News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Oct- 2021 -21 October
Boots to hire 5,500 Christmas staff
Boots has announced it will hire 5,500 seasonal roles as the retailer prepares for the busy Christmas shopping period. The recruitment drive includes up to 4,000 Boots Christmas customer advisor roles available at stores across the UK, and over 1,000 roles available for Christmas warehouse operatives and picker packers at…
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21 October
Supermarkets urged to set targets on plant-based food sales, says TFF
The Food Foundation (TFF) has announced the urgency with which food businesses need to start transparently reporting on plant-based foods. The Planting Up Progress report revealed only two major supermarkets report on animal versus plant-based protein sales. According to TFF, investors and the government need to demand “accurate and regular…
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20 October
Matalan revenues up 2.6% despite supply chain issues
Matalan has revealed its revenues increased by 2.6% to £264.7m during the 13-week period ending 28 August 2021. The retailer reported revenue in the second quarter of £264.7m, up from £258m year on year, with pre-tax profits of £11m up from a loss of £24m for the same period of…
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20 October
UK Inflation falls to 3.1% despite rising fuel costs
UK inflation fell slightly in September to 3.1% despite rising fuel costs, according to the latest figures from the Office of National Statistics (ONS). The figure is down from 3.2% in August but still remains much higher than the Bank of England’s target of 2%. The largest upward contribution to…
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20 October
Asda announces Christmas recruitment drive
Asda has announced it is recruiting 15,000 temporary colleagues for the festive season, and has confirmed the dates its festive home delivery slots go live. The supermarket is recruiting seasonal colleagues to fulfil a variety of different roles including serving customers, replenishing shelves, picking, packing and delivering online orders. Around…
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20 October
Burberry appoints new CEO
Burberry has announced the appointment of Jonathan Akeroyd as its newest CEO and executive director, effective 1 April 2022. He will succeed Marco Gobbetti who will step down from the role and leave the company on 31 December 2021. Akeroyd is currently the CEO of Milan-based Gianni Versace SpA, a…
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20 October
Morrisons shareholders give £7bn takeover green light
Morrisons has confirmed that its shareholders have approved its £7bn takeover by CD&R Bidco in a meeting held this week. An auction for the supermarket group was initially conducted on 2 October 2021, where CD&R Bidco bid 287p per Morrisons ordinary share, against a rival offer from Fortress, for 286p…
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19 October
IKEA UK joins sustainability partnership
IKEA UK has announced a new partnership with climate solutions charity, Ashden, for the ‘Let’s Go Zero initiative’, a coalition campaign which aims to support UK schools’ efforts to reduce their emissions and calls for government action on greening schools. The campaign will see IKEA UK help to target zero…
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19 October
Very Group reports record revenues of £1.87bn
The Very Group has revealed its saw sales surge 24.9% for the 52-week period ending 30 June 2021, driving revenues up 18.2% to £1.87b. Very customers increased 12.4% to 3.82 million, “boosting” group customers by 7.6% to 4.82 million. The retailer also reported profits before tax of £81.7m, up 68.8%…
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19 October
EG Group backs out of £750m Asda forecourt business deal
The owners of EG Group, who bought out Asda in a £6.8bn takeover, have revealed that they will no longer be acquiring the grocer’s forecourt business in a £750m deal. The Issa brothers Zuber and Mohsin, had previously agreed to purchase the supermarket chains petrol filling stations, car wash sites…
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