Temporary store closures due to coronavirus lead to 14% drop in retail jobs
The UK job market has been hit hard by the coronavirus outbreak, with retail jobs dropping by 14% in March,…
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6 April
WH Smith to raise equity amid ongoing pandemic
WH Smith has announced its plans to issue equity in order to secure a £120m lending facility amid the ongoing…
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6 April
Aldi Ireland appoints Niall O’Connor as group managing director
Aldi Ireland has announced the appointment of Niall O’Connor as its new group managing director (GMD). O’Connor will be responsible…
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3 April
Debenhams readying to appoint administrators amid Covid-19
Department store chain Debenhams is reportedly set to enter administration for the second time in a year in order to…
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3 April
Fenwicks CEO and non-executive chair to exit
Department store chain Fenwicks has announced that its CEO and non-executive chair are to exit the company. Robbie Feather will…
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3 April
Chancellor unveils new measures to SME loan scheme
Chancellor of the exchequer Rishi Sunak has unveiled a major overhaul to his previously announced SME loan scheme. Initially, the…
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3 April
Arcadia bosses to face 50% pay cuts as 14,500 staff furloughed
Philip Green’s Arcadia Group has announced it has placed 14,500 members of staff on government furlough and has revealed its…
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3 April
Boots reports 18% decrease in operating income amid Covid-19 virus outbreak
Health and beauty retailer Boots has reported a 18.7% decrease in operating income to $1.2bn (£973m) as a result of…
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