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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Feb- 2019 -18 February
BRC hits out at HMRC over ‘unreasonable’ pay rules
The British Retail Consortium (BRC) has demanded HM Revenue and Customs (HMRC) ceases action against retailers who have breached pay…
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18 February
Philip Day eyes M&S and House of Fraser stores
Retail entrepreneur and Edinburgh Wooden Mill boss Philip Day is reportedly in talks to acquire a small number of Marks…
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18 February
Canada Goose revenue up 50% in 2018
Fashion retailer Canada Goose has reported a 50.2% increase in total revenue to $399.3m (£309.1m) in 2018, compared with $265.9m…
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18 February
McColls profits halve due to ‘supply chain disruption’
Convenience retailer McColls profits before tax dropped from £18.4m to £7.9m in the 52 weeks to 25 November 2018, impacted…
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15 February
Retail sales bounce back in January
UK retail sales saw a year-on-year increase of 4.8% in January, the highest jump since December 2016. Figures from the…
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15 February
Amazon ‘to launch checkout-free shops’ in London
Online retail giant Amazon has reportedly secured property to open checkout-free stores in London, making it the first openings of…
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15 February
Prada creates diversity council after blackface scandal
Prada has created a diversity council headed by American artist Theaster Gates and film director Ava DuVernay, after it was…
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15 February
Zavvi blasted by ASA over Disneyland prize draw after winners complain
Online retailer entertainment retailer, Zavvi has been told not to run a competition again in “its current form” by the…
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15 February
Puma sees shares dip over sales slowdown warning for 2019
Footwear retailer Puma has seen its shares drop 2.66% in early trading after forecasting a slowdown in sales and profit…
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14 February
Mike Ashley’s business profits tumble
Profits at the holding company that contains Mike Ashley’s business empire plummeted in 2017, attributed to the fall in value…
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