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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Feb- 2020 -28 February
New £90m north-east retail development secures 23 brands
Plans to build a new £90m outlet shopping and leisure destination in the North of England have been unveiled, along…
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28 February
Aldi removes single-use plastic lids from own-label products
Supermarket Aldi has announced it is removing all plastic lids on its own-label products, as part of its ongoing campaign…
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28 February
Consumer confidence rises in February
Consumer confidence has increased two points to –7 this month, according to the latest figures from the GfK. According to…
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27 February
Walmart in talks over potential sale of stake in Asda
American retailer Walmart has revealed it is in talks over a potential sale of its stake in ‘Big Four’ grocer…
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27 February
British homeware brand Olivia’s saves Houseology from collapse
Luxury furniture and homeware brand, Olivia’s, has completed a deal to buy Houseology, which went into administration last month. Olivia’s,…
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27 February
Homebase turnaround bears fruit as it returns to profit
DIY retailer Homebase said it has “returned to profit ahead of plan” in its latest trading update, recording profits of…
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26 February
Tesco to overhaul baking operations putting 1,800 jobs at risk
‘Big Four’ grocer Tesco has announced a major overhaul to its in-store bakery operations, putting 1,816 staff at risk of…
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26 February
Former H&M US president joins Forever 21 as its new CEO
Authentic Brands Group (ABG) has appointed former H&M US president Daniel Kulle as the new CEO of Forever 21. ABG…
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26 February
McColl’s profits down amid ‘softer market’ conditions
Convenience retailer McColl’s has reported a 1.8% decrease in revenues to £1.22bn, attributing store closures and “softer” market conditions to…
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25 February
Hotel Chocolat revenues soar in half-year results
British chocolatier Hotel Chocolat has reported a 14% increase in revenues to £91.7m for the half-year period ended 29 December…
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