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 -23 June
John Lewis expands furniture rental services
John Lewis has announced that starting next month, it will be expanding its first furniture rental service, doubling the range to offer over 200 lines. The news follows the retailer’s successful trial last year and builds on the existing partnership with Fat Llama. The expanded range will offer over 200…
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23 June
Reformation to launch Covent Garden flagship
Sustainable fashion brand Reformation has agreed terms to launch a new London flagship store in Covent Garden. Opening at 27 King Street, the retailer’s latest flagship store follows from its first London site which opened in August 2019. Reformation was founded in 2009, and acts water, waste, and carbon neutral…
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23 June
M&S to focus on equality with new lingerie line
Marks and Spencer has announced the launch of its new ‘Nothing Neutral About It’ lingerie range. The new range is part of the retailer’s mission to be more inclusive in the lingerie space, which it says was fuelled by the “global conversation on racial inequality, following the horrific death of…
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23 June
Superdry to relocate Regent Street flagship
Clothing retailer Superdry is to relocate its London flagship store on Regent Street after agreeing to surrender its lease early. First reported by Drapers, Superdry exited its flagship, which it has inhabited since 2011, earlier this month and is now looking for a new site. Superdry is said to be…
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23 June
Joules expects FY21 profits to beat expectations amid sales boost
Joules has anticipated FY21 pre-tax profits to range between £5.5m and £6.5m, making it slightly ahead of its current market expectations of £5.2m to £5.3m. The news follows the retailers’ recent trading update for the financial year ended 30 May 2021, which saw revenue increased by 4% to approximately £199m…
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23 June
Inc Retail Group announces Tootsa MacGinty acquisition
Inc Retail Group, a part of Inc and Co, has reportedly announced the acquisition of children’s clothing brand Tootsa MacGinty for an undisclosed sum. According to Drapers, the newly formed Manchester group completed the takeover in a bid to bolster its core offering. The group added that the deal “further…
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23 June
Asda donates £30k to support Manchester apprenticeships
Asda has announced plans to donate £30k to small businesses across Manchester to help fund 60 apprenticeships in the area. The group is working with the Greater Manchester Combined Authority (GMCA) who is helping distribute an initial £300,000 to local businesses. An apprenticeship levy is paid by large businesses and…
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22 June
Travis Perkins Q1 merchanting sales grow 6.3% from 2019
Travis Perkins has announced that its merchanting segment saw total sales between April and May 2021 rise 6.3% when compared to 2019 levels. In a trading update, the group claimed that its strong Q2 performance was also driven by both the domestic and commercial repairs, and maintenance and improvement (RMI)…
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22 June
Footfall drops 3.1% following gov announcement
Footfall dropped 3.1% last week following the government’s announcement that the lifting of restrictions will be delayed until 19 July, according to the latest figures from Springboard. For the week beginning 14 June, footfall declined across all types of high streets across the country, with London being the hardest hit…
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22 June
Amara partners with Women for Women International
Online retailer, Amara has announced a new partnership with non-profit organisation, Women for Women International (WWI). WWI helps women survivors of war rebuild their lives, by enrolling them on a year-long training programme. Through the charity’s Stronger Women, Stronger Nations programme, women form supportive networks and learn life-changing skills, such…
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