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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Aug- 2021 -25 August
UK must follow Scottish example to protect retail workers, says BRC
The British Retail Consortium (BRC) has called upon the UK Government to follow Scottish Parliament in implementing legislation that will better protect retail workers. The new Protection of Workers (Retail and Age-restricted Goods and Services) Act 2021 was unanimously passed in Holyrood, and came into effect on 24 August. Its…
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24 August
Retail stock levels reaches ‘record low’, CBI warns
Stock levels in relation to expected sales have hit a “record low” across retail and the distribution sector as a whole, according to the latest Confederation of British Industry (CBI) quarterly Distributive Trades Survey. The shortage marks the fifth consecutive month in which a record low has been reached in…
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24 August
Macy’s provides Toys“R”Us return to US
Fashion clothing and accessories retailer Macy’s has announced a partnership with WHP Global to bring Toys“R”Us back to operation in the US. The roll out has initially taken place on Macy’s online platform, and is set to extend across over 400 Macy’s shops nationwide in 2022. In addition to the…
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24 August
Tesco expands soft plastic sustainability initiative
Tesco has launched a new sustainability initiative whereby shoppers at all of Tesco’s large stores will be able to bring back any soft plastic packaging for recycling. The supermarket expects to collect more than 1000 tonnes a year and will “recycle as much of this material as possible” back into…
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24 August
Online grocery sales fall by 10% as in-store sales rise to £7.7bn
UK supermarkets experienced 50 million more in-store visits in the last four weeks ending 14 August 2021 compared with the same period last year, with store sales rising to £7.7bn, according to new data released by NielsenIQ. Nielsen revealed this figure comes at the expense of online grocery sales, which…
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24 August
Boots launches on Deliveroo
Boots UK has announced a new partnership with Deliveroo across 14 pilot stores that will see customers in the selective stores now have access to more than 400 products. The range includes medicines for minor ailments such as coughs and colds, hay fever and mild pain, beauty products including No7,…
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24 August
Hotter Shoes H1 sales climb 25%
Electra Private Equity has revealed that Hotter Shoes’ total sales increased 25% year-on-year in H1 FY22. The footwear retailer also saw UK direct to consumer sales jump 39% year-on-year in the period to July 2021. Hotter’s overall gross margin in the first half of FY22 climbed from 53% in H1…
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24 August
Former Amazon VP joins Ocado as non-executive director
Ocado has announced that former Amazon vice president Nadia Shouraboura will join the group as an independent non-executive director. Shouraboura, who will take up the role at the start of September, will also be a member of Ocado’s nomination committee. Shouraboura joined Amazon in 2004, before exiting in 2012 to…
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24 August
BPF calls for business rates reform
The British Property Federation (BPF) has called on the government to set out a roadmap to annually revalue business rates in a bid to avoid “crippling” high streets, citing that a business rates reform is “long overdue”. It comes as the government’s Business Rates Revaluations Consultation, proposing to introduce more…
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23 August
Currys PC World launches new flexible mobile offering
Currys PC World has announced the launch of its new mobile offering shopping experience, which aims at allowing customers to “take control” when purchasing a mobile plan, device, and accessories. The new offer is rooted in enabling customers to create a flexible approach to mobile ownership, with consumers able to…
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