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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Sep- 2018 -17 September
Paperchase sees key credit insurer reduce cover
Paperchase is facing increasing pressure as one of its main credit insurers has reduced its cover after the company posted…
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14 September
John Lewis Oxford Street flagship sees business rates rise 57% in a year
John Lewis’ flagship on Oxford Street, London is expected to see its business rates tax rise from £12.68m to £19.91m…
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14 September
London department stores smash own windows
London department stores including Harrods, Harvey Nichols and Fortnum & Mason have smashed their own windows to commemorate the centenary…
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14 September
Sports Direct struggling to find auditor as EY, KPMG and PwC refuse role
EY, KPMG and PwC have all declined to take on an audit of Sports direct as the company attempts to…
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14 September
Co-op reports strong H1 sales growth thanks to Nisa acquisition
Sales for supermarket group Co-op increased by 10% to £5bn for its half-year financial results, driven by a strong food…
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13 September
Morrisons H1 results hits nine-year high with 6.3% sales increase
Supermarket giant Morrisons’ like-for-like sales increased by 6.3% in the group’s half year results, marking a nine-year high for the…
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13 September
New retail park specialising in ‘bulky goods’ to create 260 jobs
A new retail park in East Kilbride, Scotland specialising in “bulky goods” such as furniture, carpets, DIY, kitchens, bathrooms, furniture,…
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13 September
John Lewis hit by 99% drop in H1 profits
The John Lewis Partnership has reported a 99% slump in its underlying profits to £1.2m in the first six months…
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13 September
Sports Direct rules out Debenhams takeover
Sports Direct has quashed speculation that it could increase its 30% stake in embattled department store Debenhams with a buyout…
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12 September
Inditex H1 sales surpass €12bn for first time
Spanish fashion retailer Inditex has reported record sales and profits during the first half of the year as revenue surpassed…
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