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 -8 April
Ann Summers calls in advisers after £3.3m loss
Lingerie retailer, Ann Summers, has announced it has appointed a property adviser in order to help with rent reductions, after…
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8 April
Philip Green proposes to halve Arcadia pension payments
Sir Philip Green is seeking to halve the annual contributions to the Arcadia Group’s pension scheme as part of its…
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8 April
Sports Direct makes Debenhams £150m offer
Sports Direct has made an offer to Debenhams to underwrite £150m equity issuance in Mike Ashley’s latest attempt to take…
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5 April
JD Sports acquires Pretty Green from administration
Liam Gallagher’s Pretty Green, the boutique men’s clothing brand, has been acquired by JD Sports out of administration. The sale…
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5 April
Co-op revenues jump 14% in 2018
Supermarket retailer Co-op has reported a 14% increase in total revenues to £10.2bn for the year ending 5 January 2019,…
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5 April
Asos threatens to shut down accounts to deter serial returners
Online retailer Asos has updated its returns policy with a clause to deactivate the accounts of shoppers it suspects are…
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4 April
AO announces £15m of stockpiling ahead of Brexit
Electronics retailer AO has announced plans to stockpile £15m worth of popular products as part of its Brexit contingency plan.…
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4 April
Intu appoints finance boss as new chief exec
Following a nine month search Intu has appointed its current chief financial officer, Matthew Roberts, as its new chief executive…
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4 April
Boots facing possible store closures
Health and beauty retailer Boots may be forced to close some of its stores after parent company Walgreens Boots Alliance…
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4 April
Mothercare sales down 8.8% in Q4
Embattled retailer Mothercare has reported an 8.8% drop in like-for-like sales for the 12 week period to 30 March 2019.…
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