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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Mar- 2018 -13 March
Consumer spending suffers weakest start since 2012
The latest Visa UK Consumer Spending Index data revealed a reduction in overall consumer spending in February, calling it the…
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13 March
Study finds independent retail and leisure outlet growth is soaring
As multiple stores like New Look, Maplin and Toys ‘R’ Us close, a study by OnBuy.com has found that this has…
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13 March
French Connection breaks the retail slump, reduces losses
French Connection has today announced that it is close to a return to profit, after annual losses fell dramatically. The…
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12 March
Farfetch poised to make £4bn IPO after hiring US banks
Online luxury retailer Farfetch has hired bankers from JP Morgan and Goldman Sachs as it readies itself to make an…
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12 March
Retail footfall drops in February
Retail footfall decreased by 0.5% in February 2018, and is a major decline compared with the rate of 1.0% seen…
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12 March
Quarter of major UK retailers likely to suffer ‘financial distress’
A new study of over 1600 larger UK retailers with total assets of £5m or over by Company Watch, a…
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12 March
Mass debt for Claire’s Accessories causing bankruptcy talks
US based retailer Claire’s Accessories has been reportedly preparing for bankruptcy, following a mass of debt and a heavy reliance…
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9 March
Valentine’s Day sales fall for fifth year in a row
Valentine’s Day like-for-like in-store sales fell by -1.6% in February, according to the BDO High Street Sales Tracker. The poor…
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9 March
Co-op Group investigated for treatment of suppliers
The Co-operative Group Limited is facing an investigation by the Grocery Industry Watchdog due its treatment of suppliers. Christine Tacon…
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9 March
Shoe Zone, Karen Millen ‘named and shamed’ over minimum wage
Karen Millen and Shoe Zone are among the firms that have been ‘named and shamed’ by the Department of Business,…
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