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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May- 2018 -14 May
Wet start to April dampens retail footfall
Footfall in April decreased by 3.3%, which is a significant decline compared to the 1.6% increase seen the previous year.…
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11 May
Amazon could buy Morrisons amid upbeat results
It has been suggested that Amazon could be buying Morrisons in order to challenge UK supermarkets and the Asda-Sainsbury’s merger,…
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11 May
Superdry’s global revenue surges to £1.6bn
Fashion retailer Superdry global brand revenue surged by 22% to £1.6bn for the 12 months to 28 April. In a…
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11 May
Sainsbury’s and Asda could be forced to sell more than 70 stores
Sainsbury’s and Asda may have to sell at least 73 stores in order for the merger to go ahead according…
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11 May
Smartphone purchases account for 54% of UK retail transactions, study finds
Retail purchases made on smartphones have seen a 66% increase in Q1 of 2018 compared to Q4 2017 according to…
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10 May
House of Fraser £43.9m loss revealed in new document
A document released by House of Fraser’s new owner C.Banner has revealed that the department store suffered a £43.9m loss…
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10 May
Named and shamed: Underpaid retail staff among 200,000 to receive £15.6m back pay
HMRC has identified £15.6m in pay owed to more than 200,000 of the UK’s lowest paid workers, following an investigation…
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10 May
Homebase receives bid from former Comet owner
Opcapita, the former owner of Comet has put in a bid of an undisclosed amount for Homebase according to Sky…
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10 May
Next defies gloom with Q1 sales growth
Fashion retailer Next has recovered from its “most challenging year” reporting a Q1 sales increase of 6% compared with last…
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10 May
Morrisons announces strong start to 2018
Supermarket giant Morrisons has reported a strong start to 2018, with like-for-like sales increasing by 3.4% during the 13 weeks…
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