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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Jun- 2018 -27 June
One in four companies hit by ‘domino effect’ of another’s insolvency
Some 26% of UK companies have suffered a hit to their finances following the insolvency of a customer, supplier or…
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27 June
John Lewis profits could be ‘close to zero’
John Lewis has issued another profit warning and admitted that it expects profits before exceptional items to be “substantially lower”…
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27 June
Costa Coffee sales dip 2% in Q1
Coffee chain Costa has reported a fall in like-for-like sales at the start of the year, blaming a lack of…
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27 June
‘Serial returners’ cost retailers £7bn a year
New research from Barclaycard has revealed that retail returns made by British shoppers amount to a loss of £7bn a…
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26 June
British grocery market sees two years’ consecutive growth
Britain’s grocery sector has grown for two consecutive years, according to the latest grocery market share figures from Kantar Worldpanel…
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26 June
Carpetright woes as CVA activity results in £70.5m loss
Carpetright has reported a £70.5m loss before tax as a result of the cost and accounting impacts of the group’s…
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26 June
EXCLUSIVE: Mattressman accounts ‘disaster’
Mattressman has revealed that it entered a Company Voluntary Agreement (CVA) due to “inaccurate management accounts”, which led the company…
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26 June
Clarks CEO resigns following conduct that ‘fell short’ of company expectations
The CEO of family-owned footwear retailer Clarks has resigned after his “conduct, conversations and expressions fell short” of company expectations.…
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25 June
Debenhams partners with local food companies
Department story chain Debenhams has partnered with independent local food companies to offer a variety of food options to customers.…
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25 June
Morrisons reintroduces paper bags to cut down on plastic waste
Supermarket chain Morrisons will be reintroducing brown paper bags for loose fruit and vegetables, in order to help reduce the…
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