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.
-
Aug- 2021 -23 August
UK rejects industry demand for EU truck driver visa
The government has reportedly rejected calls to install temporary visas which would allow HGV drivers from the EU to help alleviate the current shortfall of drivers in the UK. According to the Financial Times, ministers rejected the idea put forward by two industry bodies but have backed calls to increase…
Read More » -
23 August
Morrisons eyes ex-Tesco boss Terry Leahy as chairman
Morrisons is reportedly considering appointing former Tesco boss Sir Terry Leahy as its next chairman if a £7bn takeover bid from Clayton Dublier and Rice (CD&R) is successful. According to The Telegraph, Leahy, who is also a senior advisor to CD&R, is being considered for the role due to his…
Read More » -
23 August
Gerry Weber appoints first female CEO
Gerry Weber has announced that it has appointed its first female CEO Angelika Schindler-Obenhaus to the group. Schindler-Obenhaus succeeds Alexander Gedat who took over the role on an interim basis in February 2020. She has been a member of the managing board since August 2020 and now forms a dual…
Read More » -
23 August
Asos hunts for fifth warehouse to improve delivery capacity
Asos is reportedly planning to open a fifth warehouse in continental Europe in a bid to improve its home delivery capacity, according to The Telegraph. The online giant is said to have told investors of the plan this month, and is reportedly in the “early planning stages” of setting up…
Read More » -
20 August
M&S ups full-year guidance as revenues rise 10%
Marks and Spencer has seen an upturn in its profit outlook during the 19 weeks up to 14 August, and now predicts an adjusted profit before tax for the year to be above the upper end of previous guidance of £300-350m. The retailer said it comes as food revenues increased…
Read More » -
20 August
Asda to stock Missguided brand through new partnership
George at Asda has launched a partnership with online fashion brand Missguided that will see the brand be sold in 100 stores and online via George.com. As of 16 August, the retailer now offers a selection of dresses, blouses and co-ords in stores as part of George’s wider strategy to…
Read More » -
20 August
Morrisons accepts £7bn offer from CD&R
Morrisons has revealed it has accepted a new £7bn offer from US private equity firm Clayton, Dubilier and Rice (CD&R). In a statement, the big four grocer revealed it had accepted the deal which values the business at 285p per share, an increase of 13p per Morrisons Share and £332m…
Read More » -
20 August
Retail sales growth slows in July
Retail sales volumes fell by 2.5% between June and July 2021, as rainy weather and last month’s ‘pingdemic’ dampened demand from consumers. Nonetheless, sales were still up by 5.2% in the three months to July against the previous three months, and 5.8% higher than their pre-pandemic February 2020 levels, according…
Read More » -
19 August
Highland Spring Group chief exec Les Montgomery to step down
Highland Spring Group have announced today that Les Montgomery has decided to retire from his full-time role as chief executive. He will become a non-executive director of the company from the end of this year. Chief commercial officer, Simon Oldham and chief operating officer, Mark Steven will step up to…
Read More » -
19 August
M&S launches food range in 150 new countries
M&S has announced a partnership with worldwide export platform British Corner Shop, enabling customers in over 150 countries to purchase its food range for the first time. Through British Corner Shop’s export platform, customers from the United States to Australia will be able to purchase a tailored M&S food range…
Read More »
