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 -4 February
Ikea reveals plans to shutter first UK store, 352 jobs at risk
Ikea UK has announced the proposed closure of its Coventry store in summer 2020, putting 352 jobs at risk. The…
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4 February
UK supermarkets see ‘disappointing’ sales growth in January
Supermarket sales grew by only 0.7% in January 2020, down from 3.3% in 2019, according to new data released from…
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4 February
Former Poundland owner plans £3.8bn takeover of Pepco
Advent international, the former owner of Poundland, has reportedly teamed up with two rival equity firms to launch a takeover…
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4 February
Retail chief executive turnover reaches seven-year high in 2019
Retail chief executive turnover has reached a seven-year- high, a new study has found. The Korn Ferry’s eighth annual UK…
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4 February
Frasers Group acquires stake in Mulberry
Frasers Group has bought a 12.5% stake in luxury fashion brand Mulberry. The Mike Ashley-owned group said the move was…
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3 February
Beales slashes 32 head office roles following administration
Embattled department store chain Beales has announced 32 job cuts at its head office in Bournemouth, nearly two weeks after…
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3 February
Hawkin’s Bazaar confirms final stores closures
Embattled retailer Hawkin’s Bazaar confirmed its final store closures over the weekend as part of its administration process. The joint…
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3 February
Iceland launches trial to reduce plastic packaging by 93%
Iceland has revealed it will be reducing plastic packaging by 93% across its range of fresh produce. The trial launched…
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3 February
Angling Direct appoints new board director
Angling Direct has announced that Dilys Maltby will join the board of the company as a non-executive director with immediate…
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Jan- 2020 -31 January
French Connection ceases search for buyer amid ‘strategic review’
French Connection has announced it is no longer searching for a buyer for the fashion brand, amid a strategic review. …
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