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 -10 March
French Connection posts £3m loss as it warns of continued tough trading
French Connection has revealed it has swung to a £2.9m loss for the full-year period ending 31 January 2020 and…
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10 March
DFS sales slide amid ‘challenging’ conditions
DFS has announced that its group revenue fell by 5.7% to £488m in the half-year period ended 29 December 2019.…
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9 March
18,000 retail jobs lost in last two months
Almost 18,248 retail jobs have been lost in the past two months, with 1,211 shops also shuttered since the turn…
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9 March
Reiss sales rise 21.9% in full-year results
Fashion retailer Reiss has reported a 21.9% increase in sales to £227.4m in 2019, compared with £186.5m in 2018. For…
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9 March
Tesco to sell Thai and Malaysian divisions in £8bn deal
UK supermarket giant Tesco has agreed a deal to sell its Asian operations in Thailand and Malaysia in a £8bn…
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9 March
Footfall slides in February
Hopes for a stronger footfall were “washed away” last month, according to the latest footfall monitor released by Springboard. The…
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6 March
February retail sales hit by poor weather and Coronavirus concerns
Total in-store retail sales declined by 0.9% in February, according to BDO’s monthly High Street Sales Tracker. The accountancy firm…
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6 March
Lego outperforms wider toy market, confirms plans for 150 new stores
Toy giant Lego has defied the wider toy market by recording a “strong” sales and profit performance while also confirming…
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6 March
CMA urges retailers to ‘behave responsibly’ amid Coronavirus panic
The Competition and Markets Authority (CMA) has urged retailers to not “take advantage of people” and “exploit” the current Coronavirus…
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6 March
Hugo Boss appoints Heiko Schäfer as COO
Fashion retailer Hugo Boss has announced the appointment of Heiko Schäfer as its chief operating officer (COO). As COO he…
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