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- 2018 -30 October
WHSmith acquires InMotion in £155m deal
WHSmith has announced the signing of an agreement for the acquisition of InMotion, a pure play travel retailer for $198m…
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29 October
Autumn Budget 2018: Business rates cut for SMEs and new digital services tax
Chancellor Philip Hammond has confirmed plans to give smaller retailers a 33% cut to business rates and introduced a new…
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29 October
HMV tops Amazon on physical music sales
HMV has overtaken Amazon for physical music sales, the entertainment retailer increased its market share to 28% during the 12…
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29 October
New Asda proposal could see up to 2,500 jobs slashed
A new proposal from ‘Big 4′ supermarket retailer Asda could see up to 2,500 jobs slashed, as the group is…
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29 October
Chancellor to propose £900m rates relief plan for smaller retailers
Chancellor Philip Hammond is expected to announce a rates relief for retail SMEs and relax town planning rules on the…
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29 October
Oxford Street Strategy approved for public consultation
Westminster City Council’s Cabinet has has approved a new draft Oxford Street District Strategy to be taken forward for public…
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26 October
Richemont and Alibaba partner to bring Net-a-Porter to China
Richemont, the Swiss luxury goods group, and Alibaba Group has announce a global strategic partnership to bring Yoox Net-A-Porter (YNAP)…
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26 October
Online retail order volumes slow before ‘Golden Quarter’
Online retail parcel delivery order volumes increased by only 6.4% year-on-year (YoY) in September, the lowest YoY rate in 2018…
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26 October
Schuh profits fall 9.6% following ‘lack-lustre festive sales period’
Footwear retailer Schuh has announced a pre-tax profit fall of 9.6% down to £15m for the previous financial year. The…
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26 October
Amazon shares fall despite posting record profits
Online retail giant Amazon has posted record profits for Q3 in its latest financial results for the period ending 30…
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