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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Aug- 2018 -28 August
House of Fraser property plans revealed
An announcement is expected to be made later this week concerning the closure of more House of Fraser stores. “Greedy landlords” have been blamed for the impending closures which may result in the loss of hundreds of jobs as “time is running out”. Landlords are reportedly hesitant to agree to…
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28 August
Amazon recruits ‘ambassador’ Twitter accounts for ‘educating’ people on working conditions
Amazon has recruited approximately 15 ‘ambassador’ Twitter accounts for “educating” people on working conditions in the online retailer’s fulfillment centres. The accounts frequently reply to tweets criticising the company with all replies featuring similar messages regarding issues such as working hours, toilet breaks and wages. https://twitter.com/AmazonFCAdam/status/1033121029391085568 https://twitter.com/AmazonFCJeremy/status/1033586444688941057 Business marketing application…
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28 August
Amazon named ‘most reputable UK retailer’ in consumer survey
Amazon, Boots and John Lewis have topped the 2018 UK Retail RepTrak ranking of the most reputable retailers, the Reputation Institute has announced. The research was based on 5,175 individual ratings from the UK general public and based on an assessment of 50 nominated companies. Amazon’s reputation significantly improved since…
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28 August
‘Brutal’ force-feeding of calves filmed on Waitrose organic dairy farm
Animal rights group, Animal Equality, has released footage of calves being “violently handled” on the Coombe organic dairy farm in Somerset which supplies Waitrose. The footage shows several cows with their back legs chained together in shackles and calves being denied access to water for up to 29 hours on…
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24 August
Victoria’s Secret plans 20 store closures
Victoria’s Secret has announced plans to close 20 stores, the retailer has already closed six North American stores and has announced it intends to close 14 more stores in undisclosed locations. When asked if closures would affect UK stores by Retail Sector, the company failed to provide a response. The…
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24 August
Marlowes Shopping Centre unveils first stages of new development plans
The Marlowes Shopping Centre in Hemel Hempstead is currently undergoing extensive refurbishments to improve its family facilities and invest in the local area. Last year the shopping centre made a commitment to the local community to provide updated facilities, enhancing Hemel shoppers’ experience as part of a wider investment in…
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24 August
Retailers risk losing two-thirds of customers with ‘new shopper’ discounts
Retailers are at risk of losing their most loyal customers if they don’t change the way they execute sales periods. Research commissioned by Collinson, a global loyalty and benefits company (formerly ICLP), found that 66% of respondents said retailers which offer discounts exclusively to new customers ‘annoy’ them as loyal…
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23 August
CMA begins Sainsbury’s Asda merger probe
The Competition and Markets Authority (CMA) has launched its formal investigation into the proposed merger between J Sainsbury PLC and Asda Group. Since the announcement of the proposed merger on 30 April, the CMA has been gathering the information needed to start its formal investigation. It will now begin the…
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23 August
Urban Outfitters records record sales results as shares rocket
Urban Outfitters has announced record overall sales of £769.5m, seeing a 13.7% increase across the three months to July 31. The fashion retailer also announced an 86% income rise over the last quarter, bringing its half year income to £103.9m. The record figures led to a rocket in share price…
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23 August
Crew Clothing acquires Saltrock Surfwear
Saltrock Surfwear, a leisurewear and accessories retail brand based in Devon, has been sold to Crew Clothing Group via a pre pack administration. David Pike and Mark Orton from KPMG were appointed joint administrators to Saltrock Surfwear Limited on 17 August. Immediately upon their appointment, they concluded a sale of…
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