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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May- 2020 -5 May
Furlough errors could cost small firms
SMEs are making errors on their applications for the Government’s furlough scheme, meaning they will have to repay thousands of…
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5 May
Chancellor promises no ‘cliff-edge’ end to furlough scheme
Chancellor Rishi Sunak has promised there will not be a “cliff-edge” end to the Government’s furlough scheme. Speaking to ITV…
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5 May
Government launches £6.1m fund to help high streets through pandemic
Business Improvement Districts (BIDs) are set to receive a £6.1m funding boost to help high streets and town centres through…
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5 May
J.Crew files for bankruptcy protection
J.Crew has become the first major US retailer to officially file for bankruptcy protection amid the global lockdown. As per…
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5 May
JD Sports blocks director appointment at Boohoo
Sportswear giant JD has reportedly blocked non-executive director Kath Smith from joining online fashion retailer Boohoo in the same role.…
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4 May
Sports Direct managers say firm asked them to work while on furlough
Mike Ashley’s Sports Direct and House of Fraser firms reportedly asked store managers to work one day a week despite…
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4 May
Government announces new £617m scheme for SMEs in shared office spaces
The Business Rates loophole which meant small businesses in shared office space missed out on a £10,000 cash grant has…
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4 May
Hotel Chocolat: Online sales fail to mitigate effect of store closures
Hotel Chocolat has announced that its boost in online sales has failed to “fully mitigate the total sales loss in…
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4 May
Bira releases ‘life after lockdown’ strategy
The British Independent Retailers Association (Bira) has released its 10-point “life after lockdown” strategy, calling on the government to consider…
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4 May
Homebase reopens UK sites amid Covid-19 pandemic
DIY retailer Homebase has reopened all of its UK stores amid the Covid-19 crisis. Despite being classed as an essential…
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