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.
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Apr- 2018 -5 April
Co-op to open trio of stores in Worcester
The Co-op is set to open three new food stores in the Worcester area following a £2.25m investment. A store in Station Road, Honeybourne, opened today and includes an in-store bakery and a focus on fresh, healthy foods and meal ideas. Another store in Barker Street, Worcester opened on 22…
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5 April
HMV CEO resigns after five years at the helm
HMV chief executive, Ian Topping, has resigned in order to “take on a variety of part time challenges”. After leading the entertainment giant for the last five years, he will spend six months handing over the reins to a new management team. Current retail director, Neil Taylor, has been appointed…
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5 April
Magners cider owner buys Conviviality wholesale division
The owner of Magners cider, C&C, has completed a deal to acquire Conviviality’s wholesale distributors. The beverage supplier and retailer has sold its Bibendum and Matthew Clark brands, with the support of brewer AB InBev. C&C was in early morning talks with Conviviality on 4 April, and by the end…
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4 April
Grocery sales remain strong despite frosty weather
The latest grocery market share figures show that grocery sales increased in value by 2.5% compared to the same period in 2017, despite adverse weather conditions disrupting shoppers. In the run up to and during the cold snap shoppers stockpiled groceries, buying 4% more items than normal, increasing the…
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4 April
Amazon reprimanded by watchdog over ‘misleading’ ads
Four adverts by Amazon have been banned after the Advertising Standards Authority (ASA) said they were “misleading”. In a series of TV adverts in July last year, Amazon promoted items such as a laptop gaming monitor, TV and an electric toothbrush with savings of over £300 on their RRP. The…
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4 April
Mothercare CEO shock resignation
Mark Newton-Jones abruptly resigned from the position of CEO of Mothercare this morning as the embattled retail chain seeks to stabilise. The firm announced the appointment of David Wood as CEO with immediate effect, but the news of Newton-Jones’ departure caused the group’s share price to fall 2.3% in morning…
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4 April
UK shop prices plummet to lowest point in a year
UK shop prices in March fell at their fastest rate since February 2017. Deflation in non-food prices decreased at a rate of 1.9% in March, according to the British Retail Consortium. Food inflation slowed down substantially in March, inflation standing at 0.4%, down from 1.6% in February. This is the…
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3 April
Trump Twitter attack causes Amazon share slump
Shares in online retail giant Amazon have fallen 6% after Donald Trump attacked the firm over the pricing of its deliveries and its apparent reliance on the United States Postal Service. In a tweet on 2 April 2018 Trump accused Amazon of not paying enough tax, making the postal system…
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3 April
Conviviality may face legal action from investors
Investors in Conviviality are considering the possibility of legal action against the board of the company amid claims they were misled over its financial health. According to The Times, the rapid demise of the drinks retailer has provoked suspicions about when the board first had concerns over its trading and…
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3 April
House of Fraser gets additional £15m cash injection
House of Fraser has received a further £15m investment from its Chinese owner Sanpower Group after it suffered a drop in sales over the Christmas period. The company lost £9m last year and saw its sales fall by 2.9% during the festive period. Sanpower, chaired by billionaire Yuan Yafei, put…
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