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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Apr- 2018 -27 April
Peter Pritchard takes up CEO position at Pets at Home
Peter Pritchard has stepped into his role as the new CEO of Pets at Home, with immediate effect. The retailer announced Pritchard’s promotion from his position of chief executive of retail in November 2017, taking over from Ian Kellett. He joined the retailer in 2011 as its commercial director and…
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27 April
Retail sales expected to be ‘a little healthier’ next month
Retail sales are expected to pick up in May, according to the Distributive Trades Survey by the Confederation of British Industry (CBI). The survey of 100 firms showed that, in the year to April, retail sales volumes were broadly unchanged. Sales were below average for the time of year for…
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26 April
Plastic packaging pact signed by 42 UK firms
Some 42 UK firms including all of the big five supermarkets (Asda, Sainsbury’s,Tesco, Morrisons and Lidl) have signed a pact to dramatically reduce single use plastics by 2025. The pact aims to make 100% of plastic packaging reusable as well as making sure 70% of plastic packaging is effectively recycled.…
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26 April
London cake shop launches ‘edible tampon’ macarons
A London cake shop, Ohlala, is selling tampon-shaped macarons in support of Bloody Good Period, a charity which supplies free sanitary products to those who cannot afford them. For every box of eight sold (priced at £24.50), Ohlala will donate £10, enough to supply a month of free sanitation products…
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26 April
Number of retail jobs falls in first quarter
The number of full time jobs in UK retail has fallen by 2.5% compared with the same time last year, data from the British Retail Consortium (BRC) shows. The number of hours worked was also down, with a 3.2% year-on-year decline. The trade body attributed this to the “structural change”…
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26 April
N Brown Group posts revenues of £922m
Fashion retail group N Brown’s latest financial results show group revenue reached £922m for the full year, up 3.9% from the previous year. For the 52 weeks to 3 March the group’s boost in revenue was driven by strong performances from its three key brands, with a 16.9% increase in…
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26 April
Bunnings reports ‘significant’ decline in sales
Bunning’s retail sales decreased by 13.5% to £211m for the third quarter of the 2018 financial year. The DIY retailer said the severe March weather significantly affected trading, particularly in the seasonal gardening and outdoor living categories. However, Michael Schneider, group managing director, said “satisfactory progress has been made…
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25 April
Boohoo sales double in full year results
Online fashion retailer Boohoo has revealed a £579.8m increase in sales, up 97% for the year ending on 28 February 2018. The online pure-play group saw strong growth across its three major brands. Boohoo’s revenue increased by £374.1m, up by 32%, and sister company Pretty Little Thing saw revenue increase…
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25 April
Kering revenue boosted by Gucci’s ‘spectacular growth’
Luxury goods group Kering has announced 36.5% revenue growth for the first quarter of 2018, driven by a 49% rise in revenues at Gucci. Thanks to “favourable market conditions” Kering reported that its group revenues for Q1 totalled £2.72bn. Kering attributed the growth to the group’s online sales which “more…
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25 April
Increase in retailers using secondary revenue to boost profits
More retailers are making use of secondary revenue to increase sales outside of core offerings, online marketing company Webloyalty’s ‘Beyond the Core II’ report suggests. According to the report, there has been an increase of retailers working with third parties on secondary revenue – up from 23% to 36% this…
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