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 -2 June
Moncler appoints new chief brand officer
Moncler has announced that Gino Fisanotti has been appointed to the newly created position of chief brand officer, with effect from 7 June 2021. Fisanotti will report directly to Remo Ruffini, chairman and CEO of the group, and will also join the strategic committee as strategic director while Roberto Eggs…
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2 June
Kingfisher signs £550m responsible credit facility
Kingfisher, the owner of B&Q and Screwfix, has signed a £550m three-year revolving credit facility agreement linked to responsible business targets. Through the agreement, Kingfisher will benefit from lower interest rates if the responsible business plan’s targets are met, with a two-year extension also a possibility. The targets focus on…
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1 June
Waitrose expands refillable products offering
Waitrose has announced that it will launch more refillable products as part of its “Unpacked” concept, including loose tea for the first time. The news follows the increase of refillable sales by 9% at the retailer’s existing four shops in the past six months. Sales of refillable frozen fruit and…
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1 June
Victorian Plumbing to float on AIM
Victorian Plumbing, an online retailer of bathroom products and accessories, has announced its intention to float on AIM, the submarket of the London Stock Exchange. Set to take place “on or around” 22 June 2021, the IPO represents a continuation of Victorian Plumbing’s growth trajectory. The group, which stocks over…
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1 June
Wickes edges up FY guidance amid strong sales
Wickes Group has anticipated that its half-year profits will reach £45m and that its full year adjusted profits will range between £55m and £74m, following “better than expected” sales growth. The news follows the retailer’s recent trading update for the 21 weeks to 22 May which saw total like for…
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1 June
Kraft Heinz to invest £140m in Kitt Green
The Kraft Heinz Company has revealed plans to invest £140m in Kitt Green, the Wigan food manufacturing facility. Some 50 full-time jobs are set to be created by the proposed investment, which is subject to final US regulatory approvals later this year. The US-based food company claimed that the funding…
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1 June
JD Sports denies Cowgill exit rumours
JD Sports has denied rumours that its executive chairman, Peter Cowgill, is leaving the helm of the retail group. The response follows speculation which arose over the weekend after reporters discovered a line in JD’s annual report which suggested that the group may be increasing its succession plans. On Saturday…
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May- 2021 -28 May
JYSK to open two new stores in Greater Manchester
JYSK has announced that it is set to open two new stores within the Greater Manchester region. The first store is due to open on 10 June 2021 in Bury at Angouleme Retail Park, followed by a store in Stockport at Manchester Road Retail Park on 8 July 2021, with…
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28 May
JD Group chairman banks £6m in bonuses despite 75% pay cut
The executive chairman of JD Group, Peter Cowgill, was reportedly handed nearly £6m in “special bonuses” over the course of 18 months despite the company accepting more than £100m in government support. During the course of the pandemic, the group received £86.1m in furlough payments for staff and roughly £38m…
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28 May
Co-op opens new site at Keele University
Co-op has signed its next university franchise store, with a shop set to open at Keele University, Newcastle in September. The new store, which will be managed and run by Keele University Students’ Union, will serve its students, staff and local community. Co-op said it will stock its own brand…
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