NEWS

Check out the latest retail industry news as well as updates about the The Retail Agency.

Aldi reclaims crown as UK’s fastest-growing grocer

Aldi has reclaimed its crown as the UK’s fastest-growing grocer, with sales surging 15.1 per cent year-on-year in the latest quarter. The news comes amid the latest grocery market share figures from Kantar Worldpanel, which show overall grocery sales in the UK...

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Can New Look’s fall out of fashion be fixed?

When New Look founder Tom Singh opened the doors of his first shop in Taunton in 1969, he did so with a rag-trader’s self-confidence in picking best sellers. Over the years he has put the fashion chain’s rise in popularity down to his instinct for picking fashion...

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Asda posts worst annual figures since Walmart takeover

Asda has posted its worst annual figures since being taken over by the American grocer Walmart, as fierce competition in the UK supermarket sector took its toll. Britain’s third biggest supermarket chain admitted performance was “behind expectations” after pre-tax...

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Lidl to open 60 stores a year in £1.45bn UK push

German discount grocer has Lidl announced plans to open “at least one shop a week” amid £1.45 billion expansion push. Speaking to the Telegraph the retailer’s UK chief executive Christian Härtnagel said that he plans to open a further 60 stores per year in the UK,...

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Tesco reports sixth quarter of like-for-like sales growth

The supermarket’s group like-for-like sales edged up 1% in its first quarter. UK like-for-like sales increased by 2.3% with the rise driven by 2.7% like-for-like growth in food. Total volume growth in the UK remained positive and similar to the fourth quarter as Tesco...

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Next shares hit as it cuts profit outlook

Fashion chain Next’s shares have dropped 6% with investors disappointed by its latest trading update. The High Street retailer warned the market “remains challenging” as it reported a 2.5% drop in total sales for the past three months. Next also cut...

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Clothing and footwear retail prices fall in April

Clothing and footwear prices fell in stores last month, down 5.4% on the previous April. However, prices crept up 0.1% compared with the previous month, the British Retail Consortium (BRC)-Nielsen Shop Price Index shows. Overall shop prices reported deflation of 0.5%...

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700 jobs under threat as Jaeger falls into administration

Fashion chain Jaeger has collapsed into administration, putting 700 high street jobs at risk. The group’s directors have appointed AlixPartners to oversee the process following failed attempts by the company’s private equity owner, Better Capital, to sell...

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Tesco axes 24-hour opening at more stores

Tesco is calling time on 24-hour opening at more of its stores as part of a swathe of operational changes affecting 3,000 staff. The supermarket giant is moving to a night-to-day replenishment model in 69 of its largest sheds, axing round-the-clock opening hours in...

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Gloucester Quays signs on new Ted Baker outlet store

British fashion retailer Ted Baker is poised to open a new outlet centre at Gloucester Quays later this year. The 2200sq ft store will stock the brand’s menswear, womenswear and accessory collections. Ted Baker is the latest in a string of recent signings for the...

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Waitrose voted UK’s best supermarket

Waitrose, Iceland and Marks & Spencer have bagged the top slots in a supermarket survey based on customers’ levels of satisfaction when shopping in store and online. The upmarket grocer topped the “bricks and mortar” table in the annual poll by consumer group...

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Aldi becomes UK’s fifth largest supermarket

Aldi has overtaken the Co-op to become the UK’s fifth largest grocer as the discount supermarket stepped up the pace of growth in January. The German retailer increased its market share to 6.2% in the 12 weeks to 29 January compared with 6% for the previous three...

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