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 -8 June
Gov launches new workers’ rights watchdog to clamp down on abuse
The department for business, energy and industrial strategy has announced that a new watchdog will be created to protect the rights of UK workers. The news follows several calls from trade bodies which have been advocating for workers’ protective rights since the pandemic saw an 80% spike in verbal abuse.…
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8 June
Majority of young shoppers name social media as gateway to local retailers
Over a third (37%) of shoppers have named social media as one of the primary ways they would discover a new local retailer, a number which rose to 55% for 18-34-year-olds. The findings come from a new survey commissioned by NFU Mutual, which has partnered with Maybe to provide retail…
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8 June
Consumer spending up 7.6% in May
Consumer spending rose by 7.6% in May compared to the same period in 2019, the highest level of growth since coronavirus restrictions began. According to new data from Barclaycard, spending on essential items grew 11.4% compared to May 2019, the sharpest increase since before the onset of the pandemic. This…
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7 June
ACS calls on gov to ensure DRS scheme is ‘workable’ for local shops
The Association of Convenience Stores (ACS) has called on the government to ensure that the deposit return scheme (DRS) which will be introduced in England, Wales and Northern Ireland is workable for local shops and does not leave them out of pocket. The scheme is currently scheduled to be introduced…
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7 June
Klarna launches UK shopping feature
Klarna, a global banking, payments, and shopping service provider, has launched a new shopping app. The shopping feature enables UK Klarna users to shop at any online store directly through the group’s app, regardless of whether they are a Klarna partner or not. Through Klarna’s “pay in three” service, customers…
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7 June
Amazon Small Business Accelerator launches exporting bootcamps
Amazon has announced the first two exporting events in a series with the Department for International Trade providing startups, and small and medium-sized businesses with free advice to help them sell their products globally on Amazon’s stores and beyond. The events are part of Amazon Small Business Accelerator, a support…
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7 June
May footfall decreases 27.7%, latest BRC data reveals
Total UK footfall decreased by 27.7% in May compared with the same period in 2019, according to the latest British Retail Consortium -Sensormatic IQ data. However, the decrease was above the three month average decline of 46.9%. Helen Dickinson, chief executive of BRC, stated May saw footfall levels improve across…
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7 June
Retailers urge gov to extend credit insurance scheme
Retailers across the UK are calling on the government to extend the scheme that guarantees trade credit insurance, in a bid to support businesses who risk being left without cover once the scheme ends. According to the Financial Times, the British Retail Consortium (BRC) has reportedly written to business minister…
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7 June
Sainsbury’s expands Neighbourhood Hub stores
Sainsbury’s has announced the expansion of its Neighbourhood Hub stores initiative across the UK. The new format is a food-led extension of the supermarket chain’s convenience offering, with sites in Woodhall Spa, Midhurst and Bishop’s Waltham As part of Sainsbury’s latest endeavour, a series of upgrades have taken place to…
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7 June
Tesco and Carrefour end purchasing alliance
Tesco has revealed that it will not be extending its purchasing alliance with the French multinational retail corporation, Carrefour. Having commenced the three-year operational framework in 2018, the two firms have agreed to discontinue the buying partnership from 31 December 2021. The agreement had been signed in 2018 in a…
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