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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Jul- 2018 -23 July
HMRC proposal to access taxpayers’ bank accounts in secret ‘condemned’
An HMRC proposal that would have allowed secret access to taxpayers’ bank accounts has been condemned as an “unreasonable invasion…
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20 July
High street struggles drag sterling down to $1.30
The pound has been dragged down to $1.30 by declining high street footfall and the financial woes of a slew…
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20 July
Study finds small retail businesses struggle with brand identity
UK retail small businesses are struggling to differentiate themselves according to new research released by Vistaprint and run the risk…
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20 July
Inquiry into BHS directors could be reopened
The inquiry into the former directors of BHS could be reopened following the discovery of new information by the Financial…
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20 July
Poundworld to shutter all remaining stores
Poundworld will close all 190 remaining stores by 10 August after administrators Deloitte failed to find a buyer for the…
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19 July
Poundworld distribution centres for the chopping block
The administrators of Poundworld, Deloitte, have announced that the retailer’s distribution centre operations will be closing on Friday 20 July.…
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19 July
Morrisons introduces ‘quieter hour’ for autistic shoppers
Supermarket chain Morrisons has introduced a weekly ‘quieter hour’ in support of autistic shoppers who struggle with music, lights and…
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19 July
Store closures lead to slump in demand for retail space
New research has found that 70% of chartered surveyors in London saw a notable slump in demand for retail space…
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19 July
Debenhams woes hit Sports Direct profits
Sports Direct has seen a 73% drop in pre-tax profit despite an increase in revenue thanks to its investment in…
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19 July
‘Phantom hours’ costing UK businesses £37m a week
A survey of shift workers in the retail, hospitality and leisure industries has found staff to be overstating their working…
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