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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Apr- 2019 -29 April
Loewe opens flagship store in London
Spanish fashion retailer, Loewe, has announced it has opened a new flagship store on New Bond Street in London after…
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29 April
Arcadia secures help from HSBC
Arcadia, which is owned by Phillip Green, has secured help from HSBC in order to reassure suppliers as the retailer…
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29 April
Retail rents fall as pressure on sector continues
High street shop prime rents fell by 1% in the first quarter of the year, according to real estate company…
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26 April
Debenhams to close 22 stores with 1,200 jobs at risk
Department store chain, Debenhams has announced it is to close 22 stores putting 1,200 jobs at risk. The closures come…
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26 April
Laura Ashley shares tumble 20% amid fresh profit warning
Laura Ashley has seen its shares tumble 20% in early trading after it issued a profit warning indicating figures will…
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26 April
Retail sales growth picks up for first time in five months
Retail sales grew for the first time since November 2018 in the year to April, according to the latest monthly…
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26 April
Shop Direct protects 200 jobs with Raven Mill deal
Shop Direct has transferred its returns activity at its Raven Mill site over to logistics company Clipper Logistics in a…
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26 April
Amazon’s profits double in record results
Amazon.com has posted record profits of $3.6bn (£2.8bn) – up from last year’s $1.6bn (£1.2bn) – for the 13 weeks…
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25 April
Shareholders approve JD Sports’ £90m Footasylum takeover
JD Sports has announced its £90.1m Footasylum takeover has been given the go-ahead by shareholders, after it was voted through…
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25 April
CMA blocks Sainsbury’s-Asda merger
The Competition and Markets Authority (CMA) has blocked the Sainsbury’s-Asda merger after finding it would lead to “increased prices in…
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