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 -18 August
Lees bolster senior management team
Lees of Scotland, the confectionary company, has bolstered its senior management team following a series of internal promotions and strategic appointments. Martin Ruck will join as development and technical director, having worked within the food industry for over 30 years. He will be “focusing on driving forward new and…
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18 August
Inflation slows to 2% in July
Inflation slowed to 2% in July down from 2.5% the previous month, according to the latest figures from the Office of National Statistics (ONS). It found that clothing and footwear, and a variety of recreational goods and services made the largest downward contributions to the change, with inflation now hitting…
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18 August
Monsoon Accessorize to continue trust support in Afghanistan
Monsoon Accessorize has confirmed that the Monsoon Accessorize Trust will continue to support education projects and communities in Afghanistan following the Taliban’s takeover of the country this past week. The trust has been supporting women and children’s education projects in Kabul for over 20 years, most recently committing to fund…
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18 August
Tesco head joins Co-op in newly created role
Co-op has announced that Nick Meagher, head of insight at Tesco, will join the group to take on a similar position. Meagher will join Co-op as head of insight and research, a newly created role, which forms part of the groceries store’s “ongoing growth” to its data, digital and loyalty…
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18 August
Bravissimo FY20 revenues plummet 30.5%
Lingerie retailer Bravissimo has reported a 30.5% year-on-year decline in group revenues to £41.9m in FY20. The group also saw losses before tax widen to £4.4m for the year to 31 October 2021, up from losses of £628,000 the previous year. Net assets also decreased from £14.7m to £10m in…
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17 August
RSC to tackle sustainably amongst retailers with new initiative
The UK’s Retail Sector Council (RSC) has announced the launch of a national online initiative to help small independent retailers cut their carbon footprint and become more environmentally friendly. Led by RSC member Victoria Robertshaw and receiving ministerial support, Green Street is an informative and accessible hub, built by retailers…
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17 August
The Body Shop owner sees revenue rise 36.2% in Q2
Natura and Co, the Brazilian owner of The Body Shop, saw consolidated net revenues grow 36.2% year-on-year to R$9.5bn (£1.3bn) in Q2 FY21. The group also reported an adjusted EBITDA of R$811.2m (£111.8m) in the quarter at a margin of 8.5%, as “inflationary pressures in the quarter were largely offset…
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17 August
Grocery sales fall 4% as pre pandemic habits return
Grocery sales fell by 4.0% during the 12 weeks to 8 August 2021 compared with the same time last year as consumers have started to return to pre-pandemic spending habits, according to the latest figures from Kantar. In the shorter term, Kantar found sales are declining much more slowly: by…
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17 August
Co-op appoints new executive innovation chef
The Co-op has appointed David Llewelyn as their new executive innovation chef. He will guide the culinary direction for the store’s convenience and wholesale food businesses, and will oversee product creation for the Co-op’s brands, including its GRO vegan and top-tier Irresistible ranges. Llewelyn joins Breige Donaghy, Co-op director of…
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17 August
Unemployment falls to 4.7% as job vacancies hit record high
UK unemployment fell to 4.7% for the quarter to 30 June 2021, a drop of 0.2% when compared to the previous three month period. According to the ONS, this was coupled by a 0.3% rise in the UK employment rate to 75.1% in the same period, closing the gap with…
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