Industry News

Knowledge is power, or so they say!  The People Pod have compiled some of the latest UK retail, FMCG industry and company news, to save you the hassle of sifting through the business pages...
 
   
 
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Wed, 9th November 2016
New Look has reported an 8.4% decline in first half group like-for-like sales after experiencing challenging trading conditions in both its first and second quarters. UK like-for-like sales fell by 8.8%.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Tue, 8th November 2016
UK retail sales rose by 1.7% year-on-year on a like-for-like basis in October with nearly all product categories seeing a degree of sales growth.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Tue, 8th November 2016
Marks & Spencer has said it plans to close around 60 UK clothing and homewares stores as it reported that its six month underlying pre-tax profits have dropped by 18.6% to £231.3 million.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Tue, 8th November 2016
Sainsburys has appointed Poundland chief executive Kevin OByrne as its new chief financial officer.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Tue, 8th November 2016
Mens fashion retailer 7Liverpool has chosen Liverpool ONE for the opening of its debut store.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Tue, 8th November 2016
Handmade loafer brand Duke & Dexter has launched its first UK flagship store at Londons Seven Dials.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Tue, 8th November 2016
Kitchen and bedroom retailer Betta Living has ceased trading with hundreds of jobs put at risk.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Mon, 7th November 2016
ASICS has announced solid growth across its EMEA region in the first three quarters of 2016. Net sales rose by 4% to 695 million.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Mon, 7th November 2016
Planning consent has been granted for a large new shopping area within Londons Waterloo station.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Mon, 7th November 2016
Michael Kors has appointed former Pearson chief financial officer, Robin Freestone, to its board of directors. The appointment brings the company's board membership to nine including seven independent directors.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Mon, 7th November 2016
The development consortium behind the regeneration of Durham Citys Riverside is to embark on the next stage of its masterplan after Durham County Council granted permission for the development of Milburngate.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Mon, 7th November 2016
Tesco has announced further reductions to sugar levels in its own brand soft drinks as part of its ongoing commitment to reduce the sugar, fat and salt content across all of its own brands.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Mon, 7th November 2016
Hammerson has exchanged contracts for the sale of Westmorland Retail Park in Cramlington in Northumberland to Arch Commercial Enterprise for £36 million.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Sun, 6th November 2016
Birds Eye war with supermarkets, Green fights for BHS millions, Sainsbury's pension black hole, Morrisons cut staff benefits, Sports Direct hopes pay more UK tax, Marks & Spencer profits plunge, M&S store closures, Debenhams creeping predators, Primark owner to boost profits, How Scandi style took over the high street.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 4th November 2016
Barneys New York has promoted Josh Lieberman to the position of executive vice president of digital.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 4th November 2016
New figures have shown that the UKs high streets recorded year-on-year sales growth of 0.7% in October.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 4th November 2016
MAC Cosmetics is to open a 1,480 square foot standalone boutique in the Queensgate shopping centre in Peterborough.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Fri, 4th November 2016
SPAR India has chosen Hyderabad for the opening of its 18th Indian hypermarket.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Thu, 3rd November 2016
Morrisons saw its like-for-like sales excluding fuel grow by 1.6% in its third quarter as it invested in pricing and improving the shopping trip for customers.
   
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category Retail  |  source  The Retail Bulletin
 
   
   
 
Thu, 3rd November 2016
John Lewis of Hungerford, the manufacturer and retailer of luxury kitchens and bedroom furniture, has reported that Kenneth McNaught has been succeeded as chairman by Gary O'Brien with immediate effect.
   
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category Retail  |  source  The Retail Bulletin
 
   
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Wed, 23rd November 2016
Morrisons to pilot convenience offer in petrol stations and revive Safeway brand
Morrisons is to pilot a convenience food offer in ten petrol station shops owned and managed by forecourt operator, Rontec.

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Wed, 23rd November 2016
John Lewis sales down 2.6% last week
In the week before Black Friday, the John Lewis department store chain saw its sales decrease by 2.6% year-on-year.

