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 -4 July
Sainsbury’s Q1 sales growth stutters as groundwork laid for merger
Sainsbury’s has seen a slump in its total sales growth down to 0.8% from 1.3% in the last quarter of the 2017-18 financial year Like for like sales growth dropped 0.7% down to 0.2% compared with the last quarter of last year. Grocery sales growth in Q1 this year saw…
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4 July
Topps Tiles to continue ‘tight cost control’ after Q3 sales dip
Topps Tiles has posted a further decrease in sales for the 13 weeks ending 1 July 2018, and said it plans to continue “tight cost control” in the face of a “weaker consumer environment”. In a Q3 update the tiling retailer reported a 2.3% decrease in like-for-like sales over the…
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4 July
Scribbler to stock interracial and LGBTQ greeting cards in UK first
Greetings card retailer Scribbler has become the first UK high street retailer to stock greeting cards featuring interracial and LGBTQ couples this month ahead of Pride in London. The range was created by card designer Huetribe and aims to promote social inclusivity and celebrate the “beauty of diversity”. Tineka Smith,…
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4 July
Wilko appoints former Asda CFO as finance chief
Family business Wilko has appointed Alex Russo, a former Asda CFO as its new chief financial officer and executive board director. Russo held the Asda post for five years, but has also held senior roles at Tesco, Kingfisher and Boots, in the UK and abroad, gathering more than 20 years’…
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3 July
Deloitte hits back at Poundworld founder over rescue bid row
Deloitte has hit back at accusations made by Poundworld founder Chris Edwards over the handling of the company’s administration. A statement circulated by Edwards yesterday said “the whole administration process has been handled badly” and he added if something doesn’t happen in the next few days, “the business will go…
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3 July
Personal information of job applicants leaked in Costa Coffee data breach
The parent company of Costa Coffee, Whitbread, has been the subject of a data breach which has seen personal information of job candidates exposed. A cyber attack was carried out on Whitbread’s recruitment agency, PageUp, potentially leaving data including home address, email address, telephone number, maiden name, date of birth,…
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3 July
FRC launches investigation into KPMG’s last Conviviality audit
The Financial Reporting Council (FRC) has launched an investigation into the most recent audit by KPMG of the financial statements of Conviviality. The FRC is investigating the audit of the now defunct off-licence retailer that covered the 52 weeks ending 30 April 2017. The investigation will be conducted under the…
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3 July
ASOS appoints former ITV boss Adam Crozier as new chair
Online fashion retailer ASOS has announced that it has appointed Adam Crozier as its new chair and non-executive director. Crozier will replace Brian McBride, who steps down on 29 November 2018 following the company’s next AGM, after six years in the role. He has extensive boardroom experience, with directorships of…
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2 July
Estate agents join high street casualties as insolvencies rise
Around 153 estate agents have gone insolvent in the last year, up from 148 the year before, according to a new report. Accountancy firm Moore Stephens found that as the online estate agency market continues to grow, firms such as Hatched, Rightmove, Yopa and Zoopla have squeezed high street rivals.…
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2 July
Philip Green’s company fails to block BHS audit report
The parent company of Philip Green’s Arcadia retail empire, Taveta Investments, has failed to impose an injunction on the publication of BHS’ audit reports. It was seeking an interim injunction before a judicial review of the report, but the High Court ruled in favour of the Financial Reporting Council (FRC)…
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