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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Oct- 2019 -1 October
FRC to investigate Thomas Cook auditor following collapse
The Financial Reporting Council (FRC) has announced it will be investigating Thomas Cook’s auditor EY, following its collapse last week…
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1 October
JD Sports responds to CMA amid Footasylum probe extension
JD Sports has said it “strongly disagrees” with the Competition and Market Authority (CMA) that its proposed £90m takeover of…
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Sep- 2019 -30 September
Miss Selfridge swings to £17.5m loss in 2018
Fashion retailer Miss Selfridge has reported a £17.5m loss for the year ending 1 September 2018. According to The Guardian,…
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30 September
Former Clarks CEO launches legal battle over misconduct claims
The former CEO of shoe retailer Clarks has launched a legal battle against the company, after he was ousted last…
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30 September
Forever 21 files for bankruptcy, plans to axe up to 350 stores
US fashion retailer Forever 21 has filed for Chapter 11 bankruptcy protection and has announced plans to exit international markets…
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27 September
UK consumer confidence improves in September
GfK’s long-running Consumer Confidence Index increased two points to –12 in September. The index measuring changes in personal finances during…
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27 September
British Land drops Monsoon CVA challenge
British Land has dropped its legal challenge against Monsoon Accessorize’s CVA plans. According to Sky News, The property investment firm,…
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26 September
Ikea retail sales jump 5% in full-year results
Furniture retailer Ikea has reported a 5% increase in retail sales to €36.7bn (£32.5bn) for the year ended 31 August…
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26 September
Tesco scraps its first-ever Jack’s store
Tesco has confirmed it is closing the first-ever discount Jack’s store, only around a year after it unveiled its new…
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25 September
Sainsbury’s announces store estate overhaul
Sainsbury’s is to undergo a store estate overhaul which will see it close over 100 stores, while also opening and…
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