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 -12 October
Retailers plan increased store space despite business rates challenge
Mid-market retailers are set to invest in more physical stores over the next two years in a bid to increase their store space and focus on the in-store customer experience, new research from RSM has found. Its latest survey revealed that 58% of physical retailers plan to increase their retail…
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12 October
Grocery sales dip 1.2% as fuel shortage limits visits
Take-home grocery sales fell by 1.2% over the 12 weeks to 3 October 2021, as the reduced availability of petrol saw shoppers limit the number of trips to supermarkets, according to the latest figures from Kantar. Despite this dip, sales remain 8.1% higher than they were before Covid-19 and every…
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12 October
Tesco to appoint 30,000 Christmas workers
Tesco has announced it will recruit 30,000 temporary workers during the festive period. The grocer said half of those roles have been filled by temporary colleagues who joined Tesco during the pandemic and have had their contracts extended to cover Christmas. The UK-wide roles, in Tesco’s Superstores and Extra stores,…
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11 October
Poundland owner names new chief operating officer
Pepco Group, the owner of budget retailer Poundland, has announced the appointment of Trevor Masters as the group’s chief operating officer (COO), effective from 1 January 2022. Masters will be based in Poland and retain his current leadership responsibilities as managing director (MD) as well as providing “strategic direction and…
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11 October
PM appoints ex-Tesco CEO Dave Lewis as supply chain adviser
The prime minister has appointed Sir David Lewis, former CEO of Tesco, as the UK Government’s supply chain adviser. The government said Lewis brings with him a “wealth of industry knowledge” and expertise to the new role. He will advise the PM and chancellor of the Duchy of Lancaster on…
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11 October
Asos CEO steps down amid profit warning
Asos has announced that Nick Beighton will step down as CEO of the business after 12 years, as the group warned that ongoing supply chain issues may hit its profit in FY22. In a series of changes to the board, Mat Dunn, currently CFO, will take on the additional role…
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11 October
Christmas footfall predicted to remain 17% below 2019 levels
Footfall across UK retail destinations will average -17% lower than in 2019 over the six week Christmas trading period from November 21 to January 4, continuing the current trajectory seen in September with footfall down -17.4%, according to a forecast by Springboard. It projects Black Friday will be more popular…
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11 October
Consumer confidence hits lowest level this year
Consumer confidence has returned to pre-pandemic levels, but still hit its lowest point in 2021 following “record” highs earlier this year, according to PwC’s latest consumer confidence index. While inflation, ongoing concern over supply chains and empty shelves caused a slight decline in optimism, consumer confidence was +3 on the…
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8 October
Asos launches new policies to provide support for employees
Asos have announced the launch of a new package of policies, set to provide support to its colleagues for health-related life events. Some of the policies include: ten days paid leave for employees who have suffered a pregnancy loss; 5 days per cycle for colleagues and partners undergoing fertility treatment;…
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8 October
N Brown Group H1 profits hit £28.2m
Jacamo owner, N Brown Group, saw its pre-tax profits hit £28.2m for the six-months ended 28 August, rising from a profit of £14.1m the previous year, thanks to an ongoing strategic transformation in the period. Group revenue dropped slightly to £346.8m from £347.2m in 2020 as a result of Covid-29…
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