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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Jul- 2020 -1 July
B&M reports ‘strong’ performance as revenue rises over 25%
Budget retailer B&M has reported a “strong” start to the financial year as it saw a 27.7% increase in group…
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1 July
Sainsbury’s sales boosted by online growth
Sainsbury’s has welcomed a “particularly strong” online performance in its first quarter of trading, as online sales more than doubled,…
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1 July
Kingfisher appoints ex-Travis Perkins CFO as non-executive director
Kingfisher has announced the appointment of former Travis Perkins CFO, Tony Buffin, as a non-executive director with effect from 1…
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Jun- 2020 -30 June
TM Lewin collapses into administration
TM Lewin has collapsed into administration following news that the retailer was eyeing up a pre-pack administration deal. According to…
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30 June
Government confirms changes to ‘flexible’ furlough scheme
The UK government has confirmed the latest set of changes to its “flexible” furlough scheme – dubbed CJRS V2 –…
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30 June
Revised ONS data reveals greater GDP drop in Q1 2020
The UK’s gross domestic product (GDP) in volume terms fell by 2.2% in Q1 2020, which has been revised downwards…
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30 June
Reopening is ‘no magic bullet’ for retail, says BRC
Reopening is “no magic bullet” for retail, the British Retail Consortium has warned despite UK footfall improving since lockdown restrictions…
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30 June
Coty purchases 20% stake in KKW Beauty
Cosmetics and beauty company Coty has announced it has purchased a 20% stake in Kim Kardashian West’s KKW Beauty brand…
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30 June
Waitrose to create 800 jobs with third online warehouse
Waitrose has unveiled its plans to open a third online fulfilment centre, which will see its online order slots in…
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29 June
H&M half-year sales slump amid Covid-19 pandemic
Fashion retailer H&M has reported a 23% decrease in net sales to SEK 83,612bn (£7.2bn) for the half-year period ended…
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