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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Sep- 2018 -5 September
Inditex to sell all its brands online worldwide by 2020
Inditex, the Spanish parent company behind brands such as Zara and Pull&Bear, has announced that it will sell products from all of its brands online around the world by 2020, even in countries where it doesn’t have stores. Pablo Isla, Inditex chairman and CEO, made the announcement during a…
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4 September
Retail sales growth slows during August
UK retail sales growth continued to slow during August as the summer boost comes to an end, according to figures from the BRC-KPMG Retail Sales Monitor. In August, UK retail sales increased by 0.2% on a like-for-like basis compared with the same period the previous year. On a total basis,…
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4 September
Footfall ‘better than expected’ in August
Footfall fell by 4.1% in August compared with the same month last year, according to the Ipsos retail footfall tracker. Despite the drop, analysts described footfall levels as “better than expected” as the pace of year-on-year footfall decline slowed in August. Ipsos said this might be down to the success…
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4 September
M&Co reports rocketing online sales
M&Co has reported a rapid rise in its online sales of 18.3% in the year to February which contributed to an overall sales rise of 5.4% up to £211.4m. The group saw pre-tax profit grow by £320,000 to over £3.6m, while like-for-like sales grew by 2.4% across the same period.…
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4 September
John Lewis and Waitrose add ‘& Partners’ to business name in branding shakeup
John Lewis and Waitrose have added ‘& Partners’ to the group’s business names, formally recognising the 83,000 partners who work for the John Lewis Partnership for the first time in the company’s history. According to the groups the change has been designed to highlight its partnership business model and culture…
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3 September
Eve Sleep appoints former Moonpig boss as new CEO
Online mattress retailer Eve Sleep has announced the appointment of James Sturrock as chief executive officer with effect from 10 September 2018. The company has also appointed Nikki Crumpton to the board as senior independent non-executive director with immediate effect, replacing Peter Hepworth who has decided to step down from…
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3 September
Boden reports strong sales increase of 13%
Lifestyle retailer Boden has reported a 13% rise in sales for the year ending December 2017 due to an increase in overseas customers. This increase in sales accounted for £347.1m growth.The company also saw its pre-tax profit rise to £27.3m from £26.2m; an increase of 4%. Boden attributed its strong…
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3 September
Footasylum shares drop by 50% as company warns of losses
Footasylum has this morning issued a profit warning that said it expects to report lower than expected revenue and a loss in EBITDA. Shares in the company dropped by 50% this morning (3 September) following the warning. The footwear retailer blamed “weak consumer sentiment on the high street” for the…
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Aug- 2018 -31 August
The Cotswold Company appoints former HMV CEO as chairman
True, European retail and consumer sector specialist investor, has appointed Ian Topping as chairman of online furniture retailer, The Cotswold Company. Topping will work alongside the management team in driving the strategy and continued growth of the business. Topping will be resigning from his current role as chief executive at…
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31 August
UK consumer confidence jumps three points in August to -7
The GfK’s long-running consumer confidence index showed an increased of three points to -7 in August 2018. The index which measures changes in personal finances during the last 12 months has also increased by three points this month to +4, two points higher compared with the same period time last…
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