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 -14 July
Sainsbury’s recalls vegan lasagne due to ‘traces of meat’
Sainsbury’s has issued a product recall after it was discovered that one of its vegan food items contained meat. In a statement, the supermarket giant said that its store branded ‘Veg Butternut Squash and Lentil Lasagne’ was found to contain milk, pork and beef, despite not being stated on the…
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13 July
Seraphine successfully prices IPO at £150m
Seraphine Group, the digitally-led maternity and nursing brand, has successfully priced its IPO’s market capitalisation at £150.2m. Priced at 295 pence per ordinary share, conditional dealings in the company’s shares commenced on the London Stock Exchange at 8am on 13 July 2021. Some 20,677,011 new shares have been issued by…
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13 July
Amara appoints new chief technology officer
Online retailer Amara has announced that Matthew Butlin has been appointed to the newly created role of chief technology officer (CTO). With two decades of experience in managing technology, he specialises in building technological knowledge for “high growth, high revenue” companies. Typical platforms that he has worked on include cloud…
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13 July
Hotel Chocolat raises profit forecast amid sales boom
Hotel Chocolat has anticipated that its underlying pre-tax profit for FY21 will be “higher than its previous expectations” amid a period of rising sales for the group. The revised expectation comes as the retailer’s post-close trading update reported a revenue increase of 21% to £165m for the full-year ended 27…
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13 July
Superdrug revenues tumble 15% in FY20
Superdrug saw its group revenues decline 15% year-on-year to £1.11bn in FY20, despite being classed as an “essential retailer”. Profit before tax at the health and beauty retailer also plummeted 79% year-on-year to £18.8m for the 52 weeks ended 26 December 2020. During the period, the company benefited from £14.2m…
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13 July
UK retail sales jump 13.1% in June
Total retail sales in the UK increased by 13.1% in June, according to the latest BRC-KPMG retail sales monitor. On a like-for-like basis, the country’s retail sales rose by 17% from June 2019, with non-food reporting a like-for-like sales jump of 47%. In the nation’s high street stores, sales were…
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13 July
Sainsbury’s opens new site in Hamilton
Sainsbury’s has announced the opening of a new local store in Hamilton. The 2,300 sq. ft store will be open to customers from 7am-11pm Monday through to Sunday, and will sell a range of grocery goods as well as coffee from a self service machine. Sainsbury’s has said it is…
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13 July
British Land welcomes rising rent collection
British Land has announced that following the latest quarter date for rental payments on 24 June, it has recorded higher levels of rent repayment, with 85% of June 2021 rent collected to date. Retail rent collection hit 71%, 24% ahead of rent collection at the same point for the December…
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12 July
Cath Kidston appoints new CCO
Cath Kidston has announced that Suzanne Egleton has been appointed as chief commercial officer (CCO) in a newly created role for the brand that oversees all revenue channels of lifestyle retailers. Egleton is a seasoned digital leader with experience in global fashion and lifestyle brands, with her most recent roles…
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12 July
Lidl commits to carbon neutrality by 2022
Lidl has announced a range of climate initiatives, including plans to become carbon neutral by 2022. Revealed as part of wider commitments made by Schwarz Group, the supermarket chain also claimed it aims to reduce its operational emissions by 80% compared to 2019 levels across all countries it operates in…
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