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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Oct- 2018 -10 October
Beauty brand Deciem shutters all stores following bizarre Instagram post
Beauty brand Deciem, has closed all its stores until 2019 following an Instagram post by its founder who alleged “almost everyone at Deciem has been involved in a major criminal activity”. The Toronto-based company’s founder Brandon Truaxe made the claim in an online post on the brand’s official Instagram account.…
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10 October
Nasty Gal adverts banned over ‘unhealthily thin’ model
Three TV advertisements for online retailer Nasty Girl have been banned by the Advertising Standards Authority (ASA) for featuring an “unhealthily underweight” model. The ASA’s assessment of the ads found that while the female model in the ads generally appeared to be “in proportion”, there were specific scenes which “drew…
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10 October
Wilko suffers £65m loss
Homeware retailer Wilko has posted a profit before tax loss of £65m in its latest financial results to the year ending 3 February 2018. The company said during the past year it had invested in excess of £60m in the business to capitalise on future growth. Wilko’s operating profit was…
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10 October
Lidl reprimanded by ASA over ‘Special Offers’ adverts
The Advertising Standards Authority (ASA) has told Lidl one of its ads “must not appear again in its current form”, after an advert in a Northern Irish store led a customer to believe fruit and vegetables would be available for 49p between 16 April and 22 April. Lidl’s advert was…
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9 October
Consumer spending in September dips amid ‘summer hangover’
UK retail sales decreased by 0.2% on a like-for-like compared with September 2017, when it had increased 1.9% from the preceding year. According to new figures from the British Retail Consortium (BRC) and KPMG’s sales monitor, total sales increased by only 0.7% in September, against an increase of 2.3% in…
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9 October
H&M invests £15m stake in Klarna
H&M and Klarna have announced they have entered into a £15m global partnership as the Swedish clothing retailer acquires a less than 1% stake in the fintech company. The clothing retailer said the equity investment demonstrates a “shared commitment and vision to the continual development of smarter retail where optimisation…
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9 October
G-Star Raw to open new UK stores following Portas appointment
Dutch fashion brand, G-Star Raw, is to open four new UK stores in London, Manchester, Watford and Lakeside following the appointment of Portas as its lead strategic agency. The group recently opened a 2,500 sq ft store in Sheffield’s Meadowhall, which became the brand’s first store under its new retail…
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9 October
Ex-Tesco directors back in court over fraud and profit overstatement
Three former directors of Tesco have been taken back to court for overstating profits and allegations of fraud in 2014. The Serious Fraud Office (SFO) are prosecuting former UK finance chief Carl Rogberg, former UK food commercial director John Scouler and former UK managing director Christopher Bush for one count…
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9 October
Ikea fined £100,000 after worker loses part of two fingers
Furniture retailer Ikea has been fined £100,000 after two of an engineer’s fingers were partially amputated during maintenance work on a roof-mounted fan at its Bristol store. The incident took place at the Eastgate Shopping Centre store on 21 November 2016 and was investigated and prosecuted by Bristol City Council.…
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8 October
Tesco to end ‘best before’ dates on fresh produce
Tesco has announced it is to end best before date labels on 116 items as it aims to cut down on post-farmgate waste. Earlier in the year, the supermarket removed the labels from nearly 70 fruit and vegetable products. The further items to see the stickers removed include its own…
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