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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Mar- 2019 -7 March
Quiz shares plunge following sales ‘shortfall’
Quiz, the omni‐channel fashion brand, has seen its shares plummet after it announced it will launch a “thorough review” of its business following a “significant shortfall” in sales. At the time of writing shares, in Quiz have fallen by 50% after it revealed in a trading update covering the 1…
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7 March
Year-on-year decline in number of retailers using Amazon
The use of third-party platforms such as Amazon, eBay and Google has dropped amongst the UK’s top 250 retailers, according to an industry report. The statistics were included within an annual retail performance index carried out by e-commerce and digital agency, Visualsoft, which found that just 36% of retailers utilise…
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7 March
Smartphone now dominant device for buying online
For the first time, shoppers spent more money through their smartphones when accessing UK retail sites than either of the other two major device types – desktop or tablet – according to quarterly data from the IMRG Capgemini e-Retail Sales Index. In Q4 2018/19 – which covers the festive period…
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7 March
Nine in 10 British people shop on Amazon
New research has revealed that almost nine in 10 British people are Amazon shoppers. According to the research by Mintel, more people have increased their shopping with the retailer than decreased it over the past year. Overall, 70% of Amazon customers shop with the retailer at least once a month,…
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6 March
Findel rejects Sports Direct’s takeover bid
Findel’s board of directors has unanimously rejected Sports Direct’s £139m bid it has, saying the offer “significantly undervalues” the company. The news comes after the company agreed to buy shares in Findel worth £9.7m, taking its stake in the Accrington-based business from 29.9% to 36.8%. Under takeover rules any investor…
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6 March
Holland and Barrett CEO exits
Holland and Barrett CEO Peter Aldis has stepped down after 10 years in the position, amid a leadership shake-up at the health and wellbeing retailer. According to the retailer, Aldis has had a “long and successful” career at Holland and Barrett, spanning over 29 years, during which, the company expanded…
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6 March
Ann Summers seduces former HoF and Game directors
Ann Summers has appointed Game’s chief marketing officer Natalie Amosu and House of Fraser’s former product and trading director Marian Collins, to newly created roles. Collins is expected to work with current managing director Vanessa Gold and chief executive Jacqueline Gold, while it is uncertain which department Amosu will work…
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6 March
Jack Wills hit by £7.5m loss
Fashion retailer Jack Wills suffered an EBITDA loss of £7.5m for the full year to 28 January 2018 compared with £6.3m profit in the previous year. The company’s turnover dropped by 1.1% for the year to £129.3m down from 2017’s figure of £130.8m. Jack Wills attributed this to a “challenging…
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5 March
Sports Direct offers £139m for Findel
Mike Ashley’s Sports Direct has announced it has made a £139m bid for home shopping company, Findel. In a statement to the London Stock Exchange this morning (5 March), Sports Direct said it intended to purchase the remaining shares in Findel for 161p per share, a 1p reduction on the…
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5 March
February retail growth hit by ‘Brexit uncertainty’
February retail growth was hit by “Brexit uncertainty” according to the BRC as on a total basis, sales increased by 0.5% in the month, a slowdown when compared with 1.6% in February 2018. This was found to be below both the three-month and 12-month averages of 0.9% and 1.2% respectively.…
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