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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Jul- 2018 -6 July
England game could bring additional £860m in grocery sales
Grocery sales could rise by up to 5% ahead of England’s quarter-final match against Sweden on Saturday according to data from Kantar Worldpanel. The data consultancy company said an additional £860m of groceries sales could be generated on Friday and Saturday this week. An extra 1.4 million trips are expected…
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6 July
Poundworld founder urges ‘moral argument’ after administrators reject rescue bid
A rescue bid offer made by Poundworld founder Chris Edwards has been been rejected by appointed administrators Deloitte, who say it is not high enough. On 3 July a Deloitte spokesperson said the group was continuing “to seek a buyer of all or parts of the business”, but added to…
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6 July
Retail sales fall for fifth consecutive month
Retail sales fell for the fifth month in a row in June, data from BDO’s High Street Sales Tracker has shown. Total in-store like-for-like sales were down 1.7% compared with last year, when the figures rose 1.3%. It is also the ninth consecutive month that sales growth figures have failed…
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5 July
Retailers win court battle against Mastercard and Visa
The Court of Appeals has ruled in favour of four UK retailers who claimed that card fees charged by Mastercard and Visa when customers make a transaction were too high. Judge Terence Etherton agreed with Asda, Sainsbury’s, Morrisons and Argos and found that the card merchants’ system was an “unlawful…
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5 July
Primark defies high street strife with 6% sales boost
Budget fashion retailer Primark has reported a 6% increase in sales in the 40 weeks to 23 June compared with the previous year. Associated British Foods (ABF), which owns Primark, said growth was driven by increased retail selling space in the UK and abroad, and as a result of “better…
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5 July
England/Colombia World Cup win scores UK a £1.3bn economy boost
England’s penalty shootout victory against Colombia has given the UK economy a £1.33bn boost according to new figures. The figures from the Centre for Retail Research (CRR) show that the UK will benefit from a £2.72bn boost if England make the final. It is thought that the majority of the…
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5 July
Superdry sees 22% revenue rise, announces ‘special dividend’
Clothing brand Superdry has posted a 22% rise in global brand revenue in its full-year results ending 28 April 2018 and has announced a ‘special dividend’ for the second consecutive year. The fashion chain retailer saw its global brand revenue reach £1.6bn up from £1.3bn in 2017. The company’s retail…
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4 July
Calvetron Brands to close remaining concessions
The administrators of Calvetron Brands, parent company of Jacques Vert and Precis, has served notice on the remaining concessions in the UK, Republic of Ireland and Canada. Benjamin Wiles, Trevor Birch and Philip Duffy of Duff & Phelps, were appointed joint administrators in May and the company made the decision…
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4 July
Groom-while-you-shop PetDen opens at Tesco Extra
The PetDen is offering to look after the pets of Tesco customers while they shop, by pampering them at its grooming facility held in the supermarket’s car park. Run by salon manager Liane Shield and groomer Lizz Charlton, prices for the services are dependent on the dog’s height and coat…
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4 July
BRC calls for two-year freeze on business rates
The British Retail Consortium (BRC) has asked the government to consider freezing business rates for two years to ease the pressure on retailers. By proposing a two-year freeze on increases, the BRC said it would give time for the government and industry to develop a proposal for an updated taxation…
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