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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Aug- 2019 -6 August
Sports Direct acquires Jack Wills in pre-pack deal
Mike Ashley’s Sports Direct has acquired fashion retailer Jack Wills from administration, after administrators KPMG accepted the £12.75m offer tabled…
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5 August
Tesco announces 4,500 job cuts across its Metro stores
‘Big Four’ grocer Tesco has announced it is to cut 4,500 jobs from its Metro stores across the UK. The…
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5 August
Mike Ashley to rival Philip Day in Jack Wills takeover bid
Sport Direct owner Mike Ashley and Edinburgh Woollen Mill (EWM) owner Philip Day are the final bidders for fashion retailer…
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5 August
Lovehoney names Sarah Warby as new CEO
Sexual wellbeing brand and online retailer Lovehoney has appointed ex-Sainsbury’s and Heineken marketing director Sarah Warby as its new CEO.…
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5 August
M&S strategy director to lead Ocado Retail following deal completion
Ocado has completed the 50% sale of its Ocado Retail business to Marks and Spencer and has announced the appointment…
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5 August
Asda staff to protest over ‘punitive’ contracts
Workers at Asda are set to protest over new contracts which have been deemed as “punitive” by trade union GMB…
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2 August
Pets at Home revenues jump 9.9% in first quarter results
Pet goods retailer Pets at Home has reported a 9.9% increase in group revenue to £303.4m for the 16 week…
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2 August
US investment firm acquires Majestic Wine in £100m deal
Majestic Wine has entered into an agreement to sell its commercial and retail business to CF Bacchus Holdings Limited, a…
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1 August
Westfield’s UK net rental income down 3.1% amid Brexit ‘uncertainty’
Shopping centre giant Westfield has reported a 3.1% decrease in net rental income for its UK operations, covering the half…
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1 August
Zalando raises profit forecast amid ‘strongest ever’ Q2
Online retailer Zalando has raised its profit outlook for the second half of the year after it recorded its “strongest…
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