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 -13 September
Columbia Sportswear appoints new Mountain Hardwear president
Columbia Sportswear Company has announced the appointment of Troy Sicotte as president of its Mountain Hardwear brand. Sicotte previously served as vice president of sales for the past three years. Sicotte co-led the team with Mike Parker during the search for president, and will now take the reins. Craig Zanon,…
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13 September
Primark Q4 operating profits to beat expectations despite sales fall
Associated British Foods (AB Foods) has announced that Primark will beat its Q4 FY21 adjusted operating profit expectations, as the group’s H2 retail sales are set to hit £3.4bn. In a trading update, the group claimed that while Primark’s sales for the year ended 18 September were “lower than expected”,…
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10 September
Asda to hire 150 greengrocers amid £9m fresh produce investment
Asda has announced the appointment of 150 in-store greengrocers as a part of a £9m investment to extend its fresh fruit and vegetable service offerings. Expected to be filled by a combination of external hires and internal appointments, the greengrocers will be based on shop floors across the UK. They…
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10 September
UK economic growth slows, ONS reveals
UK economic growth slowed down in July, growing by 0.1% compared with 1% in June 2021, according to the latest data by the Office of National Statistics (ONS). With the spread of the Delta variant and the “pingdemic” taking its hold in July, gross domestic product (GDP) still remains 2.1%…
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10 September
Tod’s sees profits reach €65m in H1
Tod’s, the shoewear company, has reported an EBITDA of €65m (£55m), with a 16.3% margin on sales in the first half of 2021. This compares to a €18.7m (£16m) operating loss in the first half of 2020. Compared to the pre-pandemic situation in the first half of 2019, the company…
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10 September
Asda owners mull £10.8bn EG Group sale
TDR Capital and the Issa brothers, the new owners of Asda, are reportedly considering their options – including a possible sale – of its petrol station company the EG Group. According to Bloomberg, the company has appointed advisers including Rothschild and Co, Goldman Sachs and Morgan Stanley, to help consider…
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10 September
Lululemon Q2 net revenues top £1bn
Lululemon Athletica, the multinational athletic apparel retailer, has revealed its net revenues soared 61% year-on-year to $1.45bn (£1.04bn) in Q2 FY21. The net global revenues for the first quarter of the financial year ended 31 January 2022 also represented a 64.2% rise from 2019’s levels. The Vancouver-based retailer also reported…
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9 September
Costa Coffee to increase staff pay by 5%
Costa Coffee has announced that all 14,500 of its store team members in UK company-owned stores will receive a 5% pay increase. From 1 October 2021, all store team members will receive pay increases of at least 45p per hour, bringing minimum pay to £9.36 per hour from £8.91. The…
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9 September
JD Sports adds Bert Hoyt as non-exec director
JD Sports Fashion has announced the appointment of Bert Hoyt as a non-executive director at the group, effective 8 September 2021. Hoyt most recently acted as VP/GM at Nike EMEA until his retirement from the role in January 2021. Having joined Nike in 1998, Hoyt presided over a period of…
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9 September
61% of shop workers subjected to offensive behaviour, study finds
Some 61% of shop workers have experienced some form of offensive behaviour while working for their current employer, for whom the impact manifested as stress (45%), anxiety (43%) and a loss of self-esteem (19%), according to a recent survey of 1048 shopworkers by Foot Anstey. Foot Anstey said half of…
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