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 -9 July
Sainsbury’s Leeds Colton site undergoes refurb
Sainsbury’s has unveiled its new look Leeds Colton supermarket following “months of refurbishment”. As part of the renovation work, the site has seen a new Argos, refurbished beauty department, patisserie counter and cafe created on site. In addition, the store’s chilled refrigeration cabinets and supporting infrastructure were also completely replaced…
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8 July
Boden secures new executive chairman
Retailer Boden has announced the appointment of Glen T. Senk as the newest executive chairman replacing Julian Granville. Senk was previously the chief executive of URBN, the listed company which includes Anthropologie, Free People and namesake Urban Outfitters. He has been a non-executive director of Boden for four years, he…
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8 July
Asos reduces per order emissions by 21%
Asos has revealed that it has cut operational carbon emissions per order by 21% year-on-year for FY20. The reduction follows the group’s successful implementation of its carbon 2020 strategy introduced in January 2020. FY20’s progress now means that the reduction in emissions per order at the online fashion retailer stands…
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8 July
Footfall jumps in first week of June but stalls amid restriction delay
Footfall across UK retail destinations continued to strengthen in June, moving to -22.2% below the 2019 level from -27.5% in May, the strongest result since the start of the pandemic, according to the latest monthly data from Springboard. However, Springboard revealed that the gains were “largely” made in the first…
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8 July
WH Smith to open 18 new stores across UK airports
WH Smith has announced that it will open 18 new technology and accessories stores across some UK airports, including London Heathrow, London Stansted, Manchester, London Luton, Birmingham and East Midlands. The stores will trade under the North American, InMotion brand with the group anticipating that the new openings will deliver…
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8 July
Watches of Switzerland revenues hit £905m in FY21
Watches of Switzerland has seen its revenue rise by 13.3% to £905.1m in the year ended 2 May, 2021, with revenue up by 17.9% against FY19. Over the same period, its pre-tax profit hit £63.7m, up from the £1.5m reported in FY20, while EBITDA rose by 34.9% to £105.4m. Despite…
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8 July
B&M Q1 revenues rise 3.1% to £1.2bn
Variety goods value retailer B&M has announced that total group revenues increased 3.1% year-on-year to £1.19bn for Q1 FY22. While one-year like-for-like (LFL) revenues fell 4.4% for the 13 weeks ended 26 June 2021, two-year LFL revenues spiked 21.3% at the firm. B&M UK comprised the largest proportion of group…
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8 July
HMV opens new site at St Johns Liverpool
St Johns Liverpool, the largest covered shopping centre in the city of Liverpool, has announced that HMV will open a new store in the site on 20 July. HMV will open on Williamson Square, joining over 100 other businesses within St Johns, such as JD Sports and Matalan. The store,…
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8 July
ITV set to launch shoppable TV
ITV has announced it is preparing to launch shoppable TV, which will allow viewers to discover and purchase items from its programmes directly on screen. This service is the first of its kind in the UK and is set to launch during Love Island on ITV2, with Boots UK as…
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7 July
Global retailers join race to zero climate campaign
H&M, IKEA’s owner Ingka Group, Kingfisher, and Walmart have joined forces to launch the “race to zero breakthroughs: retail campaign” climate initiative. The project is in partnership with the UN’s COP26 high level climate action champions, and is also supported by the World Business Council for Sustainable Development (WBCSD). The…
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