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 -3 September
Gov needs to tackle ‘short and systemic’ supply problems, commission warns
The government has been urged to “get a handle” on the “immediate and systemic” problems currently causing the supply chain crisis affecting the country, by a cross-party commission. The UK Trade and Business Commission, which was setup to scrutinise the government’s post-Brexit trade deals, yesterday (2 September) hosted a hearing…
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3 September
One in 10 BNPL consumers chased by debt collectors
One in 10 Buy Now Pay Later (BNPL) consumers have been chased by debt collectors, with the number rising to one in eight amongst young people, according to new research from Citizens Advice. While “millions” of shoppers in the UK use BNPL to split or delay payments, Citizens Advice has…
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3 September
Tapestry adds Unilever president to board of directors
Tapestry, a global house of brands which includes Coach, Kate Spade New York and Stuart Weitzman, has announced that Hanneke Faber has been appointed to its board of directors. The appointment of Faber to the board brings the membership to eleven, including ten independent directors. Faber currently serves as president,…
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3 September
Travis Perkins acquires new site for flagship branch
Travis Perkins has announced that it has acquired the former Motus Commercials site in the St Philips area of Bristol in a multimillion-pound deal for the creation of a new flagship branch. The site which was brokered by NG Chartered Surveyors, has been transformed into a new 20,000 sq ft…
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3 September
August footfall still 18% below pre-pandemic levels, says BRC
Total UK footfall four the four week period ended 28 August 2021 remained 18% below its pre-pandemic August 2019 level. However, according to the British Retail Consortium (BRC) and Sensormatic IQ data, the four week period represented a 10% climb from July 2021. In turn, August’s figures sat above the…
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2 September
Homebase welcomes gov Kickstart recruits to Nottingham store
Homebase has announced that it has kickstarted its creation of 300 jobs across Britain for young people with the first recruits set to join the retailer’s Nottingham store. As part of the government’s Kickstart Scheme, the retailer will be offering people aged 16-24 the chance to learn new skills, gain…
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2 September
Next names Soumen Das as non-exec director
Next has announced the addition of Soumen Das to the group’s board as an independent non-executive director. Effective as of 1 September, Das’ appointment is set to strengthen the board’s knowledge and experience of the UK property and capital markets. His sector expertise is intended to replace that of Francis…
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2 September
Staycations boost footfall recovery in August
Staycations helped footfall improve in August by around a quarter from -24.2% in July to -18.6% in August, with the gap from the 2019 footfall level reducing to less than -20% for the first time since the start of the pandemic. According to the latest data from Springboard, Footfall declined…
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2 September
CMA blocks JD Sports’ Footasylum merger deal
JD Sports could be required to sell Footasylum after its merger was recently blocked by the Competition and Markets Authority (CMA) on the grounds that it could lead to a “worse deal” for shoppers. The CMA’s latest decision to block the merger, comes after its first attempt in May 2020,…
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2 September
ACS announces new chair
The Association of Convenience Stores (ACS) has announced the appointment of Spar managing director Louise Hoste as its new chair. Hoste will take on the role from November, with independent retailer Ramesh Shingadia continuing in the role of vice chair. The ACS represents over 33,500 local shops, supporting members through…
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