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 -5 June
Forever 21 ‘exploring restructuring options’
American fast fashion retail chain Forever 21 is reportedly exploring its financial options. Sources have told the media that the…
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4 June
Retail sales in May see ‘biggest decline on record’
Sales decreased by 2.7% in May on a total basis, excluding Easter distortions, making it the “worst decline” since records…
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4 June
Network Rail sees retail sales growth of 4.36% in 2018/19
Network Rail saw its retail sales grow 4.36% and like-for-like sales increase by 1.32% in the 2018/19 financial year –…
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4 June
Intu appoints new CFO
Intu has appointed Robert Allen as it new chief financial officer with effect from Monday, 10 June 2019. Allen served…
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4 June
Waitrose trials packaging-free initiative
Supermarket chain Waitrose has announced plans to help to reduce the usage of plastic in its store, by trialling a…
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3 June
Amazon launches ‘Clicks and Mortar’ initiative in UK
Amazon, along with business support firm Enterprise Nation, has launched ‘Clicks and Mortar’, an initiative which aims to help small…
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3 June
Philip Green charged with assault in the US
Arcadia owner Philip Green has been charged with four counts of misdemeanour assault in the US. The alleged incidents, which…
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3 June
Karen Millen owner mulls sale
Icelandic bank Kaupthing, which owns fashion retailer Karen Millen, has reportedly drawn in Deloitte to explore the sale of the…
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May- 2019 -31 May
Monsoon landlords seek equity stake in exchange for CVA
The landlords of fashion retailer Monsoon Accessorize are reportedly seeking an equity stake in the company in exchange for the…
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31 May
JD Sports’ Peter Cowgill to receive £6m bonus
JD Sports chairman Peter Cowgill is set to receive a £6m bonus following his “exceptional performance” at the sportswear retailer.…
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