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 -2 August
B&M appoints two female appointments to its board of directors
B&M has has appointed Carolyn Bradley and Tiffany Hall to its board of directors in non-executive roles. B&M announced that Bradley will join the audit and risk committee and the nomination committee of the company, while Hall will join the discount retailer’s remuneration and nomination committees. Bradley joins from a…
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2 August
Businesses with over 50 employees asked to publish gender pay results
A report by the business, energy and industrial strategy committee has called on government to ask businesses publish gender pay gap data to those with over 50 employees. The report recommends a “widening of the net of companies” required to report and for companies to be required to publish action…
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2 August
Over half of UK businesses braced for revenue drop due to Brexit
Over half of UK businesses believe Brexit will trigger a drop in revenue in 2019 according to new research by business intelligence and analytics solutions provider, MHR Analytics. The findings were published in the firm’s new report ‘Business Insight: The Data Surge’ which contains detailed polling of 200 senior decision-makers…
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2 August
Scotland sees ‘disappointing’ retail sales rise
Scottish government figures have found that retail sales in the country have risen by 0.3% between April and June compared with the three previous months. The UK as a whole saw a retail rise in sales volume of 2.8% according to the Office of National Statistics (ONS), the value of…
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1 August
C.banner pulls out of House of Fraser rescue
C.banner has pulled out its House of Fraser rescue deal worth £150m due to a dive in its share price. The Hamley’s owner said the deal had been “rendered impracticable and inadvisable” following the fall. House of Fraser is now urgently seeking a £50m investment in order to avoid collapse.…
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1 August
Zara unveils new delivery plans to compete with Asos and Boohoo
Zara has announced new delivery plans in order to compete with Asos and Boohoo, the new plans will see it combine its physical and online inventories. The combined inventories will mean items will be shipped from stores, with customers who live closer to stores will be able to get their…
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1 August
Shop prices in July reach lowest deflation in eight months
The non-food items category reached its lowest level of deflation since December 2017, at 1.4% in July, according to new British Retail Consortium (BRC) data. The latest BRC-Nielsen Shop Price Index showed fresh food inflation rose 1.6%, compared with only 0.8% in June, and ambient food inflation increased by 2.2%,…
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1 August
Next sales grow 2.8% but shares slump
Next’s shares slumped 6% in early trading, despite the retailer reporting sales growth of 2.8% – boosted by the hot weather – in its latest results. The clothing retailer said in its trading update for the 12 weeks ending 28 July online sales were up 12.5%, but in its retail…
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1 August
Men in retail more likely to be scrutinised for appearance at work
Men who work in retail jobs are more likely to be scrutinised for their appearance than women, according to new data. Research from job search website CV-Library found 21.4% of retail employees have to follow gender-specific rules at work, despite 61.9% agreeing that these rules are sexist. The study of…
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Jul- 2018 -31 July
Consumer confidence dips in July
Consumer confidence dropped in July despite the boost of the World Cup and heatwave, a new survey suggests. According to GfK’s most recent Consumer Confidence Index, which surveys 2,000 respondents, confidence dropped by one point to -10 compared with June. The index has registered confidence levels at zero or below…
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