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 -25 April
74,400 retail jobs lost in first three months of 2019
The retail sector saw a 2.4% year-on-year drop in the number of employees in the first quarter of this year,…
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25 April
Online retail sees ‘subdued’ growth in March
Online retail recorded growth of just 5% year-on-year (YoY) in March, compared with 18.9% last year, according to the latest…
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24 April
Primark HY profits surge 25%
Primark has seen its half-year operating profit jump 25% to £426m during the six months ending 2 March. Primark said…
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24 April
Boohoo revenues surge 48% in 2018
Online fashion retailer Boohoo has reported a 48% increase in revenues to £856.9m for the year ending 28 February 2019.…
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24 April
Majestic Wine could sell all UK stores as it moves online
Specialist wine retailer Majestic Wine could sell all 200 of its UK stores as the business prepares to move its…
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23 April
British Land to sell its 12 Sainsbury’s stores for £429m
British Land has announced the sale of 12 superstores from its joint venture with Sainsbury’s to the Realty Income Corporation…
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23 April
Hot weather increases high street footfall over Easter weekend
High street footfall over the Easter bank holiday weekend increased by 6.5% on Friday, 1.2% on Saturday and 8.4% by…
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23 April
Asos and Zalando retail tycoon loses children in Sri Lanka attacks
Anders Holch Povlsen, a Danish billionaire with stakes in both Asos and Zalando, has lost three of his four children…
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18 April
Debenhams CEO exits
Sergio Bucher, CEO of department store Debenhams, has stepped down from his role just a week after the company went…
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18 April
Largest store for 25 years opens in Centre:MK
Centre:MK is set to open its largest store in 25 years with the opening of a 75,000 square foot Primark…
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