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 -23 August
Asos hunts for fifth warehouse to improve delivery capacity
Asos is reportedly planning to open a fifth warehouse in continental Europe in a bid to improve its home delivery capacity, according to The Telegraph. The online giant is said to have told investors of the plan this month, and is reportedly in the “early planning stages” of setting up…
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20 August
M&S ups full-year guidance as revenues rise 10%
Marks and Spencer has seen an upturn in its profit outlook during the 19 weeks up to 14 August, and now predicts an adjusted profit before tax for the year to be above the upper end of previous guidance of £300-350m. The retailer said it comes as food revenues increased…
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20 August
Asda to stock Missguided brand through new partnership
George at Asda has launched a partnership with online fashion brand Missguided that will see the brand be sold in 100 stores and online via George.com. As of 16 August, the retailer now offers a selection of dresses, blouses and co-ords in stores as part of George’s wider strategy to…
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20 August
Morrisons accepts £7bn offer from CD&R
Morrisons has revealed it has accepted a new £7bn offer from US private equity firm Clayton, Dubilier and Rice (CD&R). In a statement, the big four grocer revealed it had accepted the deal which values the business at 285p per share, an increase of 13p per Morrisons Share and £332m…
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20 August
Retail sales growth slows in July
Retail sales volumes fell by 2.5% between June and July 2021, as rainy weather and last month’s ‘pingdemic’ dampened demand from consumers. Nonetheless, sales were still up by 5.2% in the three months to July against the previous three months, and 5.8% higher than their pre-pandemic February 2020 levels, according…
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19 August
Highland Spring Group chief exec Les Montgomery to step down
Highland Spring Group have announced today that Les Montgomery has decided to retire from his full-time role as chief executive. He will become a non-executive director of the company from the end of this year. Chief commercial officer, Simon Oldham and chief operating officer, Mark Steven will step up to…
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19 August
M&S launches food range in 150 new countries
M&S has announced a partnership with worldwide export platform British Corner Shop, enabling customers in over 150 countries to purchase its food range for the first time. Through British Corner Shop’s export platform, customers from the United States to Australia will be able to purchase a tailored M&S food range…
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19 August
Global Fashion Group sees profits soar to €183.7m
Global Fashion Group (GFG), the owner of ecommerce platforms such as The Iconic and Zalora has reported gross profits of €183.7m (£156.5m) in the second quarter of 2021, due to easing of Covid-19 restrictions. Revenues at the group rose to 18% year on year to €397.3m (£338.5m) compared to €336.1m…
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19 August
John Lewis to launch ISA accounts for customers
John Lewis has announced that it is set to launch savings accounts for customers through a new partnership with digital wealth manager Nutmeg. The three new ISA products reportedly aim to “help those who otherwise would not consider investing”, and mark the latest products to be introduced to the group’s…
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18 August
Angling Direct sees 19.5% H1 revenue rise
Angling Direct, the fishing tackle and equipment retailer, saw revenues rise 19.5% year-on-year to £38.4m in H1 FY22. The figure for the six months ended 31 July 2021 represents a 44.8% spike when compared to H1 FY20’s £26.5m revenues. Physical retail sales comprised 51.8% of total group sales during the…
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