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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Jul- 2018 -4 July
Calvetron Brands to close remaining concessions
The administrators of Calvetron Brands, parent company of Jacques Vert and Precis, has served notice on the remaining concessions in the UK, Republic of Ireland and Canada. Benjamin Wiles, Trevor Birch and Philip Duffy of Duff & Phelps, were appointed joint administrators in May and the company made the decision…
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4 July
Groom-while-you-shop PetDen opens at Tesco Extra
The PetDen is offering to look after the pets of Tesco customers while they shop, by pampering them at its grooming facility held in the supermarket’s car park. Run by salon manager Liane Shield and groomer Lizz Charlton, prices for the services are dependent on the dog’s height and coat…
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4 July
BRC calls for two-year freeze on business rates
The British Retail Consortium (BRC) has asked the government to consider freezing business rates for two years to ease the pressure on retailers. By proposing a two-year freeze on increases, the BRC said it would give time for the government and industry to develop a proposal for an updated taxation…
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4 July
Sainsbury’s Q1 sales growth stutters as groundwork laid for merger
Sainsbury’s has seen a slump in its total sales growth down to 0.8% from 1.3% in the last quarter of the 2017-18 financial year Like for like sales growth dropped 0.7% down to 0.2% compared with the last quarter of last year. Grocery sales growth in Q1 this year saw…
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4 July
Topps Tiles to continue ‘tight cost control’ after Q3 sales dip
Topps Tiles has posted a further decrease in sales for the 13 weeks ending 1 July 2018, and said it plans to continue “tight cost control” in the face of a “weaker consumer environment”. In a Q3 update the tiling retailer reported a 2.3% decrease in like-for-like sales over the…
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4 July
Scribbler to stock interracial and LGBTQ greeting cards in UK first
Greetings card retailer Scribbler has become the first UK high street retailer to stock greeting cards featuring interracial and LGBTQ couples this month ahead of Pride in London. The range was created by card designer Huetribe and aims to promote social inclusivity and celebrate the “beauty of diversity”. Tineka Smith,…
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4 July
Wilko appoints former Asda CFO as finance chief
Family business Wilko has appointed Alex Russo, a former Asda CFO as its new chief financial officer and executive board director. Russo held the Asda post for five years, but has also held senior roles at Tesco, Kingfisher and Boots, in the UK and abroad, gathering more than 20 years’…
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3 July
Deloitte hits back at Poundworld founder over rescue bid row
Deloitte has hit back at accusations made by Poundworld founder Chris Edwards over the handling of the company’s administration. A statement circulated by Edwards yesterday said “the whole administration process has been handled badly” and he added if something doesn’t happen in the next few days, “the business will go…
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3 July
Personal information of job applicants leaked in Costa Coffee data breach
The parent company of Costa Coffee, Whitbread, has been the subject of a data breach which has seen personal information of job candidates exposed. A cyber attack was carried out on Whitbread’s recruitment agency, PageUp, potentially leaving data including home address, email address, telephone number, maiden name, date of birth,…
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3 July
FRC launches investigation into KPMG’s last Conviviality audit
The Financial Reporting Council (FRC) has launched an investigation into the most recent audit by KPMG of the financial statements of Conviviality. The FRC is investigating the audit of the now defunct off-licence retailer that covered the 52 weeks ending 30 April 2017. The investigation will be conducted under the…
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