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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Jun- 2020 -10 June
UK GDP expected to decline 7.2% in 2020 amid ongoing pandemic
The continuing impact of the Covid-19 virus is expected to see the UK economy contract by 7.2% in 2020, with…
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10 June
The Hut Group reports FY sales of £1.1bn
Health and beauty retailer The Hut Group (THG) has reported a 24% increase in group sales to £1.14bn in its…
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10 June
70% of shoppers ‘not comfortable’ returning to shops
Consumers remain “deeply cautious” about returning to shops, the latest EY Future Consumer Index has revealed ahead of retailers opening…
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9 June
Debenhams to close three more stores permanently
Debenhams has confirmed three more of its stores will not reopen once lockdown restrictions are eased next week. It revealed…
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9 June
Game to reopen stores across England and Northern Ireland
Game has announced plans to reopen all stores across England and Northern Ireland from Monday 15 June, in line with…
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9 June
Consumer spending drops 26.7% year-on-year in May
Consumer spending contracted 26.7% year-on-year in May. This is according to new data from Barclaycard, which revealed that spending on…
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9 June
Sosandar sees revenues spike 62% as it announces John Lewis and Next deals
Online womenswear retailer Sosandar has revealed it has seen revenues spike 62% year-on-year over the past two months since lockdown…
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9 June
Retailers face second worst month on record
May was another “testing” month for retailers, with total sales down by 5.9%, according to the latest BRC-KPMG retail sales…
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9 June
Iceland founder and CEO take full ownership after buying 63% stake
Frozen food retailer Iceland has announced that its founder and executive chairman Sir Malcolm Walker and chief executive officer Tarsem…
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8 June
Mulberry to cut global workforce by 25%
Luxury retailer Mulberry has announced the launch of a consultation process on proposals to reduce its workforce by approximately 25%…
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