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 -24 October
85,000 retail jobs lost in the last year
Third-quarter retail employment fell by 2.8% year-on-year, the equivalent of around 85,000 jobs, marking the 15th consecutive quarter of decline…
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24 October
Debenhams poised to name Mark Gifford as new chairman
Debenhams is reportedly about to name Mark Gifford, former chief financial officer at House of Fraser, as its new chairman.…
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23 October
Nike CEO and president Mark Parker to step down in 2020
Sports fashion retailer Nike has announced that its CEO and president, Mark Parker, will step down next year. He will…
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23 October
Online retail sales drag in September
Online sales grew by a marginal 0.6% year-on-year in September, according to the latest IMRG Capgemini Online Retail Index. The…
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23 October
Royal Mail strikes could cost retailers £8m
A possible Black Friday Royal Mail strike could force retailers to attempt to pass on 8.5 million parcels, or 105,000…
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23 October
UK retailers store profit margins halved since 2011, study finds
A new report by global professional services firm Alvarez and Marsal, in partnership with Retail Economics, has shown that store-based…
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22 October
Wilko strikes called off after staff accept ‘improved’ work rota
Strike action by GMB members at Wilko have been called off after staff accepted a new deal offered by the…
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22 October
Wickes helps boost Travis Perkins Q3 sales by 3.8%
DIY retailer Travis Perkins has reported a 3.8% increase in Q3 sales boosted in part by a “strong performance” from…
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22 October
Consumer confidence drops in Q3 amid continued Brexit uncertainty
The Deloitte consumer confidence index fell to -9% in Q3 2019, one point lower than in the previous quarter and…
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22 October
Tommy Hilfiger appoints Michael Scheiner as CMO
Tommy Hilfiger has appointed Michael Scheiner as its new chief marketing officer (CMO), effective October 28. With over 15 years…
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