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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Jun- 2021 -25 June
Co-op introduces flexible pregnancy loss policy
Co-op has announced the launch of a new pregnancy loss policy, centred around a flexible paid leave structure. Designed to support the group’s colleagues through bereavement and grief, the policy covers a range of cases, including but not limited to miscarriage, stillbirth, embryo transfer loss, molar pregnancy, and termination of…
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25 June
Lidl calls on developers to ‘help find potential sites’ for new stores
Christian Härtnagel, CEO at Lidl GB is calling on developers and landlords across the UK to “help find potential sites” to build Lidl stores. Härtnagel said the request demonstrates the “continued ambition” the discount retailer has to “expand” its store portfolio across the nation. The statement comes as Lidl revealed…
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24 June
Selfridges opens garden centre at flagship store
Selfridges London has revealed that its Accessories Hall and the store exterior on Duke and Orchard Streets has been transformed into a garden centre as part of its “Good Nature”, creative theme for 2021. The garden centre sells gardening tools, seeds, indoor and outdoor plants and pots, as well as…
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24 June
Poundland wins £2.15m HMRC VAT case
Poundland has won a £2.15m VAT case against HMRC regarding a stock adjustment dispute on the group’s switch from the old bespoke retail scheme. For businesses that earn an annual turnover of at least £100m, such as Poundland, it is necessary for a bespoke retail scheme to be agreed with…
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24 June
Lyle & Scott to open its first London store
Menswear brand Lyle & Scott has announced it is to open its first store in the UK, located at Wembley Park’s London Designer Outlet. The heritage label will occupy more than 800 sq ft in the fashion and lifestyle outlet centre, which will be the fashion retailer’s only outlet store…
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24 June
Seraphine confirms plans for £61m IPO
Maternity brand Seraphine has confirmed its upcoming float on the London Stock Exchange in an IPO that is expected to raise roughly £61m through newly issued shares. The float will also include sales shares sold by existing shareholders at the firm, including executive directors. The company plans to free float…
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24 June
Nobody’s Child opens new London site
Nobody’s Child, a responsible women’s clothing brand, has opened a new site on 50 Carnaby Street, London. The new store offers customers the brand’s complete spring/summer collection, including dresses, loungewear, and swimwear. In addition, customers can also shop a “curated collection” of independent labels including Every Nook, Ammé, and LØCI.…
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24 June
Usdaw urges gov to accept new worker protective measures
The Union of Shop, Distributive and Allied Workers (Usdaw), retailers, and trade bodies are standing together, calling on the prime minister to accept that legislation is needed to protect the UK’s three million retail workers. The news follows the government’s recent rejection of the calls with it being urged to…
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24 June
Poundland owner revenues up 9% in H1
Pepco Group, the owner of Poundland, has welcomed a “positive trading performance” in its H1 results, reporting total revenue growth of 9%. Its trading stores saw a like-for-like growth of 5%, which was consistent with the past three years’ performance pre-pandemic. Group like-for-like sales fell by 2.1%, however, reflecting the…
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24 June
69% of young shoppers ‘shop and drop’ online, research finds
Around 69% of consumers aged between 18-24 “shop and drop” online by abandoning their shopping baskets mid-purchase, according to Barclaycard Payment’s latest research. This has resulted in retailers missing out on £6.5bn from Generation Z shoppers, compared to a £3.5bn loss among the over 65s. According to Barclaycard’s survey of…
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