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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Apr- 2020 -9 April
H&M signs new £859m credit facility to strengthen liquidity amid Covid-19
Swedish clothing retailer H&M has revealed it has signed a new €980m (£859m) revolving credit facility as it looks to…
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9 April
Arcadia seeks £50m in funding
Sir Phillip Green is reportedly seeking out £50m to prop up Arcadia Group amid the ongoing coronavirus crisis. According to…
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9 April
Naked Wines forecasts £200m rise in sales amid coronavirus pandemic
Wine specialist Naked Wines has reported “good momentum” in its performance as it forecasts a £200m rise in its full-year…
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8 April
Covid-19: Morrisons partners with Deliveroo
Morrisons has announced it is partnering with Deliveroo to enable customers to order essential household items from Morrisons stores for…
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8 April
M&S announces series of initiatives to support NHS staff amid Covid-19
Marks and Spencer has announced a series of initiatives to support NHS staff amid the coronavirus pandemic. M&S has announced…
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8 April
Holland & Barrett staff call for stores to close over safety concerns
Holland and Barrett has said its stores will remain open during the Covid-19 pandemic as the government views it as…
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8 April
Sainsbury’s lifts food restrictions as stock levels improve
In a letter to customers Sainsbury’s CEO Mike Coupe has revealed that the supermarket giant has lifted buying restrictions on…
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8 April
Asos reports 25% drop in sales amid Covid-19 crisis
Online retailer Asos has reported a 25% decrease in group sales over past three weeks as the UK battles the…
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8 April
Tesco: Sales rise 30%, but virus could cost nearly £1bn
Tesco has revealed that its sales rose 30% in the first few weeks of the coronavirus crisis, in light of…
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7 April
Ocado unveils new measures as it apologises for inability to meet demand
Ocado has issued an apology to its customers for being unable to meet the current demand for its deliveries which…
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