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- 2022 -11 May
Co-op trials new click and collect service to boost convenience
Co-op has launched a trial of a dedicated external service hatch to make its click and collect service more convenient. The new service was launched in Lewes Road, Brighton – a store which had been identified as one of Co-op’s busiest in the UK for click and collect orders through…
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11 May
Beauty Bay drafts in advisors after IPO stalls
Online beauty platform Beauty Bay has reportedly hired bankers to explore options for the group after plans for its IPO stalled. According to Sky News, it has drafted in US-based Threadstone Capital, which previously advised Cult Beauty on its sale to THG, to advise it. Sources told Sky that options…
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11 May
Superdrug expands same day delivery service to Scotland
Superdrug has expanded its same-day, ‘Store to Door’, courier service to customers in Scotland, now available to those within approximately a five mile radius of nine Scottish Superdrug stores within the Glasgow and Edinburgh regions. The service allows shoppers to order products directly from their local store. Powered by delivery…
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10 May
Adidas Q1 profits drop almost 40%
Adidas has reported its operating profits dropped 38% year-on-year from €704m (£602.71m) to €437m (£374.13m) in the first quarter ending 31 March 2022 (Q1), due to its operating margin dropping 5% to 8.2%. Income-before-tax also dropped 38.5% to €411m (£351.87m) in Q1, compared to €669m (£572.75m) in the same period…
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10 May
Amazon Fresh to expand beyond London with Sevenoaks site
Amazon Fresh is set to open a new site in Sevenoaks, Kent, becoming one of the first Amazon Fresh stores to open outside of London. According to Kent Online, it is thought the new store will open on the site of a former Baby Gap in Bligh’s Meadow. Sevenoaks District…
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10 May
Schuh opens distribution centre in Ireland
Schuh has announced the opening of a 49,000 square foot distribution centre in Ireland. The new facility at northwest business park, Dublin, has led to the creation of 25 additional job roles. The Republic of Ireland distribution centre will serve Irish and European customers, further increasing schuh’s omnichannel capabilities, ensuring…
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10 May
Fruugo revenues surge 57% to £30.7m
Online global marketplace Fruugo has seen its FY21 revenues surge 57% to £30.7m, over 220% on a two-year basis, which it attributed to the “quality and scalability” of its marketplace platform and proprietary technology. Fruugo also confirmed that for the 52-week period ended 31 December 2021, that adjusted EBITDA increased…
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10 May
Cost of living crisis begins to hamper consumer spending
Spending on essential items dropped to 18.1% in April, compared to 17.4% in March, as inflation and rising living costs are starting to impact the retail sector. Research from Barclaycard found this was largely due to spending on fuel falling from a record 26.1% increase last month to 23% in…
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10 May
Morrisons secures McColl’s deal saving 16,000 jobs and pensions
Alliance Property Holdings Limited, part of the Morrisons Group, has secured a rescue deal for embattled retailer McColl’s that will see all 16,000 staff transferred, alongside more than 1,100 nationwide outlets. The deal also sees Morrisons agreeing to rescue the group’s two pension schemes which have more than 2,000 members.…
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10 May
Tesco opens up supply chains to sustainable start-ups
Tesco and WWF have launched a new accelerator programme which aims to pair start-ups with Tesco suppliers to fast-track sustainability innovation in the supply chain. The partnership aims to “cut the environmental impact of food and support UK food security”. It comes as Tesco is calling on the UK government…
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