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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May- 2019 -28 May
Nearly three quarters of retail staff feel underpaid, study finds
Nearly three quarters (71.4%) of retail professionals believe they are underpaid, according to new research from the CV-Library. The study…
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28 May
Retail sales volumes jump 1.8% despite Brexit uncertainty
In the three months to April 2019, the quantity of goods bought in retail sales increased by 1.8%, when compared…
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24 May
Zara owner Inditex to promote Carlos Crespo to CEO
Fashion retailer Zara’s parent company Inditex has said it will promote its current COO, Carlos Crespo, to the role of…
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24 May
Mothercare swings to £87.3m loss in 2018
Mothercare has reported losses before tax of £87.3m for the year ending 30 March 2019. UK like-for-like sales declined by…
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23 May
Urban Outfitters launches online rental platform
Clothing retailer, Urban Outfitters has announced it is to trial an online rental platform for its products. The trial, which…
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23 May
Arcadia to close 23 stores
Phillip Green’s Arcadia group has announced plans to close 23 stores as part of its restructuring plan, affecting up to…
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23 May
B&M plans 50 more stores amid profits and sales boost
Discount goods retailer B&M has revealed it is planning on opening another 50 stores this year amid posting an uptick…
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22 May
Pets at Home revenues soar as retailer increases market share
Pets at Home has announced it has seen revenues soar in its full-year results to March 2019. Total group revenue…
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22 May
M&S sales and profits fall as turnaround continues
Marks and Spencer has reported a fall in both sales and profits, with the latter down nearly 10%, as it…
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22 May
Online retail sales see subdued growth in April
Online retail sales saw sales growth of just 5.2% year-on-year (YoY) in April, according to the latest IMRG Capgemini eRetail…
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