News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Nov- 2018 -21 November
Crickhowell High Street crowned ‘UK’s best’ in Great British High Street Awards
Crickhowell High Street has been crowned the overall winner of the government-run Great British High Street Awards 2018. The Welsh high street was commended for its community-led initiatives and strong network of independent businesses and was awarded £15,000 for the local community. The result reflects strong public support on social…
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21 November
M&S ‘fancy little knickers’ display branded ‘sexist’ and ‘vomit inducing’
A Nottingham Marks & Spencer window display which said women’s “fancy little knickers” were a “must have” and was placed next to a display which suggested men’s “must have outfits to impress”, has been branded “sexist” and “vomit inducing” by campaigners. The window display was later altered by campaigners to…
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21 November
London Designer Outlet launches store-to-door delivery service
London Designer Outlet (LDO) at Wembley Park has become the first UK shopping centre to offer Dropit, the app-based, store-to-door delivery service. All purchases bought at any of LDO’s 50 outlet stores can be delivered in one drop to customers’ homes, hotels or workplaces at a time and date of…
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21 November
87% of Black Friday prices ‘aren’t the cheapest of the year’, says Which?
A year-long investigation by consumers association Which? has found that Black Friday prices “aren’t the cheapest of the year”, and said shoppers could get a better bargain if they’re willing to wait. The group tracked product prices for 12 months, and found that 87% were the same price or cheaper…
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21 November
UK shoppers may spend £234 on average this Black Friday, says PwC
UK consumers are preparing to spend an average of £234 at the tills and online during this year’s Black Friday and Cyber Monday shopping periods, PwC’s latest survey reveals. The £234 average projected spend for 2018 is exactly the same as 2017, suggesting demand has flattened out. Half of UK…
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20 November
UK sales predicted to grow 4% in December
New research predicts that December’s retail sales will reach £47.7bn, growing 4% when compared with last year when sales hit £45.8bn. According to global market research firm Mintel, sales through non-food retailers are expected to reach £23.5bn (including £4bn from online sales generated by physical stores), while food retailers could…
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20 November
Victoria’s Secret appoints John Mehas as new CEO
Lingerie retailer Victoria’s Secret has appointed John Mehas as CEO, effective early 2019, replacing Jan Singer who has resigned. Mehas is currently serving as the president of lifestyle brand Tory Burch, and previously led Club Monaco, a Polo Ralph Lauren brand, for 13 years as president and CEO. He gained…
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20 November
‘Challenging market’ sees Bonmarché profits fall
Bonmarché has seen its profits fall by 21% for the first half of the year, attributed to “weaker consumer sentiment” in a “challenging market”. The fashion retailer reported for the period ending 29 September underlying profit before tax was £3.3m, almost £1m lower when compared with the same period the previous…
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20 November
ASOS launches Fit Assistant to help customers find right size
ASOS has announced the global app roll out of its sizing tool, ASOS Fit Assistant, which works to help customers find their right size the first time. The Fit Assistant uses machine learning to provide bespoke sizing recommendations on the online retailer’s product pages. Powered by Fit Analytics, ASOS has…
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20 November
Twitter recruits man named John Lewis for #NotARetailStore advert
Twitter has launched a Christmas advert featuring a man named John Lewis who is often mistaken for the retailer. Lewis receives over 50,000 tweets per year from customers hoping to reach John Lewis and Partners customer service team which uses the Twitter handle @jlandpcustserv as opposed to Lewis who uses…
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