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 -21 September
Convenience stores see sales outperform UK supermarkets
Grocery spend at UK convenience stores increased by +3.3% in the last four weeks ending 11 September 2021 – outperforming UK supermarkets, which rose by +0.6% during the same period, according to data released by NielsenIQ. NielsenIQ explained the shift toward the convenience channel is a result of a “gradual…
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21 September
Four in five shops to shut without business rates reform, says BRC
Some 83% of retailers would reportedly be forced to close shops without the introduction of a business rates reform as a part of the Government’s upcoming review. According to research conducted by the British Retail Consortium (BRC), 85% of those retailers surveyed recognised business rates as either an “extremely” or…
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20 September
Supermarket Income Reit acquires six new sites for £113.1m
Supermarket Income Reit, the real estate investment group, has announced the acquisition of six supermarkets for a total purchase price of £113.1m. Acquired from different vendors, the purchases consist of a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall…
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20 September
JYSK reveals record €4.386bn turnover
JYSK has revealed an all-time high turnover of €4.386bn (£3.754bn) for the financial year from 1 September 2020 to 31 August 2021, an increase of 7%. Figures were boosted by a 43% rise in online sales, in addition to JYSK’s click and collect service where customers order from home and…
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20 September
LVMH names Nigo artistic director at Kenzo
Moët Hennessy Louis Vuitton (LVMH) has named Japanese fashion designer and DJ Nigo as the new artistic director of Maison Kenzo. Effective today (20 September), Nigo joins the French luxury fashion house founded by Takada Kenzo, who graduated from the same fashion school in Tokyo. Having launched A Bathing Ape…
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20 September
Gap to return to the UK with new Next partnership
Next has announced that it has finalised an agreement with Gap to manage the business in the UK and Ireland as a franchise partner. Under the agreement, the companies will form a joint venture to operate Gap’s e-commerce business across the Next total Platform, host Gap-branded shop-in-shops at select retail…
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20 September
Morrisons announces ‘zero waste’ stores trial
Morrisons has announced the trial launch of the UK’s first six ‘zero waste’ stores in Edinburgh, which will have the ability to operate with zero waste by 2025. If successful, Morrisons will aim to roll out the ‘zero waste’ store format to all it’s 498 stores across the UK over…
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17 September
BIRA calls on gov to appeal card payment fees
British Independent Retailers Association (BIRA) has added its voice to a group of trade bodies appealing for parliament to intervene and protect British businesses and consumers from the cost of anti-competitive practices in card payments. The association has joined the British Retail Consortium (BRC), Association of Convenience Stores (ACS), Federation…
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17 September
Marks and Spencer to close 11 French stores
Marks and Spencer (M&S) has announced the closure of all 11 franchise stores with partner SFH in France over the coming months, which it has attributed to the impact of Brexit on its supply of fresh and chilled food. However, M&S added that the nine franchise stores with partner Lagardere…
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17 September
Asos announces plans to meet ESG goals by 2030
Asos has announced the launch of its “fashion with integrity” (FWI) 2030 programme, a plan aimed at ensuring it meets its ESG goals by 2030. The plan includes a commitment to achieve net zero across the full value chain by 2030. The online retailer said the FWI 2030 programme is…
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