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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May- 2018 -2 May
House of Fraser CVA prompts closures amid 51% sale
House of Fraser has confirmed the sale of a 51% stake in its group, which may lead to the closure…
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2 May
Ocado announces partnership with Swedish retailer ICA
Online supermarket Ocado has announced a partnership with Swedish grocery retailer ICA to allow use of Ocado’s smart platform services.…
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2 May
Holland & Barrett reports ninth consecutive year of sales growth
Health and wellness retailer Holland and Barrett has reported its ninth consecutive year of like-for-like sales growth, rising by 4.5%.…
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2 May
Sainsbury’s group sales up 9% but statutory profit plummets
Sainsbury’s has posted its preliminary results for the 52 weeks to 10 March in which its group like-for-like sales increased…
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2 May
Fall in shop prices marks fifth year of deflation
Shop prices fell by 1% in April marking the fifth year of deflation for retail prices. According to the British…
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1 May
Carpetright expects £9m profit drop
Carpetright has warned pre-tax profits will fall £9m for the year ending 28 April 2018. According to the carpet retailer…
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1 May
Sports Direct pips JD Sports, acquires 20% stake in Finish Line
Sports Direct has acquired almost 8 million shares in US sports retailer Finish Line – the company set to be…
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1 May
Sainsbury’s boss sings ‘We’re in the Money’ before TV interview
The CEO of Sainsbury’s and one of it’s largest shareholders, Mike Coupe, was recorded singing ‘We’re in the Money’ while…
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1 May
Solid first-quarter growth for online retail orders
Online retail delivery order volumes were up 9.6% year-on-year in March, according to the latest data from the IMRG MetaPack…
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Apr- 2018 -30 April
New tool developed to match catalogue items with those in a warehouse
Microsoft has developed a new tool aimed at the retail industry, to identify items by rough images and match them…
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