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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Jun- 2019 -13 June
Businesses rates to better reflect property value under new law
Business rates payers in England will have bills that more accurately reflect current property values under new legislation introduced by…
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12 June
Arcadia creditors approve CVA proposals
Retail group Arcadia, has announced that all seven of its company voluntary arrangements (CVAs) have today been approved by the…
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12 June
Boohoo Q1 sales surge 39%
Boohoo has seen group sales surge 39% as revenues reached £245.3m for the three months ending 31 May. The online…
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12 June
Select CVA secures 87% creditor approval
Proposals for the Company Voluntary Arrangement (CVA) for high street fashion retailer Select has been approved by 87% of its…
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12 June
Zara owner records a 10% profit rise
Spanish fashion retailer Inditex, has announced a 10% rise in net profit for Q1, up to €734m (£634m). Net sales…
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12 June
Sports Direct challenges Debenhams CVA
Department store Debenhams has confirmed Sports Direct is among the parties which have sent applications to challenge its CVA which…
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11 June
Sainsbury’s fails to get Equal Pay claims struck out
An employment tribunal has rejected Sainsbury’s argument that equal pay claims for store staff should be struck out. Following the…
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11 June
Ted Baker shares plunge amid fresh profit warning
Fashion retailer Ted Baker has issued its second profit warning this year, and anticipates underlying profit before tax for the…
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11 June
Amazon launches Campus Challenge for UK students
Amazon has announced the launch of its new Campus Challenge competition and is encouraging students across the UK to sign…
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11 June
Boohoo owner hit with £118m lawsuit
Boohoo owner Mahmud Kamani, has had a lawsuit filed against him by an IT consultant for breach of an agreement.…
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