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.
-
Apr- 2018 -27 April
Hearty Food Company products recalled by Tesco
Tesco has recalled the Hearty Food Company Sausage and Mash and Cottage Pie, as they contain milk not mentioned on the packaging. A ruling by the Food Standards Agency (FSA) said that the products represented a health risk to anyone with milk allergies and intolerances. Milk intolerance can cause problems…
Read More » -
27 April
Shoppers seek overseas ecommerce to combat Brexit prices
A third of UK online shoppers have chosen to buy from abroad according to a survey by online shopping community Pepper.com. Shoppers are thought to be looking overseas due to a rise in UK prices following the UK’s vote to leave the EU. The UK is much more loyal to…
Read More » -
27 April
Amazon Q1 sales up 43% to £36.9bn
Amazon has reported a 43% increase in revenue for the first quarter of the year, totalling $51bn (£36.9bn). The online retail giant’s operating income increased 92% to $1.9bn (£1.3bn) compared with operating income of $1bn (£725m) in the first quarter of 2017. Amazon also announced that its net income had…
Read More » -
27 April
Peter Pritchard takes up CEO position at Pets at Home
Peter Pritchard has stepped into his role as the new CEO of Pets at Home, with immediate effect. The retailer announced Pritchard’s promotion from his position of chief executive of retail in November 2017, taking over from Ian Kellett. He joined the retailer in 2011 as its commercial director and…
Read More » -
27 April
Retail sales expected to be ‘a little healthier’ next month
Retail sales are expected to pick up in May, according to the Distributive Trades Survey by the Confederation of British Industry (CBI). The survey of 100 firms showed that, in the year to April, retail sales volumes were broadly unchanged. Sales were below average for the time of year for…
Read More » -
26 April
Plastic packaging pact signed by 42 UK firms
Some 42 UK firms including all of the big five supermarkets (Asda, Sainsbury’s,Tesco, Morrisons and Lidl) have signed a pact to dramatically reduce single use plastics by 2025. The pact aims to make 100% of plastic packaging reusable as well as making sure 70% of plastic packaging is effectively recycled.…
Read More » -
26 April
London cake shop launches ‘edible tampon’ macarons
A London cake shop, Ohlala, is selling tampon-shaped macarons in support of Bloody Good Period, a charity which supplies free sanitary products to those who cannot afford them. For every box of eight sold (priced at £24.50), Ohlala will donate £10, enough to supply a month of free sanitation products…
Read More » -
26 April
Number of retail jobs falls in first quarter
The number of full time jobs in UK retail has fallen by 2.5% compared with the same time last year, data from the British Retail Consortium (BRC) shows. The number of hours worked was also down, with a 3.2% year-on-year decline. The trade body attributed this to the “structural change”…
Read More » -
26 April
N Brown Group posts revenues of £922m
Fashion retail group N Brown’s latest financial results show group revenue reached £922m for the full year, up 3.9% from the previous year. For the 52 weeks to 3 March the group’s boost in revenue was driven by strong performances from its three key brands, with a 16.9% increase in…
Read More » -
26 April
Bunnings reports ‘significant’ decline in sales
Bunning’s retail sales decreased by 13.5% to £211m for the third quarter of the 2018 financial year. The DIY retailer said the severe March weather significantly affected trading, particularly in the seasonal gardening and outdoor living categories. However, Michael Schneider, group managing director, said “satisfactory progress has been made…
Read More »
