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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Jun- 2018 -14 June
Retailers say not enough is being done to support mental health at work
According to a survey of 1,100 UK workers, 75% of retail professionals agree that not enough is being done to support mental health at work. The survey, conducted by independent job site CV-Library, revealed that more than half of employees (57.7%) have considered resigning from a job due to lack…
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14 June
Majestic Wine sees profit and sales increase
Wine retailer and supplier Majestic Wine has reported an increase in profits and sales for the 52 weeks ended 2 April 2018. The group reported that its sales were up by 2.3% for the year. It said this increase was driven by 11.3% underlying sales growth in its online wine…
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13 June
Dixons Carphone admits to customer data breach
Electronics retailer Dixons Carphone has admitted to a customer data breach in which hackers gained access to 5.9 million payment cards and 1.2 million personal data records. Those behind the hacking, which began in July last year, had tried to access one of the processing systems of Currys PC World…
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13 June
Most UK consumers are happiest when shopping online
The majority of UK consumers are happiest online when completing an online purchase, a study has revealed. Research conducted by e-commerce martech company Rokt revealed 71% of UK consumers feel happiest when they are shopping online, with 43% consumers linking the emotion of excitement with making an online purchase. The…
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13 June
Inditex improves margins with same-stores sales growth
The owner of the fashion retailer Zara, Inditex, has reported record-breaking revenues and gross margin improvements in the first quarter of the year. Inditex revealed an increase of 7% in overall sales in local currencies and a record-breaking revenue of €6bn (£5.29bn) with a 9% sales increase between 1 May…
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13 June
Instagram launches shopping feature in stories feed
Instagram has included shoppable tags in its stories, expanding its brand posts in the feed. The social media platform completed the feature today (13 June) enabling users to hit a shopping bag sticker in a story to know more details about a product. Instagram expects to potentiate brands that drive…
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13 June
M&S reprimanded by ASA over Christmas claim
M&S has been reprimanded by the Advertising Standards Authority (ASA) after they claimed that they were the only “supermarket where Christmas dinner cost less than last year”. A Good Housekeeping survey was used as the basis of M&S’ claims, however the ASA said this was “misleading” and “substantiation” because “it…
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13 June
PwC hit with record £10m fine for BHS audit
PricewaterhouseCoopers (PwC) has been fined £10m for its handling of the BHS audits and the Taveta Group in 2014. The sanction follows an investigation by the Financial Reporting Council (FRC) under the Accountancy Scheme which opened in June 2016 two months after the retailer’s collapse. PwC signed BHS off as…
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13 June
Almost 133,000 business rates appeals from 2010 still remain unresolved
More than 133,000 businesses are still waiting for an appeal of their business rates valuation from 2010 to be resolved, council leaders have revealed. The Local Government Association (LGA) said councils have been forced to divert £2.5bn away from stretched local services over the past five years to cover the…
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12 June
Harvey Nichols to offer ‘live shopping’ online
British luxury department store Harvey Nichols has become the first retailer to offer ‘live shopping’ online due to its partnership with retail technology company Hero. Harvey Nichols now provides online and offline shopping experiences to customers enabling them to reach stylists from its seven UK stores in addition to its…
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