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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Dec- 2018 -3 December
House of Fraser Manchester store saved from closure
The House of Fraser Kendal’s store in Manchester has been rescued from closure, saving roughly 570 jobs. New terms have been reached with the store’s landlord, allowing trading to continue, with the Manchester city council playing an “instrumental” role in discussions. The council leader, Sir Richard Leese, said: “Today’s announcement…
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3 December
240 Crawshaw jobs saved following £1.4m deal
As many as 240 jobs at meat retailer Crawshaw have been saved following a £1.4m deal which will see its last 19 stores sold to butchery chain Tom Cribbin for £1.4m. Last month, Crawshaw announced it has entered administration, putting 600 jobs at risk across its 42 stores. A Crawshaw…
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3 December
McColl’s posts second profit warning amid ‘unprecedented supply chain disruption’
Convenience retailer McColl’s has announced that full-year profits are to come in below expectations as a result of “unprecedented supply chain disruption” following the collapse of supplier Palmer & Harvey. In light of “transitional challenges and continued difficult trading conditions”, McColl’s announced adjusted EBITDA for FY18 is now expected to…
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Nov- 2018 -30 November
Retailers ‘unprepared’ for a ‘no-deal’ Brexit, warn analysts
An industry-wide survey has revealed that over a third of retailers indicated they have ‘done little to no preparation’ or feel ‘very underprepared’. According to the research by retail analytics firm Retail Economics, top retailer concerns for a no-deal scenario were supply chain management (64%), availability and cost of labour…
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30 November
Tesco and VW partner to provide largest retail electric vehicle charging network
Tesco and Volkswagen have announced the development of the largest UK retail Electric Vehicle charging network, powered by Pod Point. The UK’s leading fuel retailer and the world’s largest vehicle manufacturer have partnered to roll out over 2,400 EV charging bays across 600 Tesco stores within the next three years.…
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30 November
Consumer confidence drops marking ‘season of uncertainty’
Market research firm GfK’s latest Consumer Confidence Index has shown that confidence decreased by three points in November 2018 to -13. There were declines recorded across all five measures used to calculate the Index including general economic situation and personal financial situation. The index measuring changes in personal finances during…
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30 November
Sainsbury’s introduces food bank ‘priority item’ labels
Sainsbury’s has announced it will introduce new food bank “priority item” labels for its products following a successful trial in Exeter. The labels aim to inform customers of what their local food banks need, customers will then be able to make donations in an area behind the checkouts. The new…
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29 November
The Range bans under-18s from shopping alone in its stores
Homewares retailer The Range has banned under-18s from shopping alone in its stores, “due to the products on sale in store”. A backlash began in Wales after two 17-year-olds were kicked out of the chain’s Rhyl store whilst shopping for Christmas presents. The teenagers’ mother, Karen Jayne, took to the…
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29 November
Hammerson completes £236m Highcross sale
Hammerson has completed the sale of its 50% stake in Highcross shopping centre in Leicester to an Asian investor introduced by M&G Real Estate for £236m. The sale price represents a 5% discount to the December 2017 book value. The transaction comes after a successful standard EU competition clearance and…
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29 November
Wilko appoints former Asda boss as chief commercial officer
Homewares retailer Wilko has appointed Andrew Moore as chief commercial officer and executive board director, who will join the group at the beginning of December. Moore was most recently senior vice president and chief merchandising officer at Asda in charge of a multi-billion-pound portfolio of merchandise across all Asda trading…
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