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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Oct- 2018 -25 October
Debenhams to close 50 stores amid record £491m loss
Debenhams has announced it will close 50 stores after reporting a record annual loss of £491.5m in the year to…
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24 October
Sainsbury’s to sell sex toys for the first time
Sainsbury’s has announced it is to stock sex toys for the first time, the supermarket chain said the new products…
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24 October
United Colors of Benetton co-founder dies aged 77
Gilberto Benetton, one the co-founders of fashion retail chain United Colors of Benetton, has died aged 77 following a short…
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24 October
B&M acquires French discount retailer Paminvest SAS
B&M has announced the acquisition of French firm Paminvest SAS, a discount retail group operating 95 stores under the trading…
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23 October
New West End Company issues ‘stark’ warning to government over tax-free shopping
The New West End Company (NWEC) has issued a “stark” warning to the government over tax-free shopping in a joint…
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23 October
Intu sees property value drop amid ‘challenging’ period for UK retailers
Shopping centre owner Intu, has revealed its property value has dropped by 3% since the 1 July amid a “period…
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23 October
ASOS appoints new CFO
Online fashion retailer ASOS has announced the appointment of Mathew Dunn to the role of chief financial officer (CFO) and…
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22 October
Debenhams ‘could close a third of its stores’
It is rumoured Debenhams could be closing up to a third of its stores following a series of profit warnings…
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22 October
House of Fraser’s Manchester Kendal store to close
House of Fraser has confirmed the closure of its flagship Kendals department store in Manchester, after rescue talks with landlords…
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22 October
C.Banner considers sale of Hamley’s
C.Banner is said to be considering the sale of Hamley’s a week after it posted a 2016 fall from £1.7m…
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