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 -3 May
Poundland to sell Pep&Co brand in 500 stores
Discount retailer, Poundland has announced it is to sell its Pep&Co clothing range in 500 more stores, after announcing its introduction to 300 of its stores last year. The latest stores to stock Pep&Co, mean that all 850 of Poundland’s UK and Ireland stores will stock the clothing brand as…
Read More » -
3 May
Sports Direct facing probe from financial regulators
Sports Direct is facing scrutiny from two financial regulators over its accounts and information relating to a possible bid for Debenhams. According to The Times, the Financial Conduct Authority (FCA) is looking into the retailer regarding the disclosure of information in relation to its bid for the department store. Questions…
Read More » -
2 May
Anya Hindmarch to return as MD of handbag firm
Anya Hindmarch has announced she is to return as managing director of the handbag company which bears her name. The company’s founder stepped down from the role eight years ago after the business was bought by new owners, Hindmarch has remained on the company’s board as creative director, where she…
Read More » -
2 May
N Brown swings to £57.5m loss in 2018
Online retailer N Brown Group has reported losses before tax of £57.5m for the year ending 2 March 2019, up from the loss of £16.2m recorded the previous year. According to the group, the statutory loss before tax reflects “exceptional costs”, largely relating to legacy issues. Additionally, group revenue decreased…
Read More » -
2 May
Zalando starts 2019 with ‘strong and profitable growth’
Zalando has said it “successfully expanded its customer reach” as it saw revenues and profits jump for the first quarter of 2019. It revealed that revenues increased by 15.2% to £1.2bn and its adjusted EBITDA increase from £0.3m to £5.5m. Zalando attributed the rise to its active customers increasing by…
Read More » -
2 May
Increase in redeveloped units set to ‘reimagine’ retail
The number of units that were structurally changed or redeveloped (demolished, merged, split or converted for another use such as residential or logistics) increased by 32% in 2018 as landlords and place managers work to “reimagine requirements” for bricks-and-mortar retailing. A new report released by retail location insight business, Local…
Read More » -
1 May
Company insolvencies reach five-year high
New figures from the Insolvency Service show the first quarter of 2019 had the second highest underlying level of insolvencies in any quarter since Q1 2014. According to the figures, there were 4,187 total underlying company insolvencies in England and Wales in Q1 2019, a rise of 6.3% on the…
Read More » -
1 May
Next sees profits rise following ‘unusually warm’ weather
Next has announced a better than expected profit rise following “unusually warm weather” during the first quarter of 2019. The retailer reported a 4.5% rise on 2018’s figures for full-price sales in the quarter leading up to 27 April. The full-price sales rise falls ahead of the retailer’s initial target…
Read More » -
1 May
The Hut Group acquires natural haircare brand Christophe Robin
The Hut Group (THG), has acquired the luxury natural haircare brand Christophe Robin. Established in Paris in 1999 by its namesake, celebrity colourist Christophe Robin, the brand aims to “emphasise a women’s natural beauty” by maintaining scalp health, nourishing hair and protecting colour. THG said the brand sits within an…
Read More » -
1 May
Failed Asda merger costs Sainsbury’s £46m
Sainsbury’s has incurred costs of £46m over its failed merger with Asda, after the CMA blocked the deal over concerns that it would lead to “increased prices in stores, online and at many petrol stations across the UK”. According to the ‘Big Four’ grocer, the figure is principally comprised of…
Read More »
