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.
-
Jan- 2020 -3 January
More than a quarter of retail staff look for new job in January
New research has found that nearly 30% of employees in retail customer service roles are most likely to look for a new job in January, due to a “seasonal slump” in engagement and motivation. The survey by quality assurance improvement platform, EvaluAgent, found that 38% of retail customer service staff…
Read More » -
3 January
UK music sales hit 14-year high
2019 marked the fifth consecutive year of growth in the consumption of recorded music in the UK, according to figures released by the British Phonographic Industry (BPI). The equivalent of 154 million albums were either streamed, purchased on physical formats or downloaded – up by 7.5% in volume on the…
Read More » -
3 January
Arcadia Group confirms Westfield Stratford Topshop closure
Arcadia group has confirmed its Topshop and Topman sites at London Westfield Stratford City will close, Drapers reports. The two-storey shop, which opened in September 201, is closing as its lease comes to an end. The closure is not part of the companies seven CVAs which were passed in June.…
Read More » -
3 January
Next hikes profit forecast after Christmas sales boost
Next has announced a lift to its full-year profit guidance after strong trading over the festive period. Full price sales rose by 5.2% year-on-year for the period October 27 to December 28, 1.1% more than estimated by the retail giant. Following this result, the retailer’s profit guidance for the full…
Read More » -
2 January
Boxing Day footfall falls to lowest level since 2010
Retail footfall decreased by 10.6% on Boxing Day in 2019, and marks the largest decrease in footfall since 2010. The research from Springboard found the decline to be larger than the last two years combined for the period. In 2018 footfall was 4.2% lower than in 2017 and in 2017…
Read More » -
2 January
Brighthouse reports £16m loss
Brighthouse has reported a £16m loss in its financial quarter to 28 September 2019. The rent-to-own retailer made a loss of £16m for its second quarter compared with £11m for the same period in 2018. EBITDA loss for the quarter was £3.2m compared with £1m last year. During the period,…
Read More » -
2 January
Co-Operative Food expands through online delivery service
The Co-Operative Group has revealed plans for a “major” online expansion. The company announced its plans to offer same-day delivery service across more than 100 UK cities, expanding its same-day online city-centre deliveries to 650 participating stores. The rollout will also include services from the group’s online shop, which uses…
Read More » -
Dec- 2019 -20 December
The White Company profits jump 26% in FY results
The White Company has reported a 26% increase in profits to £14.4m for in its full year results to 3 August 2019. The group also reported a 21% increase to £13.6m for its published group operating profit for the 70 week period, compared with £11.2m last year. Group turnover increased…
Read More » -
20 December
Westfield named best shopping centre in the UK
Westfield London and Westfield Stratford has been named the best shopping centres in the UK, for the second year running. According to GlobalData’s Top 50 Shopping Centres Report for 2019, Bluewater in Greenhithe, Kent was ranked in third place, followed by Intu Trafford Centre in Manchester. Intu Lakeside, Sheffield’s Meadowhall…
Read More » -
20 December
Fiona Firth appointed managing director of Net-a-Porter menswear
Fiona Firth has been appointed as managing director of Mr Porter, the menswear arm of online fashion retailer Net-a-Porter. Firth was buying director of the division since April 2016, where she delivered “exceptional campaigns that have redefined the luxury menswear e-commerce experience”. During her tenure, she has helped launch exclusive…
Read More »
