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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Mar- 2020 -23 March
John Lewis stores to close for first time in 155 years
John Lewis Partnership has announced the temporary closure of all John Lewis stores in light of the coronavirus pandemic. All…
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20 March
Covid-19: Government to pay 80% of salary to staff unable to work
Chancellor Sunak Rishi has said the government will pay 80% of wages to employees who aren’t able to work due…
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20 March
Harrods to close amid coronavirus chaos
World-famous department store Harrods is to close its doors this evening (23 March) due to the coronavirus pandemic. It said…
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20 March
Frasers Group issues profit warning and drops FY20 guidance amid Covid-19
Mike Ashley’s Frasers Group has issued a profit warning after revealing its board expects Covid-19 to cause a “significant disruption”…
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20 March
Ikea to temporarily shutter all UK stores amid Covid-19 pandemic
Ikea UK and Ireland has said it will temporarily close its stores to customers at 6pm on Friday 20 March,…
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20 March
TK Maxx closes UK stores amid Covid-19 virus outbreak
Discount store TK Maxx has become the latest retailer to take the decision to temporarily close its stores amid the…
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20 March
Government tells supermarkets to ‘join forces’
The Department for Environment, Food and Rural Affairs (DEFRA) has told supermarkets to “join forces” as the coronavirus crisis unfolds.…
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19 March
Next warns on coronavirus despite full-year sales growth
Fashion retailer Next has warned that sales could plummet in the coming weeks and months as the UK battles the…
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19 March
New bank of England boss promises fresh measures to fight Covid-19
The new Bank of England boss, Andrew Bailey, has promised a fresh set of measures to help fight the economic…
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19 March
Zara closes almost 4,000 stores globally amid coronavirus outbreak
The parent company of Zara has closed almost 4,000 of its stores across the globe amid the recent outbreak of…
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