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 -13 August
McColl’s H1 losses widen to £2.1m
McColl’s Retail Group, the convenience shop and newsagent operator, saw its losses before tax widen to £2.1m for the 26-week period ended 30 May 2021, up from H1 FY20’s £500,000 losses. The company also reported a 5.3% year-on-year fall to total revenues of £572.7m in H1 FY21. McColl’s claimed that the…
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13 August
Dixons Carphone launches campaign for 7.5t drivers
Dixons Carphone has announced a nationwide campaign to recruit, retain and retrain 7.5t drivers across the UK. It comes as a response to the current industry-wide shortage of drivers, and will see the group offer a sign-on bonus of £1,500 to new 7.5t drivers as well as paying a £1,500…
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12 August
Screwfix Launches Rapid Delivery Service
Screwfix is to launch a rapid delivery service called screwfix sprint that will deliver orders direct to site within 60 minutes. Following a successful trial, Screwfix will begin to roll-out the service, which will “meet the growing demand for speed and convenience from Britain’s tradespeople and DIY customers”. The latest…
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12 August
Gerry Weber sees H1 sales fall 23.4% to £91m
Women’s fashion brand Gerry Weber saw group sales fall 23.4% year-on-year to €107.7m (£91.2m) in H1 FY21. Gross profits at the group also declined 18% to 67.3m for the six month period, compared to H1 FY20’s €81.6m (£69.1m). However, due to lower costs in the period, the fashion retailer reduced…
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12 August
The Midcounties Co-op to tackle food poverty with local partnerships
The Midcounties Co-operative has announced that it has partnered with three local councils to help feed more than 7,000 children over the summer holidays as part of its mission to tackle food poverty. The society has joined forces with Dudley CVS and Dudley MBC, Walsall Council and Shropshire Council to…
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12 August
Pret a Manger staff to consider strike action over pay cuts
Pret a Manger staff are reportedly considering strike action after the temporary reduction in pay they suffered during the lockdown period was going to be made permanent. According to The Guardian, staff were told the reductions that were first installed last year, including not being paid for breaks and service…
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12 August
Bestseller announces three new investments
Bestseller, the owner of clothing brands such as Jack & Jones, Vero Moda and Vilahave, announced they will be working with three new businesses, Circular Systems, Nature Coatings and Evrnu. It follows the launch of its innovation platform Fashion FWD Lab at the end of 2020 when Bestseller team up…
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12 August
Retail best industry for UK start-ups, research finds
Retail has been named as the UK’s best industry for start-ups, according to new research from cloud accounting company Ember. It found that retail trade, with the exception of motor vehicles and motorcycles, ranked first after scoring highly in a number of key indicators for business success. The research used…
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12 August
B&M to appoint Paula Makenzie as non-exec director
B&M European Value Retail has announced that Paula MacKenzie is set to join the group’s board as a non-executive director. Effective 9 November 2021, MacKenzie will serve within both the audit and risk and nomination committees at the variety retailer. MacKenzie has spent the last decade working a number of…
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12 August
Boohoo to create 5,000 new jobs over five-year period
Boohoo Group has outlined plans to create 5,000 new jobs off the back of a £500m investment programme across the UK over the next five years. The investment will help the company continue with its growth since launching 15 years ago, expanding from a single brand in 2006 to a…
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