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 -17 October
WH Smith to acquire US travel retailer in £312m deal
WH Smith has agreed a deal to acquire US-based travel retailer Marshall Retail Group (MRG) in a £312m deal. WH…
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16 October
Jessops owner preparing to call in administrators
Dragon’s Den star Peter Jones, owner of camera retailer Jessops, is planning to call in administrators in an attempt to…
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16 October
Retail sector could face £137m rates hike next year
September’s headline rate of inflation is set to cause more business rates increases in 2020, according to calculations from real…
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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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