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 -21 June
Aldi to remove 1.4bn pieces of plastic in own-brand tea bags
Aldi has committed to removing approximately 1.4 billion pieces of single-use plastic from all its own-brand tea bags by the end of 2021 The supermarket will switch the oil-based plastic sealing of the tea bags to biodegradable materials, following a number of trials. In addition, the retailer will also remove…
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21 June
John Lewis faces criticism over third-party fees
Department store chain John Lewis has reportedly faced criticism from third-party brands for the fees it charges to stock their products. According to the Sunday Times, third party brands currently pay up to 50% of every sale to John Lewis in commission and fees. The paper also said that one…
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21 June
BPF slams gov’s commercial property rent moratorium extension
The British Property Federation (BPF) has come out against the government’s latest commercial property rent moratorium extension. Last week (16 June), the UK government announced a further extension of moratoriums on commercial property owners’ rights until March 2022. Legislation is set to be introduced later this session in parliament in…
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21 June
Hotel Chocolat acquires Rabot 1745
Hotel Chocolat has announced that it has agreed to acquire the entire issued share capital of Rabot 1745 Limited. Rabot was established in 2016 as a joint venture between the company and Andrew Gerrie (the non-executive chairman of Hotel Chocolat) to develop a range of beauty products inspired by the…
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21 June
Usdaw calls for £10 minimum wage to thank key workers
Paddy Lillis, Usdaw general secretary has said the “best way” to thank key workers is to ensure “fairness at work” – with the chief calling for a new deal for employees that includes a minimum wage of at least £10 per hour, more secure contracts and an end to youth…
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21 June
Morrisons rejects £5.5bn CD&R takeover bid
Wm Morrison Supermarkets has rejected a £5.5bn takeover bid from the American private equity company, Clayton, Dubilier and Rice (CD&R). Submitted on 14 June, CD&R’s offer was valued at 230 pence per Morrisons share for the entire share capital of the group. However, following a valuation with the supermarket chain’s…
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18 June
Sports Direct flagship store reopens following £10m refurbishment
Sports Direct has announced it will be reopening its flagship store in Oxford Street following a £10m refurbishment. The store recently underwent a complete overhaul with a modern, innovative, and sleek new look that brings the brand’s elevation strategy and fresh approach to the retail space. The store, which first…
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18 June
Bira takes credit for rent moratorium extension
The British Independent Retailers Association (Bira) has taken credit for the recently announced rent moratorium extension. Revealed on 16 June, the extension will keep existing measures in place to protect commercial tenants from eviction until 25 March 2022. The trade body claimed that the Government’s decision followed extensive lobbying from…
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18 June
John Lewis appoints AlixPartners to conduct supply chain review
John Lewis has reportedly appointed AlixPartners to conduct a strategic review of its supply chain and buying habits. According to Drapers, the restructuring firm has been instructed to examine its supply chain and its buying practises, including intake margins, in order to see if it can save variable costs. The…
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18 June
Over a quarter of all UK payments now contactless
UK Finance, the trade association for the country’s banking and financial services sector, has revealed that more than a quarter of all UK payments are now contactless. The body’s 2021 Payment Markets Report revealed that the number of contactless payments made in the UK increased by 12% to 9.6 billion…
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