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.
-
Jul- 2018 -12 July
Hot weather springs profit warning at DFS
DFS has announced a profit warning, blaming poor sales performance on decreased high street footfall during the hot weather, disruption…
Read More » -
11 July
UK retailers ‘hijack’ Amazon Prime Day
UK retailers have attempted to ‘hijack’ Amazon Prime Day by offering discounts in the run up to the sale event.…
Read More » -
11 July
M&S warns of further store closures and job cuts
M&S bosses have warned of further store closures and job cuts in meetings at the company’s AGM, which took place…
Read More » -
11 July
Burberry’s growth slows in Q1 2018
Luxury fashion house Burberry has said it has recorded a “solid performance in retail during a period of transition”, despite…
Read More » -
11 July
Alternative Oxford Street ‘transformation’ announced
Westminster City Council has announced plans to “transform” – though not necessarily fully pedestrianise – Oxford Street after scrapping the…
Read More » -
11 July
Martin Scicluna named by Sainsbury’s as chairman-designate
Sainsbury’s has appointed Martin Scicluna as its new non-executive chairman with a view to assuming the chairman role in 2019.…
Read More » -
10 July
Deloitte announces first wave of Poundworld store closures
Deloitte, which is handling the administration of Poundworld, has announced the closure of 25 stores resulting in around 242 staff…
Read More » -
10 July
Retail property value sees biggest drop in six years
The value of UK retail properties fell by 0.8% in June, the biggest monthly fall since May 2012. According to…
Read More » -
10 July
Poundland founder prepares Poundworld bid after Chris Edwards pulls out
The founder of Poundland, Steve Smith, is preparing a bid for embattled rival Poundworld after Chris Edwards, the latter’s founder,…
Read More » -
10 July
Ocado reports £9m half-year loss amid heavy investment
British online supermarket, Ocado, has reported a £9m loss in its half-year financial results amid a period of heavy investment.…
Read More »
