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 -11 April
US deal puts dent in WHSmith profits
WHSmith’s profit before tax dropped by 21% to £65m, following the retailer’s acquisition of American airport store In Motion for…
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11 April
Ted Baker appoints Lindsey Page as new CEO
Ted Baker has appointed Lindsay Page as the company’s new CEO, following the announcement the investigation into former CEO Ray…
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10 April
Dunelm sees Q3 revenues rise 12.5%
Homewares retailer Dunelm has reported a 12.5% rise in like-for-like revenue during Q3 attributed to strong growth in online sales.…
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10 April
Business confidence ‘crashes’ to lowest point since 2012
Business optimism has “crashed” to its lowest level since September 2012, according to a new report from accountants and business…
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10 April
Asos hit by 87% profit fall
Online clothing retailer, Asos has announced an 87% fall in pre-tax profits down to £4m for the six months leading…
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10 April
Mike Ashley promises to ‘save’ Debenhams
Mike Ashley has made a promise to “save as many Debenhams stores and jobs” as he can similarly to House…
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9 April
Bristol’s Galleries shopping centre on market for discount £32m
The Galleries shopping centre has been put on the market at a discount rate of £32m, after being originally purchased…
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9 April
New Look to abandon menswear store offering
Clothing retailer New Look plans to remove its menswear offering from its stores from autumn 19, moving it to an…
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9 April
Brexit uncertainty slows retail sales in March
UK retail sales decreased by 1.1% in March, compared with the increase of 1.4% in 2018, according to the latest…
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9 April
Debenhams enters pre-pack administration
Debenhams has entered pre-pack administration and gone into the control of its lenders following the department store’s rejection of Sports…
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