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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Aug- 2021 -27 August
Number of UK department stores falls 83% in five years
The number of department stores in the UK has plummeted 83% since the collapse of BHS in 2016. According to the BBC, this underlines the “upheaval” of the high street following changes to shopping habits that have been accelerated by the pandemic. The latest figure comes from new research by…
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27 August
EG Group revenues soar 57.7% in Q2
Blackburn-based retail giant EG Group saw total revenues soar 57.7% year-on-year to $6.51bn (£4.75m) in Q2 FY21. The new Asda owner also reported a 23.7% growth in group EBITDA, up from $307m (£224m) in Q2 FY20 to $380m (£277m) this year. The Issa brothers’ global company continued to gain the…
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26 August
Tesco partnership saved more than five million meals from waste
Tesco has announced that due to its new partnership with food sharing app Olio, more than five million meals have been saved from going to waste in the past year. In August last year Tesco became the first supermarket to partner with Olio to provide unsold surplus food fit for…
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26 August
Coca-Cola announces Herbert Allen’s director retirement
The Coca-Cola Company has announced that Herbert Allen has retired from his role as director after 39 years at the group. Allen had been the longest-serving current member of the group’s board of directors until he stepped down on 18 August 2021. Following the departure of Allen, who is also…
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26 August
Frasers to open new Flannels store in Livingston
The Frasers Group will open a new Flannels store at the Centre shopping centre in Livingston, after committing to take 17,500 sq ft of space with a trading space of 11,000 sq ft across two floors. The Centre, is a c.856,000 sq ft, 160-unit shopping centre in the Scottish town…
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26 August
Sainsbury’s opens new Brunel Street Works store
Sainsbury’s has opened its newest store at Newham Brunel Street Works Local. The store is situated in the new Brunel Street Works development, delivered by Vistry Partnerships. Located next to Canning Town Station, it is open from 7am-11pm Monday to Sunday. The store has created an additional 23 jobs, who…
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26 August
Watches of Switzerland secures new CFO
Watches of Switzerland has announced the appointment of William Floydd as its newest CFO. He will succeed Anders Romberg who recently informed the board of his intention to retire after seven years in the role. Floydd will join the company from The Rank Group where he has held the role…
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26 August
Supermarket leaders warn of Christmas supply shortages
Supermarket leaders from across the UK have warned of supply chain issues over the Christmas period due to the ongoing shortage of HGV drivers. Richard Walker, executive chairman at Iceland, told the BBC that he estimated the UK’s shortage of lorry drivers to now be 100,000, with the group 100…
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26 August
New Frasers Group CEO up for £100m pay package
Michael Murray, who is set to become the CEO of Frasers Group following Mike Ashley’s departure, is reportedly in line to receive £100m under a proposed pay package that will be linked directly to the group’s stock price performance. It comes as the group confirmed that Murray will also receive…
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26 August
Walmart commercialises delivery platform
Walmart is commercialising its delivery platform, with the launch of ‘Walmart Go Local’ which will see other retailers tap into its delivery services to get orders to customers. The US discounter said the concept is built on its proven ability to “execute delivery capabilities at scale with efficiency”. Over a…
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