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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Jun- 2021 -16 June
ScS upgrades FY21 outlook amid ‘strong’ trading
ScS has announced that it now expects its full year performance for FY21 to be ahead of market expectations, following…
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16 June
Asda opens ‘biggest refill zone’ in York
Asda has announced plans to open its biggest refill zone to date in York in October. The zone will feature…
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16 June
Boohoo opens talks for Debenhams store return
Boohoo is reportedly in talks to open a Debenhams store in a bid to land deals with a number of…
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16 June
Made.com debuts on stock market with £775.3m price offer
Made.com has confirmed its intention to float on the London Stock Exchange on 21 June 2021 with an offer price…
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15 June
Ikea France fined €1m for staff privacy breaches
Ikea France has been fined €1m (£862,101) after its former CEO, Jean-Louis Baillot, was found guilty of collecting private data…
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15 June
Sunak to reject furlough extension calls despite ‘freedom day’ delay
Chancellor Rishi Sunak is reportedly set to reject calls for an extension of the furlough scheme and business rates report…
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15 June
H&M sales soar 75% in Q2
H&M has reported a quarterly turnover rise from the year before as Covid-19 restrictions continue to ease, despite overall revenue…
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15 June
Boohoo see Q2 revenues surge 32% to £486m
Boohoo has reported a 32% surge in group revenues for the three months to 31 May 2021 from £367.8m to…
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15 June
Very recruits 30 young people via Gov’s Kickstart initiative
The Very Group has announced plans to create 30 new roles as part of the government’s Kickstart scheme to “improve…
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15 June
BNPL spending to reach $1trn by 2026
Global spending through buy-now-pay-later schemes is set to reach $995bn (£705bn) by 2026, up from $266bn (£188bn) in 2021, according…
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