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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Aug- 2018 -7 August
Phillip Day to snap up Jacques Vert
Retail boss Phillip Day is said to be preparing to add womenswear brand Jacques Vert to his retail portfolio, which…
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7 August
Poundworld founder Chris Edwards says retailer was ‘badly managed’ by TPG
Chris Edwards, the founder of collapsed bargain retailer Poundworld, has criticised its owners TPG claiming they “badly managed” the chain.…
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7 August
New Look reports profit rise
New Look has reported it has stabilised its profits, supported by an overachievement of its cost savings. For the 13…
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6 August
Game and HMV report ‘impressive’ sales growth
Entertainment retailers HMV and Game have reported an increase in shares of physical entertainment sales for the 3 months to…
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6 August
Tesco and Carrefour alliance to start in October
Tesco and Carrefour have announced that their strategic alliance which aims to offer lower prices and improve the quality and…
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6 August
House of Fraser able to proceed with store closures after legal row ends
House of Fraser has settled its legal row with landlords meaning it can proceed with plans to close 31 of…
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6 August
Footfall drops in July as customers avoid high street in heatwave
The heatwave drew customers away from the high street in July, as footfall fell by 10.8% compared with the same…
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3 August
Retail salaries hit a five-month high but majority still feel underpaid
Average salaries for retail roles hit a five-month high in July, as pay increased by 1.1% month-on-month according to new…
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3 August
Apple becomes first ever US company to be valued at $1trillion
Tech giant Apple has become the first ever US stock listed company to be worth $1tn (£767bn). Apple hit the…
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3 August
Selfridges open ‘Christmas Shop’ four months before the festive period
Selfridges has opened its ‘Christmas Shop’ four months before the festive period, with the department store claiming the decision was…
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