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.
-
Apr- 2019 -17 April
Morrisons granted Supreme Court data breach appeal
Morrisons has been granted permission to appeal to the Supreme Court after it was found responsible for a data breach which affected more than 100,000 employees. The latest appeal follows the October 2018 decision by the Court of Appeal to uphold the original verdict of the High Court on vicarious…
Read More » -
17 April
Arket launches recycling scheme for ‘unwanted’ clothes and shoes
Fashion retailer Arket has announced a new recycling scheme for unwanted clothes and shoes, due to launch at the end of April at all of its stores. Customers will be able to bring “unwanted textiles” to any store, where the products will be taken care of and returned to the…
Read More » -
17 April
Shopping centre landlords offer free space to retailers
Revo, the organisation that represents the retail community, has launched a new competition to give budding retail entrepreneurs free space in shopping centres and help with marketing. The organisation driving retail placemaking across Britain and Ireland has launched a major new campaign to find the next generation of retail talent…
Read More » -
17 April
Over 100 Whitbread jobs face axe following Costa sale
Around 100 jobs are expected to be cut at the head office of Whitbread following the sale of Costa Coffee to Coca Cola for £3.9bn. According to reports by The Times, a consultation involving around 10% of the company’s head office staff was expected to be concluded this month, however…
Read More » -
16 April
Card Factory profits fall as footfall hits LFL sales
Card Factory has reported in its latest full-year results that profit before tax fell by 8.3% to £66.6m as its like-for-like sales stagnated with a 0.1% decrease. The company attributed the fall in sales to a decrease in footfall across its 972 stores and a “tough consumer environment”. However its…
Read More » -
16 April
Aquascutum halves HQ workforce
Coat retailer Aquascutum has axed half of its headquarters-based workforce as part of a review of the retailer’s operations. More than 30 jobs have been axed by the retailer according to reports by Drapers, with most of the affected roles said to have been made redundant, while other staff members…
Read More » -
16 April
Monsoon Accessorize set to close ‘dozens’ of stores
Women’s clothing and accessories retailer Monsoon Accessorize is reportedly preparing to enter a CVA which could see it close dozens of its stores. According to Sky News, the company has appointed Deloitte to draw up a CVA to be launched within the next few weeks. The agreement will allow the…
Read More » -
16 April
JD Sports reports ‘record’ 15.4% profits jump
Sportswear retailer JD Sports has reported a 15.4% increase in pre-tax profits to £339.9m for the year ending 2 February 2019. Total like-for-like sales grew by 6% for global Sports Fashion fascias, against a backdrop of “widely reported retail challenges” in the group’s core UK market. The retailer also recorded…
Read More » -
15 April
Harvey’s scolded over delivery claims
Furniture retailer, Harvey’s has been reprimanded by the Advertising Standards Authority (ASA) over claims of “guaranteed Christmas delivery”. A complainant questioned whether the claims, which were followed by the words “selected items only” in smaller text, were “misleading” and could be substantiated. In response to the claims Harvey’s said it…
Read More » -
15 April
Mike Ashley warned over plans for retail ‘oligopoly’
Former Marks and Spencer boss Lord Stuart Rose has warned Mike Ashley over plans for a retail ‘oligopoly’, following his attempted acquisition of embattled department store chain Debenhams. According to a report by Aol.com, Rose said he would “think twice about building an empire of high street chains”, and he…
Read More »
