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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Nov- 2018 -28 November
H&M to scrap Cheap Monday brand leaving 80 jobs affected
H&M has announced it is to close down its Cheap Monday brand blaming “a negative trend in the Cheap Monday’s…
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27 November
Quiz shrugs off ‘challenging market conditions’ with strong revenue growth
Fashion brand Quiz had revealed strong revenue growth across all channels for the six months ending 30 September 2018. Despite…
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27 November
Esprit to cut 40% of non-store jobs and reduce product line
Esprit has announced it is to cut 40% of non-store jobs and reduce its product line by 30% as part…
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27 November
Pets at Home suffers 80% drop in pre-tax profits
Pet retailer Pets at Home has reported an 80.5% drop in pre-tax profits from £40.8m to £8m in its financial…
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27 November
Kering to take e-commerce in-house by 2020
Luxury fashion house Kering has announced it is to bring its e-commerce entirely in-house by 2020. The company that owns…
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26 November
Black Friday provided ‘little benefit to struggling high street’
This year’s Black Friday has done “little to help the struggling bricks-and-mortar stores throughout the UK”, according to data from…
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26 November
Mike Ashley vows to pull 17 stores from Intu Properties
Sports Direct owner Mike Ashley has vowed to close all his stores located in Intu shopping centres following a rent…
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26 November
Aldi shoppers report ‘fights’ over Kevin the Carrot toys
Aldi shoppers have reported witnessing “fights” and “scraps”over its Kevin the Carrot toys sold in support of Teenage Cancer Trust.…
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26 November
Missguided boss slammed by MPs for Parliamentary no-show
Nitin Passi, the CEO and founder of online retailer Missguided, has been criticised by MPs for refusing to appear in…
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23 November
Amazon responds amid Black Friday warehouse protests
Amazon has responded to claims made by workers’ union GMB calling working conditions “inhumane” as “simply wrong”, as employees from…
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