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.
-
Jan- 2019 -8 January
Missguided posts £46.7m loss
Online fashion retailer Missguided has posted a £46.7m loss in its financial results for the 53 weeks ending 1 April 2018 in what it described as an “extremely challenging” year. This is compared with a loss of £1.6m in the 2017. The company said its profitability was “severely impacted” by…
Read More » -
8 January
Joules continues to defy retail gloom over festive period
Joules has continued to defy the retail gloom with an 11.7% sales increase over the festive period. During the seven weeks ending 6 January the clothing and lifestyle retailer said that online sales attributed to almost half of all sales. Joules said the performance was driven through its own digital…
Read More » -
7 January
Aldi posts ‘record’ Christmas sales
Budget supermarket chain Aldi has has reported sales of almost £1bn for the month of December 2018, 10% higher than the previous year. The group said the week commencing 17 December was Aldi’s “busiest-ever in the UK”, and added that the strong sales performance was driven by a “surge in…
Read More » -
7 January
Morrisons to launch new vegan range off the back of 6% sales increase
Morrisons has announced a 6% total sales rise excluding fuel for the 13 week period to 4 November. The supermarket chain said sales growth had eased quarter-on-quarter “without the impact of the favourable weather and World Cup”. Like-for-like sales excluding fuel at Morrisons were up by 5.6%, the supermarket said…
Read More » -
7 January
Dunelm posts 9% revenue surge over festive period
Homeware retailer Dunelm has posted a 9% increase in total like-for-like revenues during the 13-week period ending 29 December, including a 5.7% increase in stores. Dunelm also reported a 37.9% increase in online sales although the company added that it remains “cautious” over its outlook given the “ongoing uncertainty in…
Read More » -
7 January
Retail administrations rise for second consecutive year
The number of retailers entering into administration in 2018 was 125 – compared to 118 in 2017, an increase of 6% according to Deloitte’s latest insolvency figures. Furthermore, the number of retailers entering into company voluntary arrangements (CVAs) increased by 52%, from 25 in 2017 to 38 in 2018. Deloitte’s…
Read More » -
4 January
Gear4Music issues warning despite 41% sales growth
Gear4Music has issued a warning on profit for 2019 saying it would be “slightly below” last year’s results. The warning comes against the backdrop of a 41% year-on-year sales growth, which has seen sales rise to £48.7m. The group also announced that UK sales had risen by 36% to £25.5m,…
Read More » -
4 January
Gaming market now bigger than video and music combined
The video games market now accounts for more than half of the entire UK entertainment market (51.3%), the Entertainment Retailer Association (ERA) has said. Total sales for the games market reached £3,863m in 2018, compared with the total music sales, increasing by £1,334m, and video sales, which reached £2,337m last…
Read More » -
4 January
McColl’s appoints Robbie Bell as CFO
Convenience retailer McColl’s has appointed Robbie Bell to its board as chief financial officer. Bell is moving on from his current position as CFO of Welcome Break Limited following its takeover by Applegreen plc, will take up his appointment on 17 January 2019. In 2017, Bell was appointed CFO of…
Read More » -
4 January
Shop prices rise in December despite discounting
Shop prices saw a 0.3% year-on-year increase in December despite many retailers discounting heavily during the festive period, the BRC-Nielsen Shop Price Index has revealed. This was pushed up by food items which saw a 1.5% increase overall; individually fresh food saw a 0.9% price hike while shelf-stable food prices…
Read More »
