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.
-
Jan- 2018 -17 January
Seasalt reports record breaking Christmas sales
Cornish fashion brand Seasalt has reported a record year for Christmas trading, with overall sales up 52% for the five weeks leading up to 6 January 2018. Strong sales growth was recorded both online and in-store, with 72% online year-on-year growth and store sales up by 40%. Additionally, international sales…
Read More » -
17 January
Petrol station retailer signs deal with Wave
RH has signed a three-year deal with national water retailer Wave to supply water and wastewater services which will deliver cost savings of least £67,000. The independent petrol station and forecourt retail company is most well-known for it’s 489 sites in England and Scotland, such as Esso, BP or Shell. Its…
Read More » -
17 January
Hugo Boss reports a strong final quarter for 2017
Hugo Boss has “achieved its goals for 2017” following strong sales in its final quarter, it has reported in its preliminary results for the year. Sales for the luxury retailer were up by 5% to £652m in the final quarter, raising its full year sales by 3% to £2.4bn. The…
Read More » -
17 January
The Works posts record Christmas sales
Discount retailer The Works has announced its strongest ever Christmas trading performance, delivering 15% total year-on-year sales growth over the 12 weeks ending 24 December 2017. The company, which sells gifts, arts and crafts and books recorded increased growth both in-store and online for a seventh consecutive year. Total like-for-like…
Read More » -
17 January
Poundland to open 150 Pep&Co ‘shop-in-shop’ fashion stores
Poundland has announced it will be opening over 150 Pep&Co ‘shop-in-shop’ fashion outlets in its stores over the next 12 months. The expansion comes just days after the retailer secured new loan funding to maintain its investment plans. Poundland also confirmed it would open the first of over 30 Republic…
Read More » -
17 January
Inflation drops for the first time in 6 months
The inflation rate saw a slight dip in December, falling to 3%, according to figures released by the Office of National Statistics (ONS). The level of inflation, according to Consumer Price Index (CPI), was less than November’s rate of 3.1%, which was at its highest for six years. The high…
Read More » -
16 January
Euromonitor: 2018 consumer spending boom expected
Consumer expenditure is expected to grow at its strongest rate since 2011 this year, according to a new report released today. Market research company Euromonitor International revealed its predictions for the future, as well as the top 10 global consumer trends for 2018. According to the report, ‘Top 10 Global…
Read More » -
16 January
Hackers and POS systems – how to stay safe
Targeting Point of Sale (POS) devices has become one of the more preferred approaches for attackers over the years as they seek to exploit any known vulnerability. The latest POS attack to make the headlines was of course the data breach suffered by major American retailers Forever 21 after malware…
Read More » -
16 January
Shop Direct posts 6.3% Christmas growth, appoints interim CEO
Shop Direct, which operates Very, Littlewoods and Very Exclusive brands, revealed its total group revenue increased by 6.3% during the seven weeks up to December 2017. The performance was driven by 16.8% growth in the Very brand, in what the group says is its “largest and fastest growing retail brand”.…
Read More » -
16 January
Greggs to open more stores following profitable 2017
Greggs is planning to open as many as 130 new stores across the country following a 7.4% total sales increase in 2017. Company-managed shops saw like-for-like sales increase by 3.7% over the year, and in Q4 sales were up by 3%. Greggs said the sales were driven by its “classic…
Read More »
