News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Jan- 2019 -15 January
M&S store closures to affect 1,045 jobs
Marks and Spencer has confirmed 17 stores which are set to close within its plans to shutter over 100 stores to “reshape” its estate and become more relevant to customers. These closures are expected to affect 1,045 jobs and the retailer said it will enter a period of consultation with…
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15 January
The Entertainer stockpiling toys for no-deal Brexit
Toy retailer, The Entertainer has announced it is stockpiling an extra 100 containers of toys in order to prepare for a no-deal Brexit. The Entertainer’s managing director Gary Grant said the stockpiling meant that the toy retailer had sent double the usual amount of stock to the UK, to ensure…
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15 January
Games Workshop delivers strong half-year results
Fantasy miniatures retailer Games Workshop has reported a sales increase of 14% to £125.2m in its half-year results, covering the six month period to 2 December 2018. On a constant currency basis sales were up by 13% from £109.6m to £124m, compromised of retail £42.3m (2017: £39.6m), trade £60.7m (2017:…
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15 January
Boohoo raises revenue forecasts amid sales surge
Online fashion retailer Boohoo has raised its revenue guidance for the year after group sales surged 44% to £328.2m in the four months to 31 December. The group, which also operates brands such as PrettyLittleThing and Nasty Gal, experienced a 33% increase in UK sales to £180m up from £135.7m…
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15 January
Booths posts festive sales boost and profit increase
High end supermarket group Booths has reported a “strong” growth in sales over the Christmas period as well as an increase in profit. In the three weeks to 5 January 2019, the company saw a 3.3% increase in sales and a 4.5% year-on-year uplift in profits. The retailer said its…
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14 January
Richemont Europe blames French ‘social unrest’ for sales slowdown
Swiss retail group, Richemont Europe, has blamed French “yellow vest” protests for a slowdown in its sales. The group, which owns Cartier, Dunhill and Net-A-Porter, said it had seen a 5% rise in total sales for the quarter ending 31 December. Despite the sales figure being in line with analysts…
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14 January
JD Sports ‘confident’ after strong Christmas sales growth
Sports fashion retailer JD Sports has reported a total sales growth of 15% for the 48-week period to 5 January 2019. Total like-for-like sales growth during the period also increased by 5%, which included a consistently positive like-for-like performance across Black Friday and the Christmas period. According to the group,…
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14 January
Footfall drops for 13th consecutive month in December
Footfall declined for the 13th consecutive month in December, despite heavy discounting by retailers during the festive period. Overall footfall declined by 2.6% in the month, although this is a lesser decline compared to the previous year when it fell sharply by 3.5%. High street footfall declined by 2.1%,…
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14 January
New Look reveals plan to slash debt to £350m
High street retailer New Look has announced it has reached an ‘in principle’ debt-for-equity swap proposal with key stakeholders to reduce its debt by 80%. The fashion chain is seeking to cut its debt from £1.35bn to £350m and issue new bonds to raise £150m in capital. It also expects…
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11 January
Tesco and M&S stockpile tinned food in prep for Brexit
Tesco and Marks and Spencer have announced they are stockpiling long-life foods in preparation of a no-deal Brexit. The ‘big four’ grocer’s chief executive Dave Lewis revealed that “sensible” contingency planning was underway and the company had been holding talks with its suppliers about increasing stocks of long-life groceries. However…
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