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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Jun- 2019 -18 June
Boohoo launches first recycled collection
Online clothing retailer Boohoo has launched its first dedicated recycled fashion range. Made using recycled polyester, the fabric is created from plastic that has been directed away from landfill and repurposed to produce new yarn. Boohoo said the aim of the collection “was to not to compromise on style”, and…
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18 June
Former BHS owner in court over tax evasion allegations
Former BHS owner Dominic Chappell is to appear in court today (18 June) on accusations of tax evasion in relation to a finance company at which he was the director. Chappell is due to appear at the City of London Magistrates Court, facing three charges of cheating the public revenue…
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18 June
Gov rejects MPs’ sustainable fashion recommendations
The government has rejected all the recommendations made by the Environmental Audit Committee (ECA) in February with the aim to “end the era of throwaway fashion”. The MPs published its report called Fixing Fashion Report: Clothing Consumption and Sustainability following the end of its sustainability of the fashion industry inquiry.…
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17 June
Superdrug profits slide in 2018 amid ‘challenging times’
Health and beauty retailer Superdrug has reported pre-tax profit of £88.3m for the year ending 29 December 2018, down from £92.9m in 2017. However, the retailer reported “solid performance” during the year despite this, with an increased market share to 9.8% (from 9.2% in 2017) and increased total revenue by…
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17 June
US landlords file legal challenge against Arcadia CVA
A group of US landlords have filed a legal challenge against Philip Green’s Arcadia in light of the company voluntary agreements (CVAs) that were agreed last week, which will see its US subsidiary enter administration. According to The Sunday Times the group of property investment companies, led by Vornado, accuse…
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17 June
Jigsaw appoints new board members
Retail brand Jigsaw, has appointed four new members to its board, after £20m investment saved the company last year. Despina Don-Wauchope, a former head of finance at property group Land Securities, has been appointed as the company’s new finance director. Richard Walker, a non executive director at car dealership chain…
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17 June
20,000 shops gone from high street since 2010
Since 2010 more than 20,000 shops have “disappeared” from high streets and the communities that they once served, according to the real estate advisor, Altus Group. Analysis of official government data by Altus Group revealed that between 2010 and 2019, 20,143 shops in England and Wales – liable for business…
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14 June
Lululemon sees Q1 sales surge 20%
Athleisure brand Lululemon has posted a 20% increase in Q1 net revenues to $782.3m (£617m). For the period ending 5 May 2019 the company revealed comparable store sales increased 6%, while direct to consumer net revenue increased 33%. Direct to consumer net revenue represented 26.8% of its total net revenue…
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14 June
Asos brings models to customers’ homes with new Virtual Catwalk
Online fashion retailer Asos has today (14 June) announced the launch of ‘Virtual Catwalk’, its first augmented reality (AR) experience. Available now through the Asos app on iOS 11.3 devices and above globally, the Virtual Catwalk test will run on 100 new-in Asos Design products. Simply by pointing their smartphone…
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14 June
Iceland earnings down 8.7% following ‘disappointing’ first half
Frozen food supermarket Iceland has reported an 8.7% drop in adjusted EBITDA to £140.1m, down £13.4m, for the year ending 29 March 2019. The group said the reduction occurred entirely in the first half of the year and reflected sales performance, increased staffing costs as a result of the rise…
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