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.
-
Sep- 2021 -21 September
Aldi to trial its first checkout-free store in London
Aldi has announced it is trialling new checkout-free technology at one of its London stores. It said the technology is designed to allow customers to scan a smartphone app to enter the store, pick up their shopping, and simply walk out without the need to pay at a till. Shortly…
Read More » -
21 September
M&S invests £20m in technology fund amid digital push
Marks and Spencer has committed over £20M to a technology fund managed by True, as the retailer aims to continue it’s push towards a digital-first business. Marks and Spencer has worked with True since 2018, however this represents the first significant financial commitment, with its latest fund aiming to raise…
Read More » -
21 September
Home DIY boosts Kingfisher H1 profits to £677m
B&Q owner Kingfisher, has revealed that for the six months ending 31 July 2021, statutory pre-tax profits increased 70.6% to £677m from £398m the previous year. Total sales during the six-month period also increased by 19.9% to £7.1bn from £5.92bn in 2020 and was driven by strong demand for home…
Read More » -
21 September
Convenience stores see sales outperform UK supermarkets
Grocery spend at UK convenience stores increased by +3.3% in the last four weeks ending 11 September 2021 – outperforming UK supermarkets, which rose by +0.6% during the same period, according to data released by NielsenIQ. NielsenIQ explained the shift toward the convenience channel is a result of a “gradual…
Read More » -
21 September
Four in five shops to shut without business rates reform, says BRC
Some 83% of retailers would reportedly be forced to close shops without the introduction of a business rates reform as a part of the Government’s upcoming review. According to research conducted by the British Retail Consortium (BRC), 85% of those retailers surveyed recognised business rates as either an “extremely” or…
Read More » -
20 September
Supermarket Income Reit acquires six new sites for £113.1m
Supermarket Income Reit, the real estate investment group, has announced the acquisition of six supermarkets for a total purchase price of £113.1m. Acquired from different vendors, the purchases consist of a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall…
Read More » -
20 September
JYSK reveals record €4.386bn turnover
JYSK has revealed an all-time high turnover of €4.386bn (£3.754bn) for the financial year from 1 September 2020 to 31 August 2021, an increase of 7%. Figures were boosted by a 43% rise in online sales, in addition to JYSK’s click and collect service where customers order from home and…
Read More » -
20 September
LVMH names Nigo artistic director at Kenzo
Moët Hennessy Louis Vuitton (LVMH) has named Japanese fashion designer and DJ Nigo as the new artistic director of Maison Kenzo. Effective today (20 September), Nigo joins the French luxury fashion house founded by Takada Kenzo, who graduated from the same fashion school in Tokyo. Having launched A Bathing Ape…
Read More » -
20 September
Gap to return to the UK with new Next partnership
Next has announced that it has finalised an agreement with Gap to manage the business in the UK and Ireland as a franchise partner. Under the agreement, the companies will form a joint venture to operate Gap’s e-commerce business across the Next total Platform, host Gap-branded shop-in-shops at select retail…
Read More » -
20 September
Morrisons announces ‘zero waste’ stores trial
Morrisons has announced the trial launch of the UK’s first six ‘zero waste’ stores in Edinburgh, which will have the ability to operate with zero waste by 2025. If successful, Morrisons will aim to roll out the ‘zero waste’ store format to all it’s 498 stores across the UK over…
Read More »
