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 -22 September
Aldi to roll out community donation points in stores nationwide
Aldi has revealed that it will be rolling out new community donation points in stores nationwide to help support those in need this October. Stores will feature donation boxes near the packing benches in stores for customers who wish to donate any food or household products, regardless of where they…
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22 September
Yoox Net-A-Porter doubles global inventory capacity
Yoox Net-A-Porter has opened a new single hub in Italy that will help to serve all of its Net-A-Porter and Mr Porter’s global customer base, doubling the stores’ existing inventory capacity. Located in Landriano, near Milan, Yoox Net-A-Porter said the new €47m (£40m) distribution centre represents one of its “most…
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22 September
Abercrombie & Fitch opens Regent Street store
Abercrombie and Fitch has announced it is opening a new store located at 150 Regent Street, in the heart of London’s busiest shopping district. Amenities include fitting rooms containing adjustable lighting and music controls, a phone charging dock, and buttons for customers to alert associates. The store will also offer…
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22 September
Pret unveils £100m expansion plan despite losses
Pret A Manger has unveiled plans to double the size of its business within the next five years, as it looks to expand into five new markets by the end of 2023. In addition, the group plans to open around 200 new UK stores over the next two years alone,…
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22 September
Superdry partners with Oxfam on sustainability drive
Superdry has announced that it will be partnering with Oxfam to offer ‘Give Back’ boxes in stores to donate pre-loved clothes as part of its sustainability initiatives. The scheme will be initially piloted in 22 UK stores, plus access for Superdry staff at HQ. Once the clothes have been donated,…
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22 September
Vestiaire Collective completes £154m funding round
Vestiaire Collective, the global pre-owned fashion platform, has announced the completion of a $210m (£154m) funding round. Led by Softbank Vision Fund 2 and Generation Investment Management, the investment was also backed by existing shareholders Bpifrance, Condé Nast, Eurazeo, and funds managed by Fidelity International and Korelya Capital. Following the…
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21 September
Asda launches first refill store in Scotland
Asda has announced that it has introduced its first refill store in Scotland as part of its drive to reduce plastic and help customers shop more sustainability. The supermarket has partnered with household brands including Kellogg’s, Napolina, Yorkshire Tea and Unilever, to introduce over 60 products sold loose and unpackaged…
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21 September
Aldi to trial its first checkout-free store in London
Aldi has announced it is trialling new checkout-free technology at one of its London stores. It said the technology is designed to allow customers to scan a smartphone app to enter the store, pick up their shopping, and simply walk out without the need to pay at a till. Shortly…
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21 September
M&S invests £20m in technology fund amid digital push
Marks and Spencer has committed over £20M to a technology fund managed by True, as the retailer aims to continue it’s push towards a digital-first business. Marks and Spencer has worked with True since 2018, however this represents the first significant financial commitment, with its latest fund aiming to raise…
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21 September
Home DIY boosts Kingfisher H1 profits to £677m
B&Q owner Kingfisher, has revealed that for the six months ending 31 July 2021, statutory pre-tax profits increased 70.6% to £677m from £398m the previous year. Total sales during the six-month period also increased by 19.9% to £7.1bn from £5.92bn in 2020 and was driven by strong demand for home…
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