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 -17 June
Debenhams opens 38 more stores following ‘successful’ Monday reopening
Department store chain Debenhams has announced it will reopen a further 38 stores in England, following the “successful reopening” of…
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17 June
Boohoo snaps up Oasis and Warehouse
Boohoo has acquired the online businesses of Oasis and Warehouse, following a £5.25m cash transaction with Hilco Capital Limited. The…
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16 June
Covid-19 to add £5.3bn to UK e-commerce in 2020
The surge in online shopping caused by the Covid-19 pandemic is expected to add £5.3bn to UK e-commerce sales this…
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16 June
Footfall up 41% yesterday morning as shoppers returned to high streets
Retail footfall across high streets, shopping centres and retail parks in England increased by 41.7% yesterday morning (15 June) in…
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16 June
Joules predicts £3m loss after pandemic hit
Fashion retailer Joules has predicted an underlying loss for its 2020 financial year of between £2m and £3m attributed to…
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16 June
H&M sales halve in second quarter
H and M net sales halved in the second quarter of 2020, tumbling 50% to 28.7bn Swedish krona (£2.4bn) following…
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15 June
Travis Perkins to cut 2,500 jobs amid Covid-19 pandemic
Wickes owner Travis Perkins has revealed plans to cut almost 2,500 jobs amid the ongoing Covid-19 pandemic. It comes amid…
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15 June
Hammerson chair to step down
The board of Hammerson has appointed Robert Noel as the new non-executive chair of the company, succeeding David Tyler. Noel…
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15 June
Matalan seeks £29m HQ sale
Matalan is reportedly seeking a sale of its Liverpool-based headquarters as it looks to inject more cash into the business…
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15 June
Usdaw urges public to ‘respect shopworkers’ as shops are allowed to reopen
Shopworkers union Usdaw has urged customers to respect staff and employers to ensure safety in stores, as shops are allowed…
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