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Wed, 23rd November 2016
Blackwell's appoints sales and marketing director
Bookseller Blackwells has appointed Dean Drew to the newly created role of sales and marketing director.

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Wed, 23rd November 2016
Insight: 93% of UK millennials lack trust in online retail
A new study has found that UK millennials are becoming increasingly concerned about sharing personal information with retailers, but their need for a convenient shopping experience still outweighs their security worries.

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Wed, 23rd November 2016
Sarah Beeny joins German direct selling brand Vorwerk to launch online store
Vorwerk, the German technology brand behind kitchen gadget the Thermomix, has enlisted TV property expert Sarah Beeny to promote the launch of its Kobold VK200 vacuum cleaner online.

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Wed, 23rd November 2016
New vision revealed for Hull's Humber Street
A new vision for Humber Street in Hulls Fruit Market has been revealed as part of an £80 million rejuvenation of the city centres waterside being led by Wykeland Group and Beal Homes in partnership with Hull City Council ahead of Hulls year as UK City of Culture in 2017.

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Tue, 22nd November 2016
Kingfisher Q3 sales uplift driven by UK and Poland
Kingfisher, the owner of B&Q and Screwfix, has seen its third quarter like-for-like sales climb by 5.8% in constancy currency in the UK and Ireland as it continues to implement its transformation plan.

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Tue, 22nd November 2016
AO makes good first half progress
Domestic appliance retailer AO World has grown its first half revenue by 22.9% to £324.7 million as it continues to grow sales in both the UK and Europe.

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Tue, 22nd November 2016
English Cut opens flagship Marylebone store
English Cut, the British tailoring brand, has chosen Londons Marylebone as the location for its first flagship store.

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Tue, 22nd November 2016
Delsey launches first online store
French luggage brand Delsey has opened its first online store. Initially launched in France, the store wil be rolled out across Europe next year.

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Tue, 22nd November 2016
Digital fashion start-up launches virtual styling app
A new styling and personal shopper app has been launched that matches users with a stylist who offers free advice on wardrobe choices.

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Mon, 21st November 2016
Uniqlo owner establishes denim innovation centre
Uniqlo owner Fast Retailing has established a denim innovation centre for the research and development of denim fabric.

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Mon, 21st November 2016
Bonmarché posts drop in sales and profits
Womens fashion retailer Bonmarché has reported a drop in first half sales and profits after battling against a range of factors impacting its business.

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Mon, 21st November 2016
Waitrose to take lead role in managing research on food security and sustainability
Waitrose has become the first retailer to successfully apply to lead the delivery of a major investment in doctoral training by the Biotechnology and Biological Sciences Research Council.

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Mon, 21st November 2016
Capco appoints Situl Jobanputra as chief financial officer
Capital & Counties Properties, the owner of Londons Covent Garden Estate, has named Situl Jobanputra as its new chief financial officer. He will join the business on 17 January.

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Mon, 21st November 2016
VictoriaPlum.com wins trademark infringement case
Online bathroom products retailer VictoriaPlum.com has won a trademark infringement case in the High Court against competitor Victorian Plumbing.

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Sun, 20th November 2016
Sunday Retail News Roundup
BHSs bosses may face clawback, May retreat workers on boards, Crisis for Chappell another company on brink, Business rates shock, Post Office reforms, Jackpot! Online gambling bonanza, Black Friday overhyped, Industry bodies slam new business rates appeals, Blitz on betting machine stakes, Marstons push pays off, Shocking Pink Tuesday, Paralympians join top label.

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Fri, 18th November 2016
Jimmy Choo reports growth in revenue
Luxury footwear brand Jimmy Choo has reported continued revenue growth in the second half of its financial year despite a difficult climate for the luxury sector.

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Fri, 18th November 2016
Tesco to hold its biggest ever Black Friday event
Tesco has said it is to hold its biggest ever Black Friday event this year by offering 11 days of deals and savings compared to four last year.

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Fri, 18th November 2016
Schuh to open dedicated kids' store at Bluewater
Footwear retailer Schuh is to open a dedicated Schuh Kids store at the Bluewater retail and leisure destination.

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