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- 2019 -16 October
Asos profits nosedive 68% in full-year results
Online fashion retailer Asos has reported a 68% decrease in profits before tax to £33.1m, during the year to 31…
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16 October
Ted Baker appoints Ari Hoffman as North American CEO
Global lifestyle brand, Ted Baker, has announced the appointment of Ari Hoffman as CEO of its business in North America.…
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16 October
New PSD2 measures could see one third of shoppers abandon purchases
One-third (32%) of European consumers say they would rather cancel their online purchase and go elsewhere than go through the…
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15 October
BRC ‘disappointed’ with business rates relief in Queen’s speech
The British Retail Consortium has responded to the Queen’s speech, praising its approach to crime and sustainability but was “surprised…
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15 October
Matalan revenue growth dented by ‘awful’ weather and political uncertainty
Fashion retailer Matalan saw its total revenue increase to £292m in the Q2 2019, despite the weather and political and…
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15 October
Grocery sales slow to lowest September growth in two years
Shopping momentum has fallen in September, with grocery sales slowing to +1.7% in the last four weeks. According to new…
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15 October
Sports Direct demands Adidas and Nike dominance probe
Sports Direct has called for an investigation into the sportswear industry, over concerns of the dominance of Adidas and Nike.…
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15 October
Cox & Cox promotes ex-Boden marketer Richard Bell to CEO
Homeware retailer Cox and Cox has promoted Richard Bell to the role of CEO. The appointment comes as Cox and…
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14 October
Superdry names founder Julian Dunkerton as permanent CEO until 2021
Clothing retailer Superdry has announced that its founder Julian Dunkerton has been appointed to the role of CEO on a…
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14 October
Retail footfall slumps 10% over last seven years
Retail footfall has dropped by 10% in the last seven years, according to the latest footfall figures from the BRC…
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