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 -1 March
Carpetright shares dive following profit warning
Shares in Carpetright have dropped by more than a quarter following a refreshing profit warning. The group announced that trading conditions in the weeks since 19 January have ‘remained difficult’. Shares fell by 24% in early trading, having fallen by over 60% over the past 12 months. Like-for-like sales have…
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1 March
UK shoppers put off by irrelevant retail offers
According to consumer research conducted by point of sale marketing firm Ecrebo, more than four in 10 (44%) UK shoppers shy away from brands that don’t offer them personalised, relevant offers. The aim of the research was to gauge consumer attitudes toward retail loyalty schemes, the benefits they offer and…
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1 March
Burberry appoints Riccardo Tisci as chief creative officer
Burberry has announced that Riccardo Tisci has been appointed chief creative officer, replacing longtime creative chief Christopher Bailey effective 12 March 2018. Tisci, who is a graduate of Central Saint Martins in London, will direct all of the fashion retailers collections and will present his first for the brand in…
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1 March
Poor washroom odour could damage business reputation
A study released by Initial Washroom Hygiene examined the state of air care in public and office washrooms, and the wide-ranging implications this can have on businesses. The global report (based on 5,000 respondents – 1,000 across the UK, Australia, France, Italy, Malaysia), titled ‘Washroom malodour: Experiences, perceptions and implications…
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1 March
Shoppers shun high street for online as January sees strongest growth since 2013
Online retail delivery order volumes were up 20.6% year-on-year in January, according to the latest data from the IMRG MetaPack UK Delivery Index. This was the strongest January growth for online order volumes since 2013. During the same period, footfall fell to its lowest January rate in five years –…
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Feb- 2018 -28 February
Maplin and Toys R Us go into administration
Toys R Us and Maplin have both entered administration today, as last minute attempts to save the retailers collapsed. Toys R Us was facing a £15m VAT bill, however poor sales has meant it was unable to pay the debt. All of toy retailer’s 106 stores will continue to trade…
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28 February
Pressures on shop prices ease
February shop price deflation deepened to 0.8% in February 2018 compared 0.5% with the previous month. According the British Retail Consortium deflation in non-food prices deepened in February, with prices decreasing at a rate of 2.2% compared to January when prices declined by 1.9%. This was the deepest deflation since…
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28 February
Tesco, Asda and Next accused of using harmful factories
British retailers Next, Asda and Tesco are among the companies that continue to source some of their materials from dirty and dangerous factories, according to the Changing Markets Foundation. In the Dirty Fashion revisited report, published by the foundation that exposes irresponsible corporate practices, it says that two viscose factories…
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28 February
Maplin and Toys R Us set to go bust today
Maplin and Toys R Us are reportedly facing collapse today (28 February) after failing to secure buyers. Maplin employs 2,500 staff across its 200 stores in the UK, while Toys R Us employs 3000 staff in its 106 stores. The American owner of Toys R Us filed for bankruptcy last…
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28 February
48% of retail job candidates lie on their CV
Nearly half of retail job candidates lie on their CV, according to a recent survey. New research from job site Adzuna.co.uk found that 56% would even be prepared to tell a ‘big lie’ in order to gain their dream job. 78% of people also revealed that their lie was never…
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