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 -16 August
Issa brothers eye retail veteran Ian McLeod as Asda chief
Asda owners, the Issa Brothers, are reportedly considering former Halfords boss Ian McLeod as the supermarket chain’s new chief executive. According to The Sunday Times, Asda has already held talks with McLeod who is currently the chief executive of Asian retailer Dairy Farm International. McLeod also has previous experience of…
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16 August
CD&R looks to counter Fortress bid for Morrisons
Clayton Dubilier and Rice (CD&R), an American private equity company, is believed to be gearing up to place a counter bid on rival Fortress’s £6.7bn offer for Morrisons before its deadline on Friday (20th August). According to The Times, Clayton Dubilier and Rice will have to raise its bid to…
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16 August
Pret to create 2,000 new roles through expansion
Pret A Manger is reportedly planning to open up to 100 new shops across the UK, in a move that is set to create around 2,000 new jobs. According to the Sunday Times, the chain is set to open up the new sites with the help of its franchisees. The…
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16 August
Jack Wills founder to relaunch Aubin with Next support
The founder of Jack Wills is reportedly set to relaunch the menswear brand Aubin in partnership with Next. According to The Times, Peter Williams’ Jack Wills “offshoot” will begin trading through its first new high street shop in Soho, while also selling online. Next will take a 33% stake in…
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16 August
UK retail sales to grow 12% amid back-to-school boost
UK retail sales are expected to grow 12% during the 16 August to 19 September back-to-school period compared with the same period in 2019, according to Mastercard SpendingPulse. Year-on-year sales are also expected to grow 6.7% compared with 2020. This anticipated growth builds on “positive retail momentum”, as total retail…
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13 August
Harrods to remove plastic carrier bags
Harrods has announced plans to remove all plastic carrier bags from across its stores from next month. The announcement forms part of Harrods’ wider plastic reduction strategy. The luxury department store said the bags would be replaced with a sustainably-sourced paper carrier bag made from 40 per cent recycled materials,…
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13 August
UK charities turning to selling online to ‘plug’ funding gap, report finds
UK charities are turning to online shop sales to help plug a large funding gap in the wake of the pandemic, according to data from the Charity Retail Association (CRA). The data found that the average charity shop in the UK lost over £33,000 in income when high streets closed…
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13 August
Bestway names Tim Fairs director of marketing
Bestway Wholesale has announced the appointment of Tim Fairs as director of marketing in the group’s retail arm. In the role, Fairs will be responsible for supporting strategic growth and innovation across Bestway Retail’s operations. Reporting to Kenton Burchell, trading director at the company, Fairs will be tasked with leading…
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13 August
Adidas sells Reebok to ABG for £1.75bn
Adidas has agreed a deal to sell Reebok for up to €2.1bn (£1.75bn) to American clothing brand Authentic Brands Group (ABG). Adidas first purchased the rival sports brand in 2006, in a £2.7bn deal, which also included the Rockport, CCM Hockey and Greg Norman brands. However, these brands were later…
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13 August
Homebase returns to Bradford with new store set to open
Homebase has announced its return to Bradford with a new store set to open at Enterprise 5 Retail Park later this year. The 34,500 sq ft store and 10,000 sq ft garden centre will feature home and garden products alongside paint and wallpaper as well as home furniture and accessories.…
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