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 -6 September
Unite warns of disruptions to 1,500 convenience stores
More than 1,500 convenience stores in London and the south east could face a threat of “severe” delivery disruption following a potential drivers’ strike, Unite has warned. According to the union, the disruption has “moved a step closer” after 40 drivers, employed by Booker Retail Partners at its Thamesmead site,…
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6 September
New Look appoints new non-executive chairman
New Look has announced that Mike Coupe will succeed Alistair McGeorge as non-executive chairman of the company, effective 29 September 2021. McGeorge stepped down after returning to New Look as executive chairman in November 2017 to “begin the Company’s turnaround strategy”. Coupe previously worked at J Sainsbury plc as CEO,…
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6 September
Labour shortages could continue for two-years, CBI warns
Labour supply problems could last for up to two years and will not be solved by the end of the Job Retention Scheme, the CBI’s director-general, Toby Danker has warned. The warning comes as the CBI’s director-general has set out priorities for both business and government to guard against labour…
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6 September
Nearly 50 high-street stores closed a day in H1, study finds
Over 8,700 chain stores have disappeared from UK retail locations in the first six months of 2021, equating to over 47 stores a day, according to the latest PwC research compiled by the Local Data Company (LDC). The research showed that in total, 3,488 shops opened compared with 8,739 closures,…
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6 September
Asda Q2 revenues top £5bn
Asda has reported a 3.1% two-year increase in revenues excluding fuel to over £5bn during its latest quarter ending 30 June 2021. The increase was driven by a 23% two-year jump in like-for-like sales of the supermarket chain’s premium “extra special” range. However, year-on-year revenues excluding fuel at Asda represented…
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3 September
Ikea faces disruption to 1,000 UK product lines
Ikea is reportedly facing issues with supplying roughly 1,000 product lines to UK customers as a result of Brexit and the lorry driver shortage. According to The Independent, all 22 of the multinational retailer’s UK sites are experiencing disruptions, with some outlets reportedly running out of mattresses and other items.…
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3 September
Clintons to sell alcohol via online store for first time
Card retailer Clintons has announced that it has partnered with Henstone Distillery to offer a range of alcohol for the first time on its online store. Alongside the full-sized bottles of spirits, Clintons will also be offering branded “snifter” and gin glasses for single malt whisky, Nonpareil and three different…
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3 September
Gov needs to tackle ‘short and systemic’ supply problems, commission warns
The government has been urged to “get a handle” on the “immediate and systemic” problems currently causing the supply chain crisis affecting the country, by a cross-party commission. The UK Trade and Business Commission, which was setup to scrutinise the government’s post-Brexit trade deals, yesterday (2 September) hosted a hearing…
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3 September
One in 10 BNPL consumers chased by debt collectors
One in 10 Buy Now Pay Later (BNPL) consumers have been chased by debt collectors, with the number rising to one in eight amongst young people, according to new research from Citizens Advice. While “millions” of shoppers in the UK use BNPL to split or delay payments, Citizens Advice has…
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3 September
Tapestry adds Unilever president to board of directors
Tapestry, a global house of brands which includes Coach, Kate Spade New York and Stuart Weitzman, has announced that Hanneke Faber has been appointed to its board of directors. The appointment of Faber to the board brings the membership to eleven, including ten independent directors. Faber currently serves as president,…
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