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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Jul- 2021 -27 July
Moonpig sees revenues double in FY21
Moonpig has seen its full-year revenues more than double, soaring by 113% to £368.2m in the year ended 30 April 2021, up from £173.1m the previous year, as it delivered 50.9 million orders over the period as customers increased their spending over lockdown. EBITDA also more than doubled in the…
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27 July
Superdry opens new flagship store on London’s Oxford Street
Superdry has announced that it has agreed a deal to open a global flagship store on London’s Oxford Street this Autumn. The store is located at 360 Oxford Street, close to Selfridges and adjacent to the new Bond Street Crossrail station, which is due to open in early 2022. Totalling…
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26 July
Skechers Q2 sales spike 127% to £1.2bn
Skechers has reported a 127.3% year-on-year increase in sales to $1.66bn (£1.2bn) for the three months ended 30 June 2021. The global footwear company’s record quarterly sales also represented a 31.7% jump from Q2 2019. The quarter also saw a return to net profit at the group, rising from a…
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26 July
Asda adds to its refillable range in Leeds store
Asda has revealed that it has added more than 50 new product lines to its refill zone at its flagship sustainability store in Middleton, Leeds. The supermarket has partnered with consumer brands including Coca Cola, Yorkshire Tea, Napolina, Tilda, Mars and Kellogg’s to bring the new product lines to store…
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26 July
Lorry drivers set for nationwide strike next month
Lorry drivers across the UK are reportedly planning a nationwide strike in light of poor working conditions, in a move that could further disrupt supply chains and lead to food and goods shortages. According to The Observer, the “stay at home” strike is now set for 23 August, and has…
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26 July
Selfridges up for sale as Weston family begins £4bn auction process
The Weston family, the owner of Selfridges, has reportedly started a formal auction process to find a buyer for the department store. According to The Times, the Weston Family has appointed advisors Credit Suisse to handle the distribution of information memoranda to help encourage prospective buyers with aims to complete…
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26 July
Bira backs ‘Shop Out to Help Out’ scheme
The British Independent Retailers Association (Bira) has said it will back a new campaign launched by Refundable, a consumer membership brand, to introduce a ‘Shop Out to Help Out’ scheme. According to the group, the campaign, similar to the Eat Out to Help Out scheme launched last summer for the…
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26 July
Waitrose expands Shell partnership
Waitrose has revealed that up to 800 Shell electric vehicle charging points will be installed in as many as 100 stores across the UK by 2025. As part of the retailer’s plans to grow the partnership, the companies have also reached an agreement to increase the number of Shell Select…
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26 July
Pepco to create 13,000 European jobs
Pepco Group, the owner of discount retailers Poundland and Dealz, has revealed plans to add 13,000 staff members across its European operations over the next three years. Andy Bond, chief executive at the group, told Reuters that the majority of jobs would come on the continent as Pepco looks to…
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23 July
Homebase to create 300 jobs for young people
Homebase has revealed that it is creating 300 jobs for young people across the UK as the first home and garden retailer to take part in the government’s new Kickstart Scheme. The scheme gives people aged 16-24 the chance to learn new skills, gain “real life” work experience and build…
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