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 -9 September
B&M HY results to beat expectations
B&M European Value Retail S.A has revealed that whilst group revenues year to date have been “broadly in line with market expectations”, its performance has been strengthened by better than anticipated margins in its UK business. As a consequence, the group said it now expects adjusted EBITDA for the 26-week…
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9 September
Gear4music acquires AV online for £9.2m
Gear4music has announced that it has acquired AV Distribution Ltd, which is trading as AV Online, for an aggregate consideration of £9.2m. Separately, the group has also acquired the website domain name AV.com. The completion of the deal is dependent upon receiving approval from the Financial Conduct Authority (FCA) which…
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9 September
JD Sports eyes Missguided takeover
JD Sports Fashion is reportedly considering an investment into Missguided which could lead to an “outright takeover” of the online fashion business, according to Sky News. It is thought to be one business amongst a “number of parties” that are in talks to take over the brand. The group’s proposal…
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9 September
Morrisons warns of ‘industry-wide’ inflation as profits drop 37.1%
Morrisons has forecasted “industry-wide” price increases across the retail sector during the second half of FY22, as HGV driver issues continue to cause supply chain disruptions. The supermarket chain attributed the expected hike in prices to recent commodity price increases and freight inflation, as well as the ongoing driver shortages.…
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8 September
August online retail sales growth slows down
Online retail sales growth in August fell by 9.3% year-on-year, which was only a small improvement compared with July’s fall of 9.6%, according to the latest IMRG Capgemini Online Retail Index. The index revealed that August’s results were still “well below” the six (2.25%) and 12-month (21.37%) averages, but above…
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8 September
Poundstretcher returns to profit in FY21
Discount retailer Poundstretcher has reported a swing to £30m pre-tax profits in FY21, up from losses of £49.5m the previous year. The group also revealed an unaudited EBITDA of £46.7m for the year ended 31 March 2021, as a direct result of an earlier restructuring. 2020 saw Poundstretcher enter a…
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8 September
Supply chain disruption hits Halfords’ bike sales
Halfords has announced that global supply chain disruptions have hit its cycling business in recent weeks, despite cycling sales rising 9.9% in the 20-week period ended 20 August 2021. The group experienced “considerable capacity constraints” in light of ongoing disruptions, leading to low availability of bikes throughout the period. Availability…
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8 September
John Lewis expands Anyday range to include fashion
John Lewis has announced that from 13 September it is extending its Anyday own brand range to include menswear, womenswear and childrenswear, following the brand’s successful launch in home, technology and nursery in April this year. From this Autumn/Winter, with the introduction of fashion and newness in home, the brand…
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8 September
VF Corporation’s Veronica Wu departs board role
The VF Corporation has announced that Veronica Wu has decided to step down from her role on the company’s board of directors, effective immediately. The company stated that “Ms. Wu’s decision to step down from the board was not the result of any disagreement with VF on any matter relating…
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8 September
Dunelm sees FY21 profits surge 44% to £157.8m
Dunelm has reported that pre-tax profits for the full-year ended 26 June 2021, grew by 44.6% to £157.8m from £109.1m, reflecting the group’s ongoing focus on operational grip, despite the impact of store closures. Total sales also rose by 26.3% to £1.3bn for the period from £1.05bn the previous year…
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