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.
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Jul- 2019 -8 July
Asda to stop offering plastic bags with online grocery shopping
Asda is to stop providing single-use plastic carrier bags with its online grocery orders, in a move that will remove around 85 million plastic bags from production each year. Following a successful trial period in south west England and from its Dartford Home Shopping Centre, Asda will remove the option…
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8 July
Select owed creditors £53m after entering administration
Fashion retailer Select “owed creditors £53.1m” to landlords and the Her Majesty’s Revenue and Customs (HMRC) following the company’s administration in May. The retailer filed for administration in May, after it made a loss of £15.5m on sales of £117m in the 18 months to 2 December, according to accounts…
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8 July
Retail staff prefer learning new skills to pay rise, study finds
New research from CV-Library, reveals that four in 10 retail professionals (40%) say learning new skills is their main career priority right now, beating both a pay rise and a promotion. The research, which surveyed 2,000 UK professionals, found that retail professionals also want to move companies, get a new…
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8 July
Asos prepares to cut 100 head office roles as sales slow
Online retailer Asos is preparing to make around 100 of its head office staff redundant with a source saying the company’s marketing department is under threat. According to the Sunday Times, this is due to a slowdown in sales and a “botched” attempt to open a warehouse in America. In…
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5 July
Zalando announces plans to build fulfillment center
Zalando has announced it is to build a new £180m fulfillment center in an existing business park near Rotterdam to help cater for its western European customers. The expansion of its logistics network forms part of Zalando’s 2023/24 growth target and aims to expands its customer proposition for customers in…
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5 July
Retail sales slump in June
Like-for-like in-store sales fell by -0.8% in June according to the High Street Sales Tracker (HSST), published today by accountancy and business advisory firm BDO. The firm said the poor performance came from a weak benchmark of -1.7% for the same period last year and is a further blow to…
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5 July
Sloane Street to undergo £40m redevelopment
Cadogan Estates, has announced plans to oversee a £40m redevelopment of Sloane Street, following the recent transformation of Pavilion Road which runs parallel. London Architects John McAslan + Partners, whose recent work includes the transformation of King’s Cross Station, has been appointed to lead the redevelopment. The programme also includes…
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5 July
Amazon’s Deliveroo deal could face CMA investigation
The Competition and Markets Authority (CMA) has put Amazon’s Deliveroo deal on hold as the regulator said it believed it could “result in Amazon and Deliveroo ceasing to be distinct”. In May, Amazon led a $575m (£450m) investment round in the food delivery app raising a $1.53bn (£1.2bn) total. The…
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4 July
Monsoon creditors agree to CVA
Monsoon Accessorize creditors have given the green light on the retailer’s CVA plans which will see over half of its stores receive rent reductions. The reductions, which were proposed last month, will see cuts to rents of between 25%- 65% across 135 out of its 258 stores after the retailer…
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4 July
The Works FY19 revenues jump 13.2%
Stationery retailer The Works has reported a 13.2% increase in revenues in its preliminary results for the 52 weeks ended 28 April 2019. The retailer posted positive like-for-like growth of 3% during the period, driven by growth both in stores and online, and adjusted EBITDA increased by 4.2% to £13.8m.…
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