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 -16 December
Hammerson disposes of Silverburn shopping centre stake
Hammerson has announced the disposal of a number of its non-core assets, including its share in Glasgow’s Silverburn shopping centre. Hammerson said it has agreed the unconditional contract for the sale of Silverburn, a 100,000m2 shopping centre near Glasgow, from 50/50 joint venture partners Hammerson and Canada Pension Plan Investment…
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16 December
Shoe Zone opens new Southampton Store
Footwear retailer Shoe Zone has announced the opening of a new store in Southampton this winter. The store, located on 69 Above Bar Street, Southampton, opened its doors on 13 December. The new store will be running a selection of promotions and will stock popular brands such as Skechers, Lotus,…
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15 December
Aldi to introduce pay rise for all UK store staff
Aldi has announced that it will be giving 28,000 UK store colleagues a pay rise, effective from 1 February 2022. It revealed an investment of a record-breaking £34m with all 28,000 store colleagues receiving pay increases. According to the retailer, it will offer new hourly rates for store assistants of…
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15 December
Tesco avoids Usdaw strike action with new pay deal
Tesco has agreed a pay deal with Usdaw to avert strike action at nine of its distribution centres in the run up to Christmas. Prior to the new agreement, action would have seen Usdaw workers at the distribution centres walk out during the week leading up to Christmas Eve. Instead,…
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15 December
Currys H1 profits hit £48m despite supply issues
Currys has reported that pre-tax profits hit £48m for the six-month period ending 30 October 2021, up from £45m reported the prior year. Despite the profit growth, revenue slowed to £2.5bn, down from £2.6bn the previous year, as the retailer continued to be impacted by supply chain issues. The group…
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15 December
In The Style profit halves amid supply chain issues
In The Style has seen its profit halve in the six months ended 30 September 2021, falling by 51.3% as the group was hit by supply chain issues over the period. However, the group said there was “impressive growth” against the “exceptional” prior period, and saw revenue rise by 38.8%…
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15 December
Casa di Moda sets greenhouse gas reduction target
Fashion retail house Casa di Moda has announced it has set targets to reduce its greenhouse gas emissions by 60% over the 10-year period of 2019 – 2028. The renewed climate commitment comes after the fashion brand spoke at the COP26 conference last year. Brunello Cucinelli, executive chairman and creative…
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14 December
New store openings boost Poundland sales
Poundland owner the Pepco Group has announced that earnings soared by 46% to €647m (£552m) in the full-year ended 30 September 2021, as the group reaped the benefits of new store openings over the period. In its latest full-year results, the budget retailer announced that group revenue was also up,…
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14 December
Brits set to spend £6.8bn on groceries in next two weeks
British shoppers are set to spend £6.8bn at UK supermarkets in the next two weeks leading up to Christmas Eve, up from £6.7bn in 2020, according to new data by NielsenIQ. Data from NielsenIQ reveals that Total Till grocery sales fell 2.5% in the last four weeks ending 4 December.…
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14 December
Joules lowers H1 profit guidance amid global supply issues
Retailer Joules expects to report lower pre-tax profits for the 26-week period ending 28 November ranging from £2m to £2.5m, compared with last year’s result of £3.7m. The lower profit expectation was attributed to the “well-documented” global supply chain issues which have resulted in some higher costs and stock delays…
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