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 -23 August
Crew Clothing acquires Saltrock Surfwear
Saltrock Surfwear, a leisurewear and accessories retail brand based in Devon, has been sold to Crew Clothing Group via a…
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23 August
Laura Ashley full year profits plummet to £100,000
Homeware retailer Laura Ashley has announced its annual profit before tax reached a low of £100,000 in 2018, due to…
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23 August
Online delivery volumes defy expectations in July
Online retail parcel delivery order volumes were up 15.2% year-on-year in July, according to the latest data from the IMRG…
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22 August
Moonpig owner acquires Dutch gift retailer
Photobox Group, the parent company of card and gift retailer Moonpig, has acquired Dutch online cards and gifting retailer Greetz.…
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22 August
Hackers claim to have information of 20,000 Superdrug customers
Superdrug has revealed it has been contacted by hackers claiming to have accessed the details of 20,000 of its customers.…
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22 August
Retailers commit to support farmers during drought
The NFU has reached out to the UK’s top nine supermarket retailers to express the difficulties farmers and growers are…
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22 August
TK Maxx parent company announces 12% sales increase
The parent company of TK Maxx, TJX, has announced it has seen a 12% increase in net sales for the…
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21 August
Online retail spending stutters after England World Cup exit
UK online retail sales slipped to their lowest year-on-year (YoY) growth in 2018 so in July, as consumer spending “slumped”…
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21 August
House of Fraser Oxford Street store saved but 627 warehouse jobs still at risk
House of Fraser’s flagship Oxford Street store has been saved from closure by its new owners. The store was due…
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21 August
FRC fines KPMG £2.1m for ‘breach of ethical standards’ in Ted Baker audit
The Financial Reporting Council (FRC) has issued a £2.1m fine and “severely reprimanded” KPMG and its partner Michael Francis Barradell,…
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