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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May- 2023 -26 May
April retail sales rise by 0.5%
The Office for National Statistics has revealed that retail sales volumes rose by an estimated 0.5% in April, following a fall of 1.2% in March. This comes as sales volumes rose by 0.8% in the three months to April when compared with the previous three months – the highest rate…
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25 May
Amazon workers in Coventry stage two more strike days
GMB Union members at an Amazon fulfilment centre in Coventry staged a strike yesterday (24 May) with another planned for tomorrow (Friday 26 May). This takes the total number of days on the picket line to 16 for the union members, who are still aiming for £15 per hour, according…
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25 May
Westminster calls for landlords to end Oxford Street candy shop leases
Westminster City Council is taking its campaign against US-style candy and souvenir stores further by appealing directly to freeholders and long leaseholders to oust any tawdry tenants from their buildings. Leader of Westminster City Council, Cllr Adam Hug, has written to 19 major property groups, whose properties house 26 US…
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25 May
Jeroboams to open tenth location
Jeroboams, London’s local wine merchant, has signed to open a new store at 336 King’s Road, marking its tenth location as the brand continues to deliver on its “ambitious growth plans”. Jeroboams will open a 1,298 sq ft unit on the north side of the King’s Road, offering a range…
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25 May
A&F sales hit $836m in Q1
Abercrombie and Fitch has reported a 3% increase in net sales to $836m (£675m) for the first quarter of 2023. The retailer’s signature brand, Abercrombie, reported $436m (£352m) in net sales while Hollister reported $399m (£322m). Gross profit for the retailer was $509m (£411m), compared to $449m (£362m) for the…
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25 May
Crew Clothing CEO ousted by group’s owner
Crew Clothing’s CEO has reportedly been ousted by the group’s owner, This is Money has reported, with other senior executives reportedly departing behind him. Sources familiar with the matter said Brigadier Acquisition Company made the decision to oust David Butler earlier this month. His departure is understood to have been…
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25 May
Pets at Home profits fall despite increased revenues
Pets at Home has announced that its profit before tax has dropped 17.7% to £122.5m for the year ended 30 March 2023. The company stated that this was down to the gain on the sale of its Specialist Group in FY22 and the costs of bringing its new DC onstream…
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25 May
Card Factory launches first click and collect service
Card Factory has launched its first UK-wide click and collect service, following the success of a trial period across 87 stores. The new service is available via its website, app and at over 1,000 stores excluding Jersey or the Republic of Ireland. Customers can choose from a range of gifts,…
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25 May
Urban Outfitters owner sees sales hit £900m in Q1
URBN, parent company of Urban Outfitters, Anthropologie and Free People, has seen net sales rise 5.9% to a record $1.11bn (£900m) for the three months ended 30 April. Over the period, the group also reported a net income of $53m (£42.8m) and record earnings share of $0.56 (£0.45). Total retail…
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24 May
Sainsbury’s to sell 100% MSC certified tuna at lower price
Sainsbury’s has become the first big four supermarket to sell 100% MSC (Marine Stewardship Council) certified canned tuna, in a bid to strengthen its commitment to sustainable fish sourcing. The grocer is already leading the way in responsible fish sourcing and is committed to 100% of seafood sales being independently…
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