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 -9 August
McColl’s plots £30m capital raise
The McColl’s convenience store chain has said it is considering undertaking a capital raise fund to accelerate the expansion of its partnership with supermarket Morrisons. The group made the announcement today (9 August) after Sky News reported over the weekend that McColl’s had approached institutional investors regarding a potential share…
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9 August
Kirkstall Bridge shopping park sold for £25.2m
LondonMetric Property has announced that it has sold its retail park, Kirkstall Bridge shopping park, for £25.2m to a UK institutional investor. The 120,000 sq ft shopping park was originally developed by the group in 2015 after acquiring the site in 2011. Following the recent re-letting of a 21,000 sq…
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9 August
Levi Strauss acquires Beyond Yoga
Levi Strauss and Co (Levi’s) has announced the acquisition of premium athletic and lifestyle apparel brand Beyond Yoga for an undisclosed cash consideration. Following the expected close of the deal in Q4 FY21, Beyond Yoga will be brought to more consumers via brick and mortar retail, gender and category growth,…
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6 August
Morrisons agrees to raised £6.7bn Fortress takeover offer
Morrisons has announced that it has reached an agreement with Fortress Investment Group for a revised takeover offer worth £6.7bn. The increased offer of 270p per share plus 2p in special dividend represents an increase of approximately £400m to Fortress’ original offer value. In a statement, the supermarket stated that…
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6 August
Asda chief Roger Burnley completes early resignation
Asda has announced that Roger Burnley has stepped down from his role as chief executive at the group following its £6.8bn EG Group and TDR Capital takeover. While Burnley had been due to leave his post in 2022, the process has been accelerated “following completion of a transition period” under…
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6 August
Scottish footfall remains subdued
Figures provided by the Scottish Retail Consortium (SRC) and Sensormatic IQ data. show footfall for retailers is down 27.1% in July on the same month in 2019. Scottish shopping centre footfall declined by 34.1% in July, while footfall in Glasgow was down 26.1% compared to the same month in 2019.…
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6 August
Footfall stalls due to ‘turbulent’ July weather, says BRC
Total footfall across the UK declined 28% for the four weeks to 31 July 2021 when compared to the same period in 2019. According to the British Retail Consortium’s (BRC’s) sensormatic IQ data, the figure sits below the three-month average of a 27.7% fall. The drop has been attributed to…
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6 August
Matalan to create 200 jobs as part of Kickstart scheme
Matalan has announced that it will be creating over 200 placements across its business to assist young people in gaining long-term employment. The retailer will be taking part in the government’s £2bn Kickstart scheme, designed to support employment for 16 to 24-year olds by offering them industry qualifications and work…
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6 August
Sainsbury’s opens new site at York railway station
Sainsbury’s has announced the opening of its newest store, located in York railway station. The group said the store will offer customers a “wide range” of grocery and household products as well as a self-service Costa coffee machine. The store is the second Sainsbury’s Local to open in York this…
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6 August
Hammerson to redevelop empty retail units for new purposes
Hammerson has announced that it is looking to redevelop its empty retail units, with a medium to long-term view of using them for alternative uses, such as residential, hotels or workspaces. The landlord said there are opportunities to “reinvigorate the assets and grow revenue by filling void units, generating additional…
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