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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Mar- 2018 -8 March
Mother’s Day spending to reach £600m
Brits are set to spend £600 million on Mother’s Day this year, an increase of 3.4% from 2017, according to new research. Mintel research found that extra spending could be attributed to advertising making most mothers pressured to be perfect. Three-quarters (73%) of mothers agree that adverts make parenting look…
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7 March
Business in the Community launches ‘healthier workplace’ toolkit
Business in the Community (BITC), in association with Public Health England (PHE), has launched a new physical activity, healthy eating and healthier weight toolkit for employers. According to BITC one in four women and one in five men in England are defined as inactive, doing less than 30 minutes of…
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7 March
New Look announces CVA proposal, 980 staff at risk
Clothing chain New Look has announced company voluntary agreement (CVA) proposal that will look to close up to 60 stores, reduce rental costs and potentially make up to 980 staff members redundant. Under the proposal, the fashion retailer has identified 60 out of its total 593 stores in the UK…
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7 March
2018 Groceries Code Adjudicator annual sector survey opens
The Groceries Code Adjudicator (GCA) Christine Tacon has launched her fifth annual survey of the groceries sector. The annual survey allows the GCA to collect a comprehensive set of views on current code-related issues facing suppliers. The GCA is seeking experiences and views from suppliers and others in the sector…
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7 March
John Lewis named as ‘best retailer to work for’
Department store chain John Lewis has been named as best UK retailer to work for, according to a list released today by job website Indeed. In the list of best places to work in the private sector, it topped the list based on 1,066 reviews. Cosmetics retailer Lush came second,…
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7 March
Shop Direct appoints Henry Birch as new CEO
Shop Direct, which operates digital department stores Very.co.uk, Littlewoods.com and VeryExclusive.co.uk, has appointed Henry Birch as its CEO. Birch will join Shop Direct later this year as he is currently chief executive officer of the FTSE 250-listed Rank Group, which owns and operates Grosvenor Casinos and Mecca Bingo alongside several…
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7 March
Debenhams to rent flagship store space to hot-deskers
Debenhams is reportedly looking for a way to make use of its flagship store’s excess space by renting it to a working space company. The retailer is said to be in the early stage talks with hot-desking firm WeWork. The news comes after Debenhams chief executive Sergio Bucher announced plans…
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6 March
Consumer spending on ‘non-essentials’ increases
According to Barclaycard February 2018 saw increased sales of non-essentials, as consumers continued to prioritise their spending on the ‘experience economy’. Data from the group also revealed supermarket spending (3.2%) returned to levels previously seen over the past six months, after a spike of 4.4% in January 2018. Entertainment performed…
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6 March
Jigsaw CEO Peter Ruis departs with immediate effect
Jigsaw CEO Peter Ruis has quit his role at the fashion retailer with immediate effect, after four years at the helm of the business. He will be replaced by Jigsaw’s chairman Charles Atterton who the company said “will return to an executive role” having previously been joint CEO with Jigsaw’s…
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6 March
Morrisons and Tesco fastest growing, Co-op returns to growth
The latest grocery market share figures from Kantar Worldpanel, published today for the 12 weeks to 25 February 2018, show that grocery sales have increased in value by 3.2% compared to the same time last year. This marks the 12th consecutive 12-week period in a row that total market sales…
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