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 -8 May
Retail M&A grows by 15%
A study by law firm RPC shows retail mergers and acquisitions have grown by 15% over the past year. While the number of deals has risen, the value of those deals has dropped by 16% from the previous year’s total of £4.3bn, to £3.7bn. The value of those deals does…
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8 May
Amazon shareholders seek to dilute Bezos’ power
Amazon shareholders have submitted a shareholder resolution calling on the company to separate the role of CEO and chair of the board. The shareholders represented by SumOfUs, an international consumer group, want Amazon’s current billionaire CEO and founder Jeff Bezos to step down as chair of the board. Their request…
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4 May
1,000 jobs at risk after Calvetron enters administration
Over 1,000 jobs are on the line after fashion retailer Calvetron entered administration. The company behind Windsmoor and Jacques Vert was rescued last summer with a deal that resulted in the loss of over 700 jobs. The fashion retailer acquired a £12.5m loan from Secure Trust Bank to try and…
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4 May
Over 500 jobs threatened as Virgin Media closes call centre
Virgin Media is set to cull over 500 jobs at a Swansea call centre as part of a shake up at the company. The call centre currently employs 792 people, with some staff moving to the Manchester branch. The broadband and telecoms firm is planning to cut the number of…
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4 May
43,000 retailers in ‘financial distress’
Nearly 43,000 retailers ended the first quarter of the year in a state of ‘significant’ financial distress, according to research from insolvency firm Begbies Traynor. Its ‘Red Flag Alert’ research for Q1 2018, which monitors the financial health of UK companies, found the number of firms in the category was…
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4 May
Retail salaries rise as April sees vacancies increase
Advertised salaries in the retail sector saw a 1.7% increase last month, according to the latest data from job site CV-Library. Advertised jobs rose by 29% year-on-year, however application rates dropped by 13.1% when compared with data from April 2017. Pay rates in retail fell by 6% year-on-year. CV-Library suggests…
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3 May
Nisa members attempt to stop Co-op takeover
A group of 30 members of Nisa have hired a lawyer to help them try to halt the takeover by Co-op. The takeover is expected to go through following the court sanction after the Competition and Markets Authority (CMA) cleared the deal last week. The takeover was approved on the…
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3 May
Asda-Sainsbury’s merger: Committees pen letter fearing ‘dominance’
The Environment, Food and Rural Affairs (EFRA) and Department for Business, Energy and Industrial Strategy (BEIS) Committees have written a joint letter to the Competition and Markets Authority (CMA) regarding the proposed Asda and Sainsbury’s merger. The letter from Rachel Reeves, chair of the BEIS committee and Neil Parish, chair…
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3 May
Mike Ashley complains against chairman of 2016 select committee
Mike Ashley has filed a complaint against the former MP who led the parliamentary inquiry into the working conditions at his Shirebrook warehouse. The billionaire owner of Sports Direct has filed a complaint to the Parliamentary Commissioner for Standards about the conduct of the former MP for Hartlepool, Ian Wright,…
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3 May
Paper-reliant retailers risk losing staff to tech-savvy competitors
Almost nine in 10 employees admit they would prefer to work for a retailer that has embraced digital technology, research by mobile data capture service WorkMobile has found. The survey found that 89% of workers believe it would be more beneficial working for a retailer that invests in digital technology…
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