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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Jun- 2018 -15 June
H&M sales fail to hit expectations
The Swedish fashion brand H&M has revealed that it missed its sales expectations for the second quarter sales growth in its latest financial report. The retailer reported a shares decrease of 3.6% in early trading as well as unchanged sales in local currencies from March to May including VAT, meaning…
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15 June
Parfetts Cash and Carry acquires Blakemore Wholesale
Retailer Parfetts Cash and Carry has acquired Middlesbrough-based food retail and distributor Blakemore Wholesale for an undisclosed sum. Parfetts now has seven branches as the acquisition geographically expands the wholesale service, as well as the Go Local Retail Club formats which span from the Midlands to the north of England.…
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15 June
Royal wedding boosts retail sales in May
The quantity bought in the retail industry increased by 1.3% in May 2018 when compared with April 2018, according to the Office for National Statistics (ONS). Feedback from retailers suggested that a sustained period of good weather and royal wedding celebrations encouraged spending in food and household goods stores in…
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15 June
Tesco’s sales rise with Booker’s acquisition
Tesco has increased its sales for the 10th quarter in the three-months to 26 May, meaning its acquisition of wholesaler Booker was a successful move. Tesco reported its group sales increased by 1.8%, with UK and Ireland sales increasing 3.5%. Similarly, Booker, which Tesco bought for £3.7bn last year, had…
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14 June
N Brown to close all of its remaining stores
N Brown Group, which owns fashion retailers JD Williams, Jacamo and Simply Be, has announced plans to shut down all of its remaining 20 stores, putting 240 jobs at risk. The company had a 0.4% dip in group revenue and 2.8% drop in product revenue in its Q1 report. Poor…
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14 June
World Cup sticker price rise sees newsagent distributor CEO resign
Mark Cashmore, the CEO of Connect newsagent distributors, has left the company after it saw shares plummet by 66% (an all time low) after the price of Panini’s World Cup sticker packs increased from 50p to 80p. Chief financial officer David Bauernfeind has also left the company following the price…
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14 June
Generation Z prefer ‘real-world retail’ over online shopping
Generation Z consumers enjoy ‘real-world retail experiences’ that focus on technology rather than online shopping, a new study has found. Commerce marketing technology company Criteo has released its Gen Z report, which analyses shopping perceptions and behaviours from thousands of members of Generation Z (Gen Z). It’s latest report revealed…
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14 June
Retailers say not enough is being done to support mental health at work
According to a survey of 1,100 UK workers, 75% of retail professionals agree that not enough is being done to support mental health at work. The survey, conducted by independent job site CV-Library, revealed that more than half of employees (57.7%) have considered resigning from a job due to lack…
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14 June
Majestic Wine sees profit and sales increase
Wine retailer and supplier Majestic Wine has reported an increase in profits and sales for the 52 weeks ended 2 April 2018. The group reported that its sales were up by 2.3% for the year. It said this increase was driven by 11.3% underlying sales growth in its online wine…
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13 June
Dixons Carphone admits to customer data breach
Electronics retailer Dixons Carphone has admitted to a customer data breach in which hackers gained access to 5.9 million payment cards and 1.2 million personal data records. Those behind the hacking, which began in July last year, had tried to access one of the processing systems of Currys PC World…
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