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.
-
May- 2019 -17 May
Amazon invests in Deliveroo
Deliveroo has announced it has received $575m (£450m) in investment from online retailer, Amazon. The investment makes Amazon the largest investor in Deliveroo’s shared funding round, which the app hopes will allow it to invest heavily in expanding the company’s tech team at its UK Headquarters, expand further to reach…
Read More » -
17 May
Asda experiences sales dip after failed merger
Asda has seen its sales drop amid an “incredibly challenging backdrop” during which it also saw its Sainsbury’s merger plans with rival Sainsbury’s scuppered by the CMA. Asda said the decline, which ends its record of seven consecutive quarters of growth, arose due to the later timing of the busy…
Read More » -
17 May
Waitrose & Partners plans to ‘treble’ size of online operations
Waitrose and Partners has announced plans to treble the size of its online grocery operation to a £1bn business over the next three years, working in partnership with Today Development Partners (TDP) . According to the grocer, the move with TDP, which is headed by Jonathan Faiman and Mo Gawdat,…
Read More » -
16 May
Farfetch revenues jump 39% in Q1
Online fashion retailer Farfetch has reported a 39% increase in revenue for the first quarter of 2019 ending 31 March. Revenues increased by $48.4m (£3.7m year-over-year from $125.6m (97.8m) in first quarter 2018 to $174.1m (135.6m) in 2019. The increase was primarily driven by 43.2% growth in platform services revenue…
Read More » -
16 May
Yours Clothing sees 87% profit rise
Discount clothing retailer, Yours Clothing has announced it has seen its full year pre-tax profits for the year ending 3 February rocket by 87% up to £12.4m. Yours Clothing also said it saw year-on-year sales rise by 19%, with in store sales rising by 20% and online sales jumping up…
Read More » -
16 May
Morrisons boss hands back £600,000 in bonuses
The chief executive of Morrisons has waived over a third of his bonus despite the ‘Big Four’ Grocer reporting its third consecutive year of growth in both sales and profits. David Potts has given up £598,000 in bonuses of a potential maximum of £1.7m. The company’s annual report reveals that…
Read More » -
15 May
Physical entertainment market falls by 17%
The retail market for physical entertainment declined by 17.4% during the 12 weeks to 7 April, attributed to a decline in shopper numbers, fewer major gaming and music releases and store closures for HMV. The research by Kantar showed that physical stores grew their share of the gaming market for…
Read More » -
15 May
Walmart considering Asda IPO
‘Big Four’ grocer Asda could be listed on the stock market as its parent company Walmart mulls over its future after the CMA blocked the proposed merger with rival Sainsbury’s. According to the BBC Walmart chief executive Judith McKenna told staff at an event in Leeds yesterday that a public…
Read More » -
15 May
Moss Bros sales boosted by e-commerce during Q1
Moss Bros has reported a 1.5% increase in total sales for the 15 week period ending 11 May, in spite of a “tough trading environment”. The retailer’s overall trading performance continued to show an improvement on the prior year, with both full price retail store sales and e-commerce delivering positive…
Read More » -
15 May
Retailers rethink returns policies as ‘serial returners’ increase
Some 26% of retailers have seen an increase in the volume of goods being returned in the last two years, according to new findings. Research from Barclaycard revealed that 20% of retailers had taken measures to make their returns policy more stringent in the last year, with a further 19%…
Read More »
