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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Sep- 2021 -29 September
Morrisons staff win first round of equal pay legal battle
Thousands of store workers at Morrisons have won the first decision in their legal for equal pay after an employment tribunal ruled their roles can be compared to their colleagues in distribution centres. The case comes after over 2,000 mostly female store worker staff from Morrisons, represented by law firms…
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29 September
Retail leaders join Pennies to strengthen micro-donation push
Some 40 leaders from across retail, hospitality, payment, and technology have announced a new partnership with Pennies to help strengthen the micro-donation movement. It revealed Pennies is an “award-winning” fintech charity with a mission to “protect and grow” micro-donations ensuring the public has digital ways to donate. Over the last…
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29 September
Lego operating profit soars 104%
Lego has revealed an operating profit for the first half of the year of DKK 8bn (£929m), an increase of 104% compared to H1 2020. Revenue for the period grew 46% to DKK 23bn (£2.7bn) compared with the same period in 2020, while consumer sales grew 36%, outpacing the toy…
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29 September
Quiz sees FY21 losses widen to £9.6m
Fashion retailer Quiz has seen its losses widen to £9.6m for the year ending 31 March 2021 compared with a previous year’s loss of £3.1m. Revenue also dropped by 66.4% to £39.7m from £118m in 2020 and reflects the impact of the prolonged lockdowns and curtailment of social occasions through…
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29 September
Next raises guidance but warns of staff shortages
Next has raised its full-year guidance following a strong performance in its half-year results, and now expects its profit-before-tax to be £800m, up 6.9% against 2019, £36m ahead of its previous guidance of £764m. The group also anticipates its full price sales guidance for the rest of the year to…
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28 September
EG group acquires 52 KFC restaurants
The Issa Brothers’ EG group has announced the acquisition of 52 Kentucky Fried Chicken (KFC) restaurants in the UK from Amsric group for an undisclosed sum. It revealed the acquired network, across the south and south-west regions, comprises more than 1,600 team members and a mix of “high-quality” drive thru…
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28 September
Moonpig ups full-year guidance amid ‘strong’ trading
Moonpig has announced it is raising its revenue guidance for FY22 amid a period of “strong” trading, and now expects to report between £270m and £285m in revenue for the period. In the latest update on its performance from 30 April 2021 to date, the group said that trade remains…
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28 September
Card Factory narrows H1 losses to £6.5m
Card Factory has announced that it has narrowed its pre-tax losses for the six-month period ending 31 July 2021 to £6.5m, up from losses of £22.2m the prior year. Revenue for the period grew by 16.3% to £116.9m up from £100.5m in 2020, and was boosted by the group’s transactional…
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28 September
Return to offices boosts city footfall
Footfall across UK retail destinations rose by +2.7% last week from the week before, rising by +3.7% in high streets, +2.3% in shopping centres and +0.9% in retail parks. A return to offices saw a particular boost in activity, as footfall in central London and large city centres outside of…
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28 September
Asos to create 180 jobs with new £14m Tech Hub
Asos has announced it is to invest £14m in a new Tech Hub in Belfast and create 184 new jobs over the next three years. The new Belfast hub will be operational in early 2022, with 52 dedicated roles in the first year, growing to 184 by 2024, with recruitment…
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