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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May- 2018 -31 May
Intu Chapelfield shopping centre gives shoppers space-hoppers
Intu Chapelfield in Norwich is trialing the use of space-hoppers for visitors this week as it hopes to encourage more footfall. The ‘Happy S-hopping’ initiative aims to appeal to shoppers’ childish side, with research by Intu showing that 63% of adults still get the same thrill from playing childhood games…
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31 May
40% of independent Amazon shareholders oppose Bezos ‘being his own boss’
Over a quarter of Amazon shareholders have voted in favour of a resolution filed by SumOfUs calling on the company to separate Jeff Bezos joint roles of CEO and chair of the board. At an annual general meeting shareholders argued that “Bezos shouldn’t be his own boss”. Due to the…
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30 May
B&M profits buck high street blues, jump 20%
Discount retailer B&M has seen pre tax profit rise by 25.4% to to £229.3m along with group revenues rising to 22.4% for the year ending 31 March. The group opened 47 new stores last year and plans to open a further 45 this year as it continues to grow. The…
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30 May
Average online order value rises for 14th consecutive month
The average order value for online purchases has increased for 14 months in a row, according to new data. Figures from the IMRG MetaPack UK Delivery Index showed UK shoppers fuelled most of the increase, with the value for each month increasing compared with the same month the previous year.…
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30 May
Women paid ‘significantly’ less in ecommerce roles, research reveals
Men in the ecommerce industry are earning 26% more than women, according to new research. The findings from ecommerce and digital recruitment agency, Cranberry Panda, has revealed that the average salary for men per annum sits at £60,606, while women earn an average of £46,564. A survey was conducted with…
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30 May
Grocery market buoyed by hot weather and the royal wedding
The latest grocery market share figures from Kantar Worldpanel for the 12 weeks to 20 May found the hot weather combined with events such as the royal wedding sparked strong market growth – up 2.7% on last year. Most notably grocery sales totalled £415m on Friday 18 May in the…
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29 May
WH Smith bottom of the pile in Which? survey
WH Smith has been named the UK’s worst-rated retailer by consumers with a 58% consumer satisfaction rate in a new survey of 10,356 people. The survey by consumer group Which? saw responses from customers who found the store “very expensive” and said that it needs “updating”. WH Smith customer responses…
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29 May
Number of department stores ‘falls 25%’ in less than a decade
The number of large department stores in England has fallen by 25% in less than a decade according to new research by secured lending platform Lendy. It said department stores have been more sharply affected than the rest of the high street by online shopping, as the unusually heavy debt…
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29 May
Westend Retail Park in Dublin sold for €147.7m
Irish property management group Green Reit has sold the Westend Retail Park in Blanchardstown, Dublin, to a DWS real estate fund for €147.7m (£128.9m).The sale amount is in line with the most recent valuation of the property, which was €147.1m (£128.4) in December 2017. The retail park comprises 230,742 sq…
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29 May
Carphone Warehouse to close 92 stores this year
Carphone Warehouse CEO Alex Baldock has announced that the company will close 92 stores by the end of the year. In a trading update that also focuses on the electrical and mobile phone retailer’s 2018/19 outlook Baldock said the company is taking “early action” as a result of a warning…
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