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.
-
Jul- 2018 -27 July
B&Q reinforces commitment to kitchen and bathrooms market
Home improvement retailer B&Q has begun to recruit 800 new colleagues in its bid to further commitment to the kitchens and bathrooms market. The new recruitments will be based at the retailer’s showroom areas to assist customers. The news comes after B&Q recently announced proposals to simplify the way it…
Read More » -
27 July
Stockpiling of food ‘not a practical response’ to a no-deal on Brexit
The British Retail Consortium (BRC) has said the stockpiling of food is not a practical response to a no-deal on Brexit and the industry “has not been approached by the government to begin planning for this”. According to the association, retailers do not have the facilities to house stockpiled goods…
Read More » -
27 July
UK shoppers prefer to shop online, research suggests
Some 51% of UK consumers have said they prefer to shop online than in-store, research by ecommerce search and navigation specialists EmpathyBroker has suggests. Furthermore, over 55% also said that they were shopping more online this year compared to 2017. The research found that regular consumer shopped online on average…
Read More » -
27 July
Amazon announces ‘record breaking’ profits for Q2
Amazon has announced that during its second quarter ending June 30, 2018, its net sales increased by almost 40% to £39.6bn. Amazon also announced that net income reached $2.5bn (£1.9bn) breaking the $2bn barrier for the first time. Operating income increased to $3bn, compared with operating income of $628m (£479m)…
Read More » -
27 July
House of Fraser CVA delayed by landlords
House of Fraser’s planned company voluntary agreement (CVA) has been delayed by landlords who have launched legal action, with representatives call the plans “unfairly prejudiced”. New House of Fraser owners C.Banner, filed an announcement with the Hong Kong stock exchange yesterday (26 July) explaining that the company would need additional…
Read More » -
26 July
Fifth of UK retailers plan to axe jobs in the next three months
New research has found that almost a fifth of UK retailers are planning to cut staff in the next three months. The research by the British Retail Consortium (BRC) found that the number of people employed in the UK retail sector had fallen by nearly 3% in the last three…
Read More » -
26 July
Intu issues rental growth warning, CEO to leave
Intu Properties has warned of lower rental income growth for the full year and also announced that CEO David Fischel is to step down. In its half-year results for the period ending 30 June Intu reported like-for-like net rental income rose by 1.3% at the lower end of its previous…
Read More » -
26 July
Retail hours worked drops ‘sharply’ in second quarter
The number of hours worked in the retail industry dropped by an average of 2.8% in the three months to July, as staff seek “greater flexibility in their workforces”. The British Retail Consortium’s (BRC) latest retail employment monitor shows hours worked by employees on full time contracts dropped more sharply…
Read More » -
26 July
Omnichannel experience ‘key to survival of high street’, shoppers say
Over 52% of shoppers in the UK believe that retailers need to offer a more seamless experience between online and offline commerce to retain their custom. This was one of the key findings from a survey of 1,000 shoppers, conducted by full service e-commerce agency, PushON, which stated that retailers…
Read More » -
25 July
Food supply chains ‘in danger’ under Brexit
The British Retail Consortium (BRC) has warned about the potential for damaging consequences for UK consumers and EU producers if a Brexit agreement is not reached between the EU and UK from 29 March 2019. The BRC sent a letter to UK prime minister Theresa May and the European Union’s…
Read More »
