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.
-
Jun- 2021 -4 June
CVC acquires co-control of BAPE
Private equity firm CVC Capital Partners has acquired co-control of the Japanese fashion brand, A Bathing Ape (BAPE), for an undisclosed sum. The investment follows BAPE’s privatisation of IT Limited by Brooklyn Investment, which is owned by CVC and the founder group of IT, on 30 April 2021. Through the…
Read More » -
4 June
Global Fashion Group becomes carbon neutral
Global Fashion Group (GFG) has announced that it has become carbon neutral across its operations and outbound deliveries. The retail group, which operates brands such as H&M, Bershka and Missguided, uses 100% green energy across its nine fulfillment centres in Latin America, the CIS, Southeast Asia, Australia and New Zealand.…
Read More » -
4 June
Tesco staff win ‘landmark ruling’ in equal pay case
Tesco workers have won a legal battle for equal pay following a “landmark ruling” from the Court of Justice of the European Union (CJEU). Represented by Leigh Day, roughly 50,000 majoritively female shop floor workers had filed the case in a bid to gain equal pay with their mostly male…
Read More » -
4 June
M&S unveils new cafe concept at Solihull Sears store
Marks and Spencer has opened its first new look M&S Café at its new Solihull Sears store as part of its “transformative store renewal programme”. Located at Sears Retail Park in Solihull, the new café is a “test and learn” renewal concept in hospitality for the retailer. The new format…
Read More » -
4 June
Fashion and lifestyle sales almost double in May
Lifestyle and fashion retailers recorded strong performances through the first full month of post-lockdown activity with sustained online sales helping to bolster overall growth, according to BDO’s latest High Street Sales Tracker (HSST). BDO revealed that the lifestyle category saw total like-for-like sales reach their highest result on record, as…
Read More » -
4 June
End commercial rents stalemate, urges CBI
The CBI has urged occupiers and landlords of commercial properties to collectively take “decisive” action to address commercial rent challenges on the path towards a full economic reopening. Whilst it believes most tenants should resume paying rents as normal when emergency legislation protecting from evictions and statutory demands ends on…
Read More » -
4 June
MaxiSaver to open 20 more stores this year
MaxiSaver has announced plans to open another 20 stores this year, in a move that is set to create hundreds of jobs. The retailer opened eight stores throughout the Midlands since August last year with its first store in Hinckley’s Britannia Centre, creating approximately 100 jobs so far. The retailer…
Read More » -
3 June
Geek Retreat ‘on track’ to open 60 new stores by end of 2021
Geek Retreat has revealed that it is on track to open 60 of its planned 100 new stores on high streets by the end of 2021, creating 360 jobs around the UK. The franchise, which opened its first store in Glasgow in 2013, now has 27 stores, with the latest…
Read More » -
3 June
BRC warns of future price rises despite 0.6% fall in May
Shop prices fell 0.6% year-on-year in May, the slowest rate of decline since February 2020 as the British Retail Consortium (BRC) warns of price rises on the horizon. The decline represents a smaller fall than April’s 1.3% year-on-year drop, and sits below the 12 and six-month average price decreases of…
Read More » -
3 June
Indoor hospitality reopening fails to boost May footfall
The reopening of indoor hospitality has failed to give a significant boost to high street footfall, according to Springboard’s May figures. Springboard revealed that while footfall strengthened when non-essential retail opened in April, further gains following the reopening of indoor hospitality in May were muted. Footfall was -27.5% lower than…
Read More »
