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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Jan- 2020 -15 January
22,000 retail jobs lost in 2019 due to administrations
Almost 22,000 retail jobs were lost in 2019, according to new data from specialist finance broker firm ABC Finance. Some…
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15 January
Moody’s downgrades M&S credit score to negative
Moody’s has downgraded Marks and Spencer’s outlook from stable to negative after it reported a 0.7% decline in revenues in…
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15 January
Very reports a 6.1% increase in revenues in the festive period
Online retailer Very has reported a 6.1% increase in revenues during the seven weeks to 27 December. The brand, which…
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15 January
Quiz sales tumble amid ‘challenging’ Christmas
Quiz suffered a “disappointing” period of Christmas sales, as group revenue fell by 9.3% over the seven week period ended…
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14 January
Games Workshop profits soar in half-year results
Games Workshop has reported a 44% increase in profits before tax to £58.6m for the six months ended 1 December…
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14 January
DFS profits to meet expectations despite ‘challenging’ trading
Furniture retailer DFS has said it expects full-year profits to be “broadly in line” with market expectations of £50m-£53.6m, despite…
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14 January
Boohoo reports ‘strong growth’ over Christmas
Boohoo has reported a period of “strong growth” across all its brands in the four months ended 31 December. Total…
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13 January
Asda cost cuts to put 2,832 back-office jobs at risk
Nearly 3,000 Asda employees are reportedly at risk of losing their jobs, according to new reports. According to The Guardian,…
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13 January
Debenhams in talks to offload executive pension scheme
Embattled department store chain Debenhams is reportedly in talks over the buyout of its executive pension scheme, which holds over…
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13 January
Beales set to ‘collapse’, 1,000 jobs at risk
Department store Beales warns it is on the brink of collapse, which will result in over 1000 jobs at risk…
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