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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Feb- 2018 -5 February
2,000 Homebase jobs in doubt amid up to 40 closures
Up to 2,000 jobs could be axed at DIY retailer Homebase after it announced the potential closure of 40 stores.…
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2 February
Sainbury’s purchases Nectar for £60m
Sainsbury’s has today acquired the Nectar loyalty scheme for £60m from Aimia. The supermarket, which has been a member of…
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2 February
Amazon’s quarterly profits approach $2bn for first time
Online retailing giant Amazon has enjoyed its best ever quarter with profits almost reaching $2bn (£1.42bn) for the first time…
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2 February
MP calls for retailers to become more ‘Disability Confident’
The Minister for Disabled People, Health and Work, Sarah Newton, is encouraging more retailers to realise the benefits of employing…
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2 February
Apple announces record-breaking quarter with £14.1bn net profit
Technology giant Apple has posted a record-breaking £14.1bn in net profit for the three months ending December 30 2017. The…
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1 February
Morrisons to cut 1,500 store manager positions
Morrisons has announced plans to cut more than 1,500 store manager positions across the UK as part of a restructuring.…
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1 February
2,400 jobs at risk again as Toys R Us UK future back in doubt
Toys R Us UK is again under threat amid reports that its US parent company is seeking a buyer for…
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1 February
JD Sports completes Sport Zone acquisition
JD Sports has announced that it has received unconditional clearance from the European Commission to acquire similar Spanish retailer Sport…
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1 February
Amazon boosts SME exports with a record £2.3bn sales
Online retail giant Amazon has says UK SMEs selling on its Marketplace achieved record export sales of £2.3 billion last…
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Jan- 2018 -31 January
HSBC names Charlie Nunn CEO of retail banking, wealth management
Banking group HSBC has appointmented Charlie Nunn as the new CEO of retail banking and wealth management. Nunn was…
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