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 -25 August
Central England Co-op backs Usdaw anti-abuse campaign
Central England Co-op has backed a campaign by The Union of Shop, Distributive and Allied Workers (Usdaw), “Freedom From Fear” which encourages customers to treat its staff with respect. Customers will be able to find out more about the campaign via posters in stores, which include details of how to…
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25 August
Capri Holdings names Joshua Schulman as Michael Kors CEO
Capri Holdings has named Joshua Schulman as the new CEO at Michael Kors, effective immediately. The group also revealed that Schulman will take over the role of CEO at Capri, who also owns Versace and Jimmy Choo, following John Idol’s move to executive chairman in September 2022. As CEO at…
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25 August
Urban Outfitters launches resale marketplace
Urban Outfitters has announced the launch of Nuuly Thrift, a resale marketplace where anyone can buy or sell women’s, men’s and kids’ apparel and accessories. Launching in autumn 2021, Nuuly Thrift will be a sister platform to Nuuly Rent, the subscription rental service for women’s apparel. The company said that…
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25 August
Morrisons takeover could weaken pension security, pension trustees warn
A takeover of Morrisons could “materially weaken” the security of its pensions schemes if additional protections are not implemented, according to the trustees of the schemes. The comment comes as part of a statement released from The Morrisons Retirement Saver Plan and The Safeway Pension Scheme, which represents over 85,000…
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25 August
Asda eyes former M&S boss for chief exec role
Asda is reportedly looking to Lord Rose of Monewden, the former boss of Marks and Spencer, as its new chief executive. According to The Times, the Issa brothers, owners of Asda, are considering Rose after Roger Burnely completed an early resignation earlier this month. Rose, who served as M&S chief…
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25 August
Ediston Property acquires Springkerse Retail Park for £22.85m
Ediston Property Investment Company has announced that it has acquired Springkerse Retail Park, Stirling, Scotland, for £21.85m, in an off market transaction. The price reflects an initial yield of 9.54% and was purchased from clients of LaSalle Investment Management. The Stirling Council area has a population of just under 100,000…
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25 August
Footfall dampened by wet weather
Footfall across UK retail destinations fell by -1.7% last week from the week before as wet weather continued to dampen footfall across the nation. According to Springboard, there was a drop of -2.2% in high streets versus more “modest” drops of -1.3% in shopping centres and -1% in retail parks. …
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25 August
UK must follow Scottish example to protect retail workers, says BRC
The British Retail Consortium (BRC) has called upon the UK Government to follow Scottish Parliament in implementing legislation that will better protect retail workers. The new Protection of Workers (Retail and Age-restricted Goods and Services) Act 2021 was unanimously passed in Holyrood, and came into effect on 24 August. Its…
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24 August
Retail stock levels reaches ‘record low’, CBI warns
Stock levels in relation to expected sales have hit a “record low” across retail and the distribution sector as a whole, according to the latest Confederation of British Industry (CBI) quarterly Distributive Trades Survey. The shortage marks the fifth consecutive month in which a record low has been reached in…
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24 August
Macy’s provides Toys“R”Us return to US
Fashion clothing and accessories retailer Macy’s has announced a partnership with WHP Global to bring Toys“R”Us back to operation in the US. The roll out has initially taken place on Macy’s online platform, and is set to extend across over 400 Macy’s shops nationwide in 2022. In addition to the…
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