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 -14 August
First Co-op franchise to open at Newcastle University campus
Co-op is to launch its first franchise in the North-East, after reaching an agreement with Newcastle University Student Union (NUSU).…
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14 August
Steinhoff confirms refinancing after accounting ‘scandal’
Poundland owner Steinhoff has confirmed refinancing of €9bn (£8.3bn) of debt after the company was involved in an accounting ‘scandal’…
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14 August
Grant Thornton quits as Sports Direct auditor
Sports Direct has confirmed accountancy firm Grant Thornton is to step down from its role as auditor. Sports Direct said…
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13 August
UK can avoid no-deal ‘Brexit chaos’, says Next CEO
Next CEO Simon Wolfson has said he believes that the UK will avoid “serious disruption” in the case of a…
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13 August
Card Factory posts robust sales growth despite challenging environment
Greeting cards, dressings and gifts retailer Card Factory has reported a 5.5% increase in sales for the six months ending…
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13 August
Over 50 retailers sign letter demanding business rates fix
Over fifty major retailers have come together to demand the government takes action to fix the “broken” business rates system.…
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13 August
Dr Martens profits soar in full-year results
Profits and sales at footwear retailer Dr Martens continued to rise last year, EBITDA for the period soared by 70%…
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12 August
KPMG brought in by Schuh
Footwear retailer Schuh has called in accounting firm KPMG to assess its options after a “tough trading” period. According to…
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12 August
Shop vacancies at highest rate in four years
The number of vacant stores across the UK’s high streets has hit the highest level in over four years. According…
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12 August
Abercrombie and Fitch appoints new director
Fashion retail brand Abercrombie and Fitch has appointed Felix Carbullido as an independent director. Carbullido joined Abercrombie and Fitch on…
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