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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Mar- 2018 -27 March
H&Mโs pre-tax profits plunge 61%
H&Mโs pre-tax profits dropped by 61% the three-month period ending 28 February 2018 compared with the same period the previous…
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27 March
Select seeks CVA putting 2,000 jobs at risk
Genus UK, the parent company of fashion retailer Select, is seeking a Company Voluntary Arrangement (CVA) that would allow it…
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27 March
Over 80% of national retailers snub new Instagram tech
A new selling feature on photo-sharing social media app, Instagram, has been ignored by more than 80% of retailers in…
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26 March
Gucci owner Kering faces tax investigations
Swiss prosecutors have opened an investigation into luxury fashion giant Kerring over alleged tax evasion after a request for assistance…
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26 March
JD Sports Fashion to acquire US brand Finish Line
Fashion retailer JD Sports Fashion is set to acquire US retailer The Finish Line for $558m (ยฃ396m). Finish Line is…
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26 March
No-deal Brexit โcould add ยฃ7.8bnโ to retail costs
New research launched from Retail Economics and Squire Patton Boggs shows that ยฃ7.8bn could be added to the cost of…
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26 March
House of Fraser holds emergency refinancing talks
Department store group House of Fraser has held refinancing talks with Alteri Investors as fears grow over its financial condition.…
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23 March
โBeast from the Eastโ drives online retail sales
UK online retail sales were up +13.1% year-on-year (YoY) in February, according to the latest figures from the IMRG Capgemini…
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23 March
Retail sales see first increase in two months
Retail sales increased by 0.8% in February this year compared with the previous month, with increases seen across all main…
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23 March
Next admits 2017 was โthe most challenging yearโ as annual profits drop
Next has seen its annual profits drop by 8% after what the retailer described as its most challenging year for…
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