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 -9 August
Aldi to create more than 2,000 roles before Christmas
Aldi is set to create more than 2,000 new jobs across its UK business between now and Christmas. It comes as the group, which currently has over 920 stores and employs around 38,000 people, said it was “pushing ahead” with plans to open more than one new store a week…
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9 August
Morrisons gives CD&R more time to launch rival offer
Clayton, Dubilier and Rice (CD&R) has been given more time to launch a rival offer for Morrisons. The supermarket asked the UK Takeover Panel, which regulates market activity, to give CD&R more time following the news that rival private equity firm Fortress Investment Group had upped its offer to £6.7bn. …
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9 August
Sainsbury’s ends advertising campaign with GB News
Sainsbury’s has announced it will no longer advertise on GB News after facing an online campaign led by activist group Led By Donkeys. The group ran a series of campaigns and posted a viral social media video that gathered more than 2.5 million views in a bid to put pressure…
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9 August
McColl’s plots £30m capital raise
The McColl’s convenience store chain has said it is considering undertaking a capital raise fund to accelerate the expansion of its partnership with supermarket Morrisons. The group made the announcement today (9 August) after Sky News reported over the weekend that McColl’s had approached institutional investors regarding a potential share…
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9 August
Kirkstall Bridge shopping park sold for £25.2m
LondonMetric Property has announced that it has sold its retail park, Kirkstall Bridge shopping park, for £25.2m to a UK institutional investor. The 120,000 sq ft shopping park was originally developed by the group in 2015 after acquiring the site in 2011. Following the recent re-letting of a 21,000 sq…
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9 August
Levi Strauss acquires Beyond Yoga
Levi Strauss and Co (Levi’s) has announced the acquisition of premium athletic and lifestyle apparel brand Beyond Yoga for an undisclosed cash consideration. Following the expected close of the deal in Q4 FY21, Beyond Yoga will be brought to more consumers via brick and mortar retail, gender and category growth,…
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6 August
Morrisons agrees to raised £6.7bn Fortress takeover offer
Morrisons has announced that it has reached an agreement with Fortress Investment Group for a revised takeover offer worth £6.7bn. The increased offer of 270p per share plus 2p in special dividend represents an increase of approximately £400m to Fortress’ original offer value. In a statement, the supermarket stated that…
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6 August
Asda chief Roger Burnley completes early resignation
Asda has announced that Roger Burnley has stepped down from his role as chief executive at the group following its £6.8bn EG Group and TDR Capital takeover. While Burnley had been due to leave his post in 2022, the process has been accelerated “following completion of a transition period” under…
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6 August
Scottish footfall remains subdued
Figures provided by the Scottish Retail Consortium (SRC) and Sensormatic IQ data. show footfall for retailers is down 27.1% in July on the same month in 2019. Scottish shopping centre footfall declined by 34.1% in July, while footfall in Glasgow was down 26.1% compared to the same month in 2019.…
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6 August
Footfall stalls due to ‘turbulent’ July weather, says BRC
Total footfall across the UK declined 28% for the four weeks to 31 July 2021 when compared to the same period in 2019. According to the British Retail Consortium’s (BRC’s) sensormatic IQ data, the figure sits below the three-month average of a 27.7% fall. The drop has been attributed to…
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