Sectors

The latest news from all retail sectors

Grocery

Philip Clarke has reportedly sent a letter to Tesco's management informing them that staff bonuses are to be cut by more than 80 per cent this year

Tesco cuts store manager bonuses by up to 80%

- Philip Clarke, CEO of the UK’s leading retailer Tesco, has informed around 5,000 of the company’s store managers & executives that their annual bonuses will be slashed this year.According to The Daily Mail a letter was sent to the managers explain...
11:20AM - Tue 15th May 2012
Martin Pratt, employment lawyer at Kingsley Napley LLP

Could Sainsbury’s be liable for employee’s murder?

- On 15 April 2009 Robert McCulloch, a British National Party (BNP) member who openly held extreme and racist views about eastern Europeans coming to the UK, fatally stabbed Mr Romasov from Lithuania at their common place of work – a Sainsbury’s bra...
04:28PM - Wed 9th May 2012

Fashion

French Connection has already announced a number of store closures as it tries to improve its underlying sales performance in the UK

French Connection issues profit warning

- British fashion retailer French Connection has announced to investors today that it is now unlikely to meet its full-year profit targets due to continuing declines in sales.In the 15 weeks to May 7th 2012 French Connection’s group revenues decline...
11:03AM - Thu 17th May 2012
Part of Ben Sherman's Autumn & Winter range for 2012

Ben Sherman hires new Brand Communications Director

- Jo Lee has today been confirmed as the new Brand Communications Director of British fashion label and retailer Ben Sherman.Having spent the last eight years leading the marketing team at luxury brand Paul Smith, Lee comes to the business with sign...
12:16PM - Tue 15th May 2012

Electricals

Full-year profits for Dixons will now be at the top end of estimates thanks to strong Q4 trading

Dixons sales rise sharply in its final quarter

- The management team of electricals retail group Dixons retail will feel satisfied with the success of its renewal & transformation programme this morning, after publishing vastly improving sales results.Full-year sales for the 52 weeks ending Apri...
10:03AM - Thu 10th May 2012
Smart TVs allow users to connect to the internet directly from their sets (image ©iStockphoto.com/pictafolio)

Retailers failing to maximise Smart TV sales

- The benefits of new Smart TVs are not being communicated well enough to consumers leading to lost sales, new research published today reveals.Smart TVs represent the next generation of television sets and allow users to connect directly to the int...
12:39PM - Mon 30th April 2012

Health & Beauty

Boots UK sales fell 1.1 per cent like-for-like during its last full-year period, as health related products sold poorly

Alliance Boots posts strong rise in trading profit

- The parent company of UK-based health & beauty retailer Boots has today reported a full-year 12.4 per cent rise in headline trading profit after a decent performance in its domestic market.Alliance Boots revealed that in the year ending March 31st...
10:29AM - Wed 16th May 2012
Feelunique's salon in Jersey

Feelunique.com posts full-year EBITDA of £2m

- Online health & beauty retailer Feelunique.com has today revealed that it has more than doubled its profitability and increased its turnover by 63 per cent over the last year.In the year to March 12th 2012 Feelunique recorded a record turnover of ...
04:34PM - Tue 8th May 2012

Home & DIY

Wickes sales have been affected by the adverse weather seen this Spring

Wickes sales slump in wet weather

- Sales since the start of the year at DIY specialist Wickes have been dampened by recent cold and wet weather, a trading update published today reveals.Parent company Travis Perkins has seen its total revenues boosted by the full incorporation of T...
10:52AM - Mon 14th May 2012
Lord Harris has announced he is to step down as CEO of Carpetright after almost 25 years in charge of the retailer

Lord Harris to step down as Carpertright CEO

- Long-serving retail boss Lord Harris is to step down from his role as CEO of carpet & flooring specialist Carpetright, it has been announced today.Harris, who founded the business in 1988, will be replaced in the CEO role by former Sainsbury’s dir...
11:59AM - Fri 11th May 2012

Department Stores

Some of the volunteers of M&S' Big Beach Clean Up at Sandy Bay, Devon

M&S collects 11,500kg of litter from Britain’s beaches

- A set of false teeth, half a sofa uncovered in Edinburgh and a cabinet in Liverpool were all part of the debris cleaned up over the weekend in the latest venture by retailer Marks & Spencer.The Big Beach Clean, part of the company’s ongoing Foreve...
03:37PM - Tue 15th May 2012
Marc Bolland has aimed to increase M&S sales by £3 billion in three years but that now looks unlikely.

M&S to reduce sales growth targets

- High street retailer Marks & Spencer (M&S) is set to scale back its ambitions plans for sales growth next week due to the depressed state of UK consumer spending, reports have suggested.Just 18 months ago CEO of M&S Marc Bolland claimed that the b...
11:28AM - Mon 14th May 2012

Entertainment

HMV sales were hit by weak CD & DVD releases during its Q4 period

HMV expects loss of £16m as sales slide further

- Entertainment retailer HMV has today predicted that its full-year losses will be greater than previously anticipated due to a lack of big music & film releases in its fourth quarter.Reporting its pre-close update the beleaguered business said that...
09:52AM - Fri 4th May 2012
Is OpCapita brave, foolish or merely asset stripping?
featured artcle

Is there still a place for Game on the high street?

- Private equity firm OpCapita’s acquisition of Game Group saved the retailer from extinction and kept more than 300 of its stores on the UK high street, but for how much longer?The new owner of Game argues that the demand is still there for a high ...
01:46PM - Tue 3rd April 2012

Multichannel and e-tail

Charles Hunt argues that pure-play and not multichannel is the future for retail

Comment: Pure-play vs. multichannel

- The battle between online-only (pure-play) retailers and their multichannel (online and high-street) competitors is very much on. There seems to be a general consensus that having both an online and high-street presence is the most effective way t...
02:15PM - Mon 14th May 2012
No jobs at Shop Direct's HQ in Speke, Meryside will be effected by the outsourcing of it call centres to Serco

Shop Direct to close two of its call centres

- Catalogue & online retailer Shop Direct Group has announced today that two of its four customer service centres could close as part of a new deal with professional services firm Serco.Serco has been awarded a contract to manage the retailer’s cont...
03:10PM - Wed 9th May 2012

General retail

All of the Birthdays-branded stores run by Clinton Cards are now set to close

Clinton Cards to close 350 of its UK stores

- Administrators for the beleaguered high street greeting cards specialist Clinton Cards have announced that nearly half of the retailer’s stores are to be closed to help pay off its debts.Corporate Advisory & Restructuring firm Zolfo Cooper said in...
09:35AM - Thu 17th May 2012
The new ad will feature youngsters playing in the sun

Halfords ad elicits British nostalgia

- Bicycle & car parts retailer Halfords has launched a new advertising campaign based on the feelings elicited by memories of British summertime.Launching this week, the retailer drafted in DLKW Lowe, a creative agency behind adverts for other well ...
05:45PM - Wed 16th May 2012
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