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- 2019 -30 May
Microsoft’s flagship store to open on 11 July
International technology and software company Microsoft is set to open its first physical retail store in Oxford Circus, London on 11 July. As well as getting access to new products, the store will feature an answer desk, offering a dedicated area for customers to get tech support, training, repairs and…
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30 May
Shop price inflation pushed up by non-food price rises
Shop price inflation increased by 0.8% year-on-year in May, with non-food inflation also increasing by 0.2%, according to the latest figures from the BRC and Nielsen. The BRC said the growth in May was the second highest inflation rate seen in the last six years, though it remains “well below”…
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30 May
N Brown hires first chief brand officer from Missguided
Jacamo owner, N Brown has announced it has appointed Kenyatte Nelson from Missguided as its first ever chief brand officer. At Missguided, Nelson is currently chief customer officer and before that spent three years as group marketing director at Shop Direct. Nelson will begin his new role with N Brown…
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30 May
Tapestry hires new COO from VF Corporation
Tapestry, the New York-based parent company of fashion brands such as Kate Spade, Stuart Weitzman and Coach, has appointed Thomas A. Glaser as its new COO effective July 15, 2019. Glaser will have responsibility across the end-to-end supply chain and the information technology backbone for Tapestry and its brands with…
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29 May
UPDATE: Reiss owner denies reports of potential sale
The owner of fashion retailer Reiss has called reports of a potential sale of its majority stake in the business as “categorically untrue”. According to The Telegraph Warburg Pincus was considering the appointment of bankers to administer the sale with a formal process expected to start before the summer. However…
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29 May
Boots could close up to 200 stores
Boots owner Walgreen Boots Alliance (WBA) have plans to close up to 200 underperforming stores, according to Sky News. The health and beauty retailer which employs more than around 56,000 people, saw profits fall by more than 18% last year. The potential closures would see just under 10% of Boots’…
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29 May
Reiss owner mulls sale of majority stake
The US private equity firm Warburg Pincus is reportedly mulling over the sale of its majority state in upmarket fashion retailer Reiss. According to The Telegraph Warburg Pincus is considering the appointment of bankers to administer the sale with a formal process expected to start before the summer. Warburg Pincus…
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29 May
WHSmith ranked worst retailer in Which? Survey
WHSmith has finished bottom of Which?’s annual UK high street shops survey rankings of more than 100 shops, while specialist retailers came out on top. The annual survey of more than 7,700 Which? members looked at the bricks-and-mortar shops offering the best in-store experiences. WHSmith finished with a customer score…
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29 May
MacKenzie Bezos to donate half of her $37bn fortune to charity
MacKenzie Bezos has announced she will donate half of her nearly $37bn (£29bn) fortune to charitable causes. It comes after the announcement of her divorce with Amazon founder Jeff Bezos in February of this year, after a 25-year marriage. In April Jeff agreed to an eye-watering divorce settlement of around…
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28 May
Monsoon founder to inject £34m into business to avoid collapse
The founder of women’s clothing and accessories chain Monsoon has pledged to provide up to £34m in funding for the company to avoid its collapse. Peter Simon is reportedly seeking rent reductions for roughly two thirds of its 271 outlets in a bid to keep stores open and improve the…
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