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 -19 July
Sephora agrees £132m Feelunique takeover deal
French cosmetics group Sephora has reportedly agreed a takeover deal with Jersey-based beauty retailer Feelunique for £132m. According to ITV News, the deal will include Feel Unique’s online arm as well as its three Channel Islands stores. The deal marks an expansion into the UK by the LVMH owned cosmetics…
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19 July
Tesco launches new charity scheme with FareShare
Tesco has launched a new UK-wide scheme, which will allow customers to provide free meals to children in need. The store’s ‘Buy One to to Help a Child’ initiative will see the group make a donation to FareShare, a charity network aimed at relieving food poverty in the UK, every…
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16 July
M&S extends activewear brand range
M&S has announced that it is launching the latest product range for its activewear brand Goodmove which will be supported by a new customer campaign. The brand was first launched at the beginning of 2020 and has since expanded into both mens and kids wear at the beginning of 2021.…
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16 July
Uniqlo lowers FY forecast amid Q3 ‘shortfall’
Fast Retailing, the owner of Uniqlo, has lowered its full year forecast due to a “shortfall” in its Q3 results. The group saw revenues rise 9.9% year-on-year to ¥1,698bn (£11.2bn), and gross profit increase by 14.4% to ¥859bn (£5.65bn) during the first three quarters of FY21. Nevertheless, the company revised…
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16 July
Liberty London swings to £12.6m loss in FY21
Liberty London has swung to a management EBITDA loss of £12.6m for the 52 weeks ended 30 January 2021, following profits of £14.4m the previous year. While the group’s Great Marlborough Street flagship was closed for almost six months during the financial year, Liberty claimed that its online operations “benefitted…
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16 July
Eve Sleep revenue rises 13% in H1
Eve Sleep has announced that for the six months ended 30 June 2021, group revenue increased 13% to £13.9m, up from £12.2m the previous year. The growth was primarily seen through its online sales, with a “softer” performance from retail partners, reflecting lockdown restrictions over the first quarter as well…
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16 July
Burberry sales rebound in Q1
Burberry has welcomed a “strong” rebound in trading during its first quarter, as revenue soared by 86% to £479m in the period ended 26 June, 2021. Comparable store sales rocketed 90% against last year and by 1% against 2019, as sales across the business returned to pre-pandemic levels. Within these…
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16 July
Poundland owner welcomes ‘resilient’ trade in Q3
Pepco, the owner of Poundland, has welcomed a period of “resilient trading” in its third quarter, with the group revealing a like-for-like sales increase of 37.3% and 21.1% respectively for both its Pepco and Poundland brands. Total group revenue also increased 30.3% over the same period, rising to €1.043m (£8.9m). …
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15 July
Sainsbury’s encourages use of face coverings in stores
Sainsbury’s has confirmed that it will still encourage customers to wear face coverings inside the stores despite the lifting of restrictions on Monday 19 July 2021. Colleagues will also be encouraged to wear a face covering, unless they are behind a screen. In addition, the group said that all of…
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15 July
Burberry non-exec director Dame Carolyn McCall resigns
Burberry has announced that Dame Carolyn McCall is set to retire as a non-executive director at the company. McCall will step down from her role on the board following the close of the financial year on 2 April 2022. Currently the chief executive at ITV, McCall, has also served a…
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