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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Aug- 2018 -10 August
Irish retail family in talks to save Poundworld
Poundworld could be saved in a last minute rescue as an Irish retail family is in talks with its administrators to purchase some of the stores. The Hendersons founded Irish company Poundworld in 1984 and sold it in 2007. The retail chain has no relation to the Poundworld UK. The…
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10 August
House of Fraser site offline as administration threatens 17,500 jobs
House of Fraser has appointed administrators after talks with investors and creditors were “not concluded in a solvent solution”. The department store currently employs 17,500 people across its 59 stores of which 31 have already been earmarked for closure. Despite the administration all House of Fraser stores are expected to…
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9 August
House of Fraser sets new deadline to secure funds
House of Fraser has set itself a new deadline to secure funding to avoid collapse. In a statement to the Luxembourg Stock Exchange, the company said that it would require an investment no later than 20 August. Earlier reports said the department store would make a final decision on its…
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9 August
ScS growth edges up in ‘encouraging’ results
ScS has announced it is trading “in line with its expectations for the year” despite concerns it may have been hit by the decline in retail footfall. The furniture retailer saw an overall order growth of 1.3% in the 52 weeks up to 28 July, along with a like-for-like order…
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9 August
Pandora CEO steps down following profit warning
Pandora has announced Anders Colding Friis is stepping down as president and CEO of the company effective 31 August 2018. The company saw its shares slump nearly a quarter on Tuesday 7 August when it announced it was reducing its sales and profit growth forecast, and after a follow-up announcement…
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9 August
Aldi announces ‘carbon neutral by 2019’ aim
Aldi UK and Ireland has unveiled plans to become carbon neutral by 2019 following investment in a long-term carbon management programme. The supermarket, which has more than 775 stores and 11 distribution centres across the UK and Ireland, has reduced its carbon footprint in recent years, including by installing 388…
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9 August
House of Fraser fate could be decided today
A decision could be made on the future of House of Fraser today as its creditors assess takeover bids made by Sports Direct’s Mike Ashley, retail tycoon Philip Day, and retail turnaround fund Alteri Investors. According to Sky News, PwC spent Wednesday (8 August) afternoon negotiating on the 169-year-old’s department…
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9 August
Card Factory sales up 3.2% despite ‘extreme weather’
Card Factory has reported 3.2% growth in total group sales for the six months ending 31 July, despite the impact of the year’s “extreme weather conditions” on high street footfall. The retailer’s like-for-like sales decreased to -0.2%, a drop of 3.1% when compared with the same trading period last year…
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8 August
80 Homebase stores to shutter affecting 1,000 jobs
Homebase will announce the closure of 80 stores next week resulting in the loss of 1,000 jobs. The DIY chain has already closed 17 stores after it was bought out by restructuring experts Hilco for £1 in May, and is said to be filing for a CVA. Insolvency advisors Alvarez…
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8 August
BTA urges retailers to open their toilets to the public
The British Toilet Association (BTA) has urged retailers to open their toilets to the public after the number of public facilities in the country slumped from 3,955 in 2000 to 2,414 this year. Retailers are being asked by the association to join a Community Toilet Scheme as part of its…
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