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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May- 2019 -9 May
The Works click and collect service leads to sales and revenue growth
Book retailer, The Works has announced it has had a “successful year” following the introduction of a click and collect service which has seen like-for-like sales and revenue rise. Revenue at The Works for the 52 weeks to 28 April rose by 13.2% year on year, while like-for-like sales saw…
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9 May
Morrisons sales fall short of expectations in Q1
‘Big Four’ grocer Morrisons has seen a slowdown in sales growth for the 13 weeks to 5 May, with retail sales contributing only 0.2% to the total increase in group like-for-like (LFL) sales of 2.3%. The figure is lower than the 3.6% increase seen during the same quarter last year,…
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9 May
Third of consumers feel ‘unvalued’ by retailers after purchasing
Over a third (34%) of consumers feel retailers don’t care about them after they’ve made a payment, a new report by Valitor has found. The report from the international payment solutions company, found that retailers are “failing customers” when it comes to the after payment experience. This is because shoppers…
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9 May
Superdry issues profit warning as trading ‘continues to be weak’
Superdry has said its “trading performance continues to be weak” as the clothing retailer issued another profit warning in its trading update for the 13-week period to 27 April 2019. Its wholesale and e-commerce revenues performed the worst in Q4 with declines of 9.3% and 3.9% respectively. Year-on-year wholesale revenue…
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8 May
Wee Carpet Shoppe ad goes viral
A homemade advert starring a four-year-old girl promoting her grandad’s carpet store, the Wee Carpet Shoppe in Fife, Scotland, has gone viral online. The video gained almost 35,000 views on Facebook in a few short days, and was created without the shop owner John Tallack’s knowledge. The advert, directed by…
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8 May
Lidl scolded by ASA after Morrisons complains
Lidl has been scolded by the ASA after Morrisons complained about a price comparison advert which it claimed was not based on the prices available when the ad appeared, leading Morrisons to ask whether the advert was “misleading”. Text in the advert itself stated “£11.50 at Morrisons” and “£9.77 (total)…
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8 May
Select set to fall into administration
Struggling fashion retailer Select is set to enter administration within the next 48 hours putting potentially 2,000 jobs at risk . Select, which has around 180 stores across the UK, has appointed the advisory firm Quantuma to oversee the administration. Quantuma partner Andrew Andronikou told The Guardian: “The company will…
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8 May
Retail sales ‘below expectation’ in April
Retail sales fell below expectations in April, despite a total sales increase of 4.1% against the decrease of 3.1% the previous year, according to the latest BRC-KPMG Retail Sales Monitor. This was due to figures being “distorted” by the timing of the run-up to Easter, which was in April this…
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8 May
Bonmarche rejects Philip Day takeover bid
The directors of fashion chain Bonmarche have asked its shareholders to “unanimously” reject a takeover bid by Spectre Holdings – an entity owned by retail entrepreneur Philip Day – as they feel the offer “materially undervalues” the retailer and its prospects. On 2 April, Spectre Holdings announced it had unconditionally…
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7 May
Burberry to scrap new Leeds factory
Fashion label, Burberry has announced it is to scrap its plans for a major factory in Leeds as it looks to sell the land it was set to be built on. The brand will sell 10 acres of land located next to the Grade I listed Temple Works building, after…
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