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- 2018 -21 August
Office Outlet announces CVA proposal
Stationery retailer Office Outlet has announced a company voluntary arrangement (CVA) proposal to restructure its UK store estate as part…
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20 August
Amazon ‘aggressive bidders’ for empty Homebase stores
Retail giant Amazon is looking to purchase empty Homebase stores from new owner Hilco in order to help increase its…
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20 August
Office Outlet to ask for three-year rent-free period in CVA
Stationery retail chain Office Outlet is expected to make a Company Voluntary Agreement (CVA) announcement today (Monday 18 August) in…
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20 August
300 stores ‘could shut’ amid Sainsbury’s Asda merger
The result of the Sainsbury’s Asda merger could see up to 300 stores be forced to close if the merger…
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20 August
House of Fraser woes push Mulberry into £3m loss
Designer fashion brand Mulberry has issued a profit warning following the financial woes of House of Fraser. With the company,…
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17 August
Debenhams to axe 90 jobs
Debenhams has announced it is to cut 90 jobs as part of a restructuring plan to focus the business on…
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17 August
Asda reports fifth consecutive quarter of sales growth
Asda has reported its fifth consecutive quarter of sales growth after it posted a 0.4% increase in like-for-like sales. The…
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17 August
House of Fraser cancels all online orders
Struggling retailer House of Fraser has cancelled all online orders and will refund customers who have not received their products.…
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17 August
Marks and Spencer replaces switchboard staff with AI
Marks and Spencer will be replacing its call centre employees with AI technology, cloud communications platform Twilio has announced. The…
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16 August
Philip Day eyeing House of Fraser stores
Philip Day, the owner of Edinburgh Woollen Mill is reportedly in talks with landlord groups regarding a takeover of several…
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