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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Feb- 2020 -27 February
Homebase turnaround bears fruit as it returns to profit
DIY retailer Homebase said it has “returned to profit ahead of plan” in its latest trading update, recording profits of…
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26 February
Tesco to overhaul baking operations putting 1,800 jobs at risk
‘Big Four’ grocer Tesco has announced a major overhaul to its in-store bakery operations, putting 1,816 staff at risk of…
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26 February
Former H&M US president joins Forever 21 as its new CEO
Authentic Brands Group (ABG) has appointed former H&M US president Daniel Kulle as the new CEO of Forever 21. ABG…
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26 February
McColl’s profits down amid ‘softer market’ conditions
Convenience retailer McColl’s has reported a 1.8% decrease in revenues to £1.22bn, attributing store closures and “softer” market conditions to…
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25 February
Hotel Chocolat revenues soar in half-year results
British chocolatier Hotel Chocolat has reported a 14% increase in revenues to £91.7m for the half-year period ended 29 December…
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25 February
Barclay brothers’ children in Ritz hotel ‘bugging’ scandal
A legal feud between the Barclay brothers’ families has come to light after a court heard Sir Frederick had private…
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25 February
Ted Baker in talks to offload London HQ
Embattled retailer Ted Baker is reportedly in talks to sell its ‘Ugly Brown Building’ headquarters in London to British Airways’…
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25 February
Hammerson profits sink to £534m in full year results
Retail landlord Hammerson has reported its losses have widened to a pre-tax loss of £537.8m in the year to 31…
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24 February
Waitrose named top UK grocer, Asda wallows in bottom place
Waitrose has been rated the best UK in-store supermarket for the second year in a row in Which?’s annual supermarket…
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24 February
Primark owner warns of coronavirus’ impact on supply
Primark owner AB Foods has warned of the impact the coronavirus could have on supply for the retailer if disruption…
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