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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Jul- 2019 -26 July
Sports Direct delay results for second time
Sports Direct has again delayed the release of its latest financial results and has asked investors for more time, insisting they may still be released by the end of the day (Friday 26 July). The results were expected to have been announced at 7am ahead of the market opening, less…
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26 July
Superdry appoints two new board members
Superdry has appointed two new members to its board, with Georgina Harvey and Faisal Galaria taking on the roles from 29 July. Harvey is an experienced non-executive director, who is senior independent director and chair of the remuneration committee of McColls Retail Group. She will also chair the remuneration committee…
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25 July
Retail employment falls 2.3%, 14th consecutive quarter of decline
Retail employment has fallen by 2.3% during the three-month period ending 30 June, marking the 14th consecutive month of decline. According to the figures from the BRC, the decline is equivalent to around 72,000 more jobs lost than compared to the same period last year. Full-time employment also saw a…
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25 July
Tesco removes plastic carrier bags from online deliveries
Tesco will stop using carrier bags to deliver groceries from its online business as part of its work to use less plastic. The move will mean that 250 million fewer carrier bags will be delivered to customers’ homes each year and nearly two thousand tonnes of plastic will come out…
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25 July
CMA launches probe of JD Sports’ acquisition of Footasylum
The Competition and Markets Authority (CMA) has begun its inquiry into JD Sports’ acquisition of footwear retailer, Footasylum. Phase 1 of the inquiry, will look to determine if the takeover could result in “a substantial lessening of competition in any market”. The CMA also said it has “reasonable grounds” for…
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24 July
M&S announces latest store closure
Marks and Spencer has revealed its latest store set to close under its restructuring plan. As part of its plan to axe 85 full-line stores and 25 of its Simply Food outlets as it targets a return to profitable growth, the food and homeware retailer announced its Dorchester store, located…
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24 July
Wyevale to sell sale six more centres to Blue Diamond
Wyevale Garden Centres (WGC) has announced the sale of six centres to Blue Diamond, following the sale of nine centres to the operator in July and August 2018. Blue Diamond owns 36 centres, includes the sites at Blooms Worcester, Canterbury Chartham, Hereford, Lower Morden, Rake and Tunbridge Wells. All sites…
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24 July
Card Factory appoints former Tesco boss as CCO
Card Factory has announced the appointment of Adam Dury as chief commercial officer, effective 26 August 2019. According to the retailer, Dury has “extensive” experience in the retail industry having worked for Tesco for 14 years in a number of roles including most recently, category director of home, seasonal and…
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24 July
B&M revenues surge during first quarter
Discount retailer B&M has posted a revenue growth of 13.8 in Q1. Revenue relating to the period from 31 March 2019 to 29 June 2019 was £738.9m, compared with £649.2m for the same period last year. Group revenue, which includes brands Heron Foods, Jawoll and Babou increased by 21.4% to…
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23 July
Grocery spend falls despite the start of summer weather
Total grocery sales fell by -0.5% in the last four weeks, despite the start of warm summer weather at the end of last month and sporting events in the UK. Shoppers also spent less per visit compared with the same period last year, according to the data released by Nielsen.…
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