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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Sep- 2021 -17 September
BIRA calls on gov to appeal card payment fees
British Independent Retailers Association (BIRA) has added its voice to a group of trade bodies appealing for parliament to intervene and protect British businesses and consumers from the cost of anti-competitive practices in card payments. The association has joined the British Retail Consortium (BRC), Association of Convenience Stores (ACS), Federation…
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17 September
Marks and Spencer to close 11 French stores
Marks and Spencer (M&S) has announced the closure of all 11 franchise stores with partner SFH in France over the coming months, which it has attributed to the impact of Brexit on its supply of fresh and chilled food. However, M&S added that the nine franchise stores with partner Lagardere…
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17 September
Asos announces plans to meet ESG goals by 2030
Asos has announced the launch of its “fashion with integrity” (FWI) 2030 programme, a plan aimed at ensuring it meets its ESG goals by 2030. The plan includes a commitment to achieve net zero across the full value chain by 2030. The online retailer said the FWI 2030 programme is…
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17 September
Retail sales fall 0.9% in August, ONS reveals
Retail sales volumes fell by 0.9% in August 2021, marking the second consecutive month-on-month decline, according to the latest Office of National Statistics (ONS) data. Despite the drop in sales, the results still remained 4.6% higher than their pre-pandemic February 2020 levels. Online sales rose to 27.7% in August from…
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17 September
Reiss swings to £13.6m FY21 loss
British fashion brand Reiss has announced that it swung to a loss before tax after exceptional items of £13.6m in FY21, down from profits of £20.1m the year before. The group also reported a 24.6% year-on-year fall in revenues to £170.7m for the 52-week period ended 30 January 2021. Reiss…
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16 September
Asda appoints new George lead
Asda has announced the appointment of Liz Evans as its new lead for its fashion business, George, with effect January 2022. She will join from family lifestyle brand Fat Face, where she has led the business as CEO since 2019. Prior to joining Fat Face, Liz was the CEO of…
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16 September
Superdry sees its losses narrow to £36m
Superdry CEO Julian Dunkerton has hailed that the company is “turning the corner” after it revealed statutory losses before tax for FY21 have narrowed to £36.7m, down from £166.9m the previous year. In its preliminary results for the 52-week period ending 24 April 2021, the retailer posted a full year…
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16 September
John Lewis Partnership reduces H1 losses to £29m
The John Lewis Partnership has reduced its losses in the first six-months of the year ending 31 July to £29m from a previous year’s loss of £635m. Revenue rose 5% during the period to £5.2bn from £4.9bn in 2020 and was boosted by improved sales performance. The company revealed that…
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16 September
Lidl reveals plan to reduce in-store plastic
Lidl has announced a series of new initiatives as part of its REset Plastic strategy, in order to eliminate plastic waste and support the continued reduction and recyclability of plastics in its stores. The discounter has confirmed plans to replace all single use fruit and vegetable plastic bags with compostable…
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16 September
The Hut Group announces FY22 THG Beauty listing
The Hut Group (THG) has revealed plans to list its beauty arm as a separate entity on a public share-trading exchange in FY22. The listing of THG Beauty reflects a period of strong organic growth and growing US footprint for the department. The decision to list THG Beauty comes after…
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