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 -8 September
John Lewis expands Anyday range to include fashion
John Lewis has announced that from 13 September it is extending its Anyday own brand range to include menswear, womenswear and childrenswear, following the brand’s successful launch in home, technology and nursery in April this year. From this Autumn/Winter, with the introduction of fashion and newness in home, the brand…
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8 September
VF Corporation’s Veronica Wu departs board role
The VF Corporation has announced that Veronica Wu has decided to step down from her role on the company’s board of directors, effective immediately. The company stated that “Ms. Wu’s decision to step down from the board was not the result of any disagreement with VF on any matter relating…
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8 September
Dunelm sees FY21 profits surge 44% to £157.8m
Dunelm has reported that pre-tax profits for the full-year ended 26 June 2021, grew by 44.6% to £157.8m from £109.1m, reflecting the group’s ongoing focus on operational grip, despite the impact of store closures. Total sales also rose by 26.3% to £1.3bn for the period from £1.05bn the previous year…
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8 September
UK shoppers buying internationally drops 14%
The proportion of UK shoppers buying internationally reportedly dropped 14% to just over one in 10 (31%) in 2021. According to research conducted by Sendcloud, a shipping platform for e-commerce businesses, 56% of EU consumers claimed to shop internationally, a fall of just 5% from 2020. The group’s annual e-commerce…
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7 September
Tihara Smith opens its first store in Seven Dials
Seven Dials retail destination has announced that Caribbean-inspired lifestyle brand Tihara Smith has opened its very first brick and mortar store on 37 Neal Street. Smith was the winner of the ‘Start-Up with Seven Dials’ competition series, which gave budding entrepreneurs the chance to set up their first shop and…
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7 September
Oxford Street to launch sustainability initiative
Oxford Street has announced the launch of a sustainability campaign on 15 September as a part of its ‘Beyond Now’ scheme. Designed to provide shoppers with more sustainable retail choices, the programme will feature contributions from a number of brands operating on the iconic London street. A range of sustainable…
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7 September
Morrisons battle set to be decided with auction
The bidding war between rival US private equity firms for the ‘Big Four’ grocer Morrisons is reportedly set to be decided with an upcoming auction. According to the Mail, The Takeover Panel will begin talks with both Fortress and Clayton, Dublier and Rice (CD&R) and the Morrisons board as early…
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7 September
Tesco calls for apprenticeship reform
A reform to the Apprenticeship Levy could lead to an additional 8,000 new apprenticeships across the retail sector every year, Tesco has said, with 500 apprenticeships created at Tesco alone. A new report for the group, produced by Public First, outlines the supermarket’s contribution at a national level and in…
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7 September
Ralph Lauren enters digital fashion with Zepeto partnership
Ralph Lauren has announced its collaboration with Zepeto, the global social networking and avatar simulation app, allowing users to wardrobe their 3D avatars with exclusive products. In the partnership, Ralph Lauren apparel is reimagined for the digital world of Zepeto, where users can immerse themselves in a virtual world with…
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7 September
Ted Baker Q2 revenues rise 50%
Ted Baker has reported that a 50% YOY increase in group revenues for the 16-week period from 25 April 2021 to 14 August 2021, as the company snapped back from the material negative impact of Covid-19. Trading momentum continued to build through the period, with the last four-week exit rate…
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