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 -6 August
Matalan to create 200 jobs as part of Kickstart scheme
Matalan has announced that it will be creating over 200 placements across its business to assist young people in gaining long-term employment. The retailer will be taking part in the government’s £2bn Kickstart scheme, designed to support employment for 16 to 24-year olds by offering them industry qualifications and work…
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6 August
Sainsbury’s opens new site at York railway station
Sainsbury’s has announced the opening of its newest store, located in York railway station. The group said the store will offer customers a “wide range” of grocery and household products as well as a self-service Costa coffee machine. The store is the second Sainsbury’s Local to open in York this…
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6 August
Hammerson to redevelop empty retail units for new purposes
Hammerson has announced that it is looking to redevelop its empty retail units, with a medium to long-term view of using them for alternative uses, such as residential, hotels or workspaces. The landlord said there are opportunities to “reinvigorate the assets and grow revenue by filling void units, generating additional…
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5 August
Astley Clarke to open flagship London store this Autumn
British jewellery brand, Astley Clarke has announced that it will debut its first UK flagship store at Seven Dials’ Monmouth Street, London, this Autumn. Spanning just over 900 sq ft, the jeweller’s first bricks and mortar home will stock fine and demi-fine elevated jeweller. Founded in 2006 by Bec Astley…
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5 August
Adidas raises FY guidance amid 51% Q2 revenue growth
Adidas has reported a 51% year-on-year growth to group revenues of €5.08bn (£4.33bn) in the second quarter of FY21. The group also saw a return to a net income of over €387m (£330m), up from Q2 FY20’s €243m (£207m) net losses. In turn, the multinational company has increased its top…
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5 August
John Lewis ‘angered’ over Gov’s ‘named and shamed’ wage list
The John Lewis Partnership (JLP) is reportedly angered over being included on the government’s “named and shamed” list for flouting minimum wage rules by The Department for Business (BEIS). According to Sky News, JLP has been included on the list for an already disclosed issue relating back to 2017 which…
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5 August
ScS ‘encouraged’ by strong trading
ScS has been “encouraged” by a period of strong trading in FY21, despite stores being closed for 17 weeks of the period, with its full year like-for-like order intake down by only 6.5% on 2019. The group said that when stores have been open, performance has been “encouragingly” strong, with…
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5 August
Mike Ashley confirms plans to step down as head of Frasers
Mike Ashely has confirmed that he will step down as head of Frasers Group, as the business revealed its most recent full year trading profits, which showed a 84.1% decrease in pre-tax profits due to Covid-19. The group which owns brands such as Jack Willis and Evan Cycles said that…
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5 August
Wickes appoints new technology chief
Wickes has announced that it has appointed Mohamed El Fanichi as chief information technology officer (CITO), effective from September 1. This newly created role follows the demerger of Wickes from Travis Perkins in April. El Fanichi will report directly to CEO David Wood and be a member of the Wickes…
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5 August
Next store staff step closer to equal pay victory
Next has conceded that it can compare the roles of its store workers and distribution centre and warehouse employees, bringing the workers’ equal pay claims one step closer to success. Over 400 Next staff members brought the case against the retail group, stating that shop floor work is equally as…
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