News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Dec- 2021 -20 December
Mike Ashley to consider taking Frasers private
Mike Ashely is reportedly considering taking Frasers Group off of the stock market in a bid to take advantage of its recent period of strong growth. According to The Telegraph, its recent performance combined with an intensive share buyback scheme has prompted speculation of delisting. It is thought that the…
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20 December
Amazon partners with Barclays to launch ‘buy now, pay later’ service
Amazon has announced its partnership with Barclays to enable UK customers to have access to a new, flexible payment method. It revealed customers will have “greater flexibility” to pay for their purchases, with financing options available on terms between 3 – 48 months. Customers will find their reusable credit account…
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20 December
Sainsbury’s opens new Glasgow store
Sainsbury’s welcomed customers to its latest new store of 2021 as it opened the doors to Sainsbury’s Ingram Street Local in Glasgow. Colin McInnes from local charity Homeless Project Scotland joined colleagues to cut the ribbon and support the arrival of the new convenience store. Situated in the heart of…
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20 December
M&S links £850m loan to net zero goals
Marks and Spencer will accelerate its sustainability initiatives after securing funding through a new £850m revolving credit facility that is linked to its Plan A net zero targets. Under the terms of its new credit facility, M&S will reportedly benefit from a lower interest rate if it delivers targets aligned…
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17 December
Consumer confidence falls in December amid Omicron fears
Pre-Christmas consumer confidence has fallen one point to -15 in the UK, according to GfK’s Consumer Confidence Index, as the impact of the latest Omicron variant takes hold on shoppers. The headline figure, which is actually two points lower compared with the same period last year, comes as two measures…
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17 December
November retail sales rise by 1.4%, ONS reveals
Retail sales volumes rose by 1.4% in November 2021, and were 7.2% higher than pre-Covid levels in February 2020, according to the latest Office of National Statistics (ONS) data. Non-food stores sales volumes rose by 2% during the period due to growth in clothing stores (2.9%) and other non-food stores…
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17 December
Online retailers expected to send 95% more orders this week
Online stores are preparing themselves for the next 10 days of shipping, with retailers expected to send up to 95% more parcels compared to the average shopping week, according to data produced by Sendcloud. It revealed that consumers are most likely to shop for Christmas gifts online 10 days before…
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17 December
Matalan partners with The Hut Group in new digital drive
Matalan has partnered with THG Ingenuity in a bid to accelerate its digital drive and support “extensive” online growth, in what is the first leg of a multiyear investment roadmap. The latest partnership with THG Ingenuity is said to represent a new and strategic alliance that will see the introduction…
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16 December
Tesco turns to refrigerated rail service to slash CO2 emissions
Tesco has announced it will begin to use a refrigerated rail freight service to transport goods across the UK over the festive season. The new rail service marks the first time Tesco has used refrigerated rail freight in the UK. It will be operated by Direct Rail Services (DRS), who…
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16 December
Boohoo warns higher return rates to impact FY22 profits
Boohoo has warned that “significantly” higher return rates will impact profits for the full-year ending 28 February 2022 making it “lower than previously guided”. In a recent trading update for the three months to 30 November 2021, the group said it now expects net sales growth for the full-year to…
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