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 -1 May
Carpetright expects £9m profit drop
Carpetright has warned pre-tax profits will fall £9m for the year ending 28 April 2018. According to the carpet retailer…
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1 May
Sports Direct pips JD Sports, acquires 20% stake in Finish Line
Sports Direct has acquired almost 8 million shares in US sports retailer Finish Line – the company set to be…
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1 May
Sainsbury’s boss sings ‘We’re in the Money’ before TV interview
The CEO of Sainsbury’s and one of it’s largest shareholders, Mike Coupe, was recorded singing ‘We’re in the Money’ while…
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1 May
Solid first-quarter growth for online retail orders
Online retail delivery order volumes were up 9.6% year-on-year in March, according to the latest data from the IMRG MetaPack…
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Apr- 2018 -30 April
New tool developed to match catalogue items with those in a warehouse
Microsoft has developed a new tool aimed at the retail industry, to identify items by rough images and match them…
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30 April
Sainsbury’s and Asda £13bn merger to leapfrog Tesco
Supermarket giant Asda has agreed to a proposed merger with Sainsbury’s, worth £13bn. Sainsbury’s CEO Mike Coupe said no stores…
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30 April
90% of retail professionals lie on their CV
Some 90% of retail professionals have got away with lying on their CV, according to research from independent job board,…
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30 April
Consumer confidence drops further in April
UK consumer confidence has dropped even further in the month of April, according to market research institute GFK. The institute’s…
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27 April
Hearty Food Company products recalled by Tesco
Tesco has recalled the Hearty Food Company Sausage and Mash and Cottage Pie, as they contain milk not mentioned on…
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27 April
Shoppers seek overseas ecommerce to combat Brexit prices
A third of UK online shoppers have chosen to buy from abroad according to a survey by online shopping community…
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