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 -7 June
Beano Studios and Ted Baker partner for 2018 kidswear collection
British luxury retailer Ted Baker and Beano Studios have announced plans to collaborate on a 2018 ‘Beano Baker’ kidswear collection. Inspired by Beano’s original Fan Club colours and style guides, the fashion collection will launch in July 2018 consisting of loungewear, shirts, hoodies and t-shirts featuring iconic Beano artwork and…
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7 June
Amazon to create 2,500 UK jobs
Online retail giant Amazon has announced that it will create 2,500 permanent jobs in the UK in 2018, taking the total UK workforce to 27,500 by the end of the year. The company has said that there are roles available for people with all levels of experience, education and skills,…
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7 June
Sainsbury’s promotes Clodagh Moriarty to new digital role
Sainsbury’s has promoted Clodagh Moriarty to its operating board as group chief digital officer with immediate effect. Moriarty will create and lead the supermarkets giant’s digital strategy and will be tasked with ensuring customers experience an integrated and seamless digital experience across Sainsbury’s, Argos, Sainsbury’s Bank and Nectar. Moriarty has…
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7 June
Joules 18% sales boost defies high street blues
Clothing retailer Joules has announced a rise in revenue for the year up to May 27 of 18% on figures for the same period last year. Retail revenues rose 16%, which the company says was “driven by a very good e-commerce sales performance as well as continued growth across the…
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7 June
House of Fraser to shutter 31 stores
Embattled department store chain House of Fraser has announced it is to close 31 stores as part of its CVA proposals, due to its current property portfolio being “unsustainable in its current form”. Following a comprehensive review of the group’s entire property portfolio, the directors of the company has identified…
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6 June
Poundworld buyer pulls out
The future of discount retailer Poundworld has been cast into doubt following Alteri Investors withdrawal from their buyout. Other bidders are queuing up however with founder Chris Edwards rumoured to be considering re-acquiring the 355-store chain. He sold the chain to TPG for £150m and then took over at rivals…
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6 June
Network Rail to restrict plastic use for retail tenants
Network Rail has announced plans to tackle environmental issues in the country’s biggest and busiest rail stations. The group plans to ban retailers from supplying plastic cutlery and cups in managed stations, implement a coffee cup recycling scheme for managed stations, and expand the role out of coffee ground recycling…
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6 June
May consumer spending growth highest since April 2017
In-store consumer spending in May led to an increase of 5.1% in consumer spending, the highest level of growth recorded since April 2017. Barclaycard’s data revealed in-store spending grew 2.6% as consumers experienced good weather that encouraged them to go out to the shops. The report also said non-essential expenditure…
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6 June
Silks ad that ‘objectified women’ banned
A poster advert for Scottish lingerie retailer Silks has been banned by the Advertising Standards Authority (ASA) for “objectifying women” after it showed an image of a woman leaning forwards to emphasise her breasts with her head out of shot. This morning’s ASA ruling said that the advert “invited viewers…
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6 June
WHSmith Q3 sales boosted by travel business
WHSmith has posted an uptick in Q3 sales driven by the continued growth of its travel business. In the 13-week period ending 2 June, the bookseller and newsagent chain’s total group sales were up 4% with like-for-like sales up 1% compared with last year. Travel business total sales were up…
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