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 -5 August
Astley Clarke to open flagship London store this Autumn
British jewellery brand, Astley Clarke has announced that it will debut its first UK flagship store at Seven Dials’ Monmouth Street, London, this Autumn. Spanning just over 900 sq ft, the jeweller’s first bricks and mortar home will stock fine and demi-fine elevated jeweller. Founded in 2006 by Bec Astley…
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5 August
Adidas raises FY guidance amid 51% Q2 revenue growth
Adidas has reported a 51% year-on-year growth to group revenues of €5.08bn (£4.33bn) in the second quarter of FY21. The group also saw a return to a net income of over €387m (£330m), up from Q2 FY20’s €243m (£207m) net losses. In turn, the multinational company has increased its top…
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5 August
John Lewis ‘angered’ over Gov’s ‘named and shamed’ wage list
The John Lewis Partnership (JLP) is reportedly angered over being included on the government’s “named and shamed” list for flouting minimum wage rules by The Department for Business (BEIS). According to Sky News, JLP has been included on the list for an already disclosed issue relating back to 2017 which…
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5 August
ScS ‘encouraged’ by strong trading
ScS has been “encouraged” by a period of strong trading in FY21, despite stores being closed for 17 weeks of the period, with its full year like-for-like order intake down by only 6.5% on 2019. The group said that when stores have been open, performance has been “encouragingly” strong, with…
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5 August
Mike Ashley confirms plans to step down as head of Frasers
Mike Ashely has confirmed that he will step down as head of Frasers Group, as the business revealed its most recent full year trading profits, which showed a 84.1% decrease in pre-tax profits due to Covid-19. The group which owns brands such as Jack Willis and Evan Cycles said that…
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5 August
Wickes appoints new technology chief
Wickes has announced that it has appointed Mohamed El Fanichi as chief information technology officer (CITO), effective from September 1. This newly created role follows the demerger of Wickes from Travis Perkins in April. El Fanichi will report directly to CEO David Wood and be a member of the Wickes…
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5 August
Next store staff step closer to equal pay victory
Next has conceded that it can compare the roles of its store workers and distribution centre and warehouse employees, bringing the workers’ equal pay claims one step closer to success. Over 400 Next staff members brought the case against the retail group, stating that shop floor work is equally as…
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4 August
Hugo Boss reaches near-pre-pandemic sales levels
Hugo Boss has reported a near-return to pre-pandemic sales of €629m (£536m) in Q2 FY21, falling 4% when compared to the same quarter in 2019. The currency-adjusted figure represents a 133% year-on-year rise, with sales in group currency also climbing 129% from €275m (£235m) in Q2 FY20. The luxury fashion…
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4 August
DMR expands presence in Liverpool with Omega boutique
David M Robinson (DMR) has expanded its presence in Liverpool One shopping district with the opening of a mono-brand Omega boutique later this year. This latest expansion is DMR’s first opening of a mono-brand boutique, combining the watchmaking heritage of Omega with customer service experience. The new boutique spanning 2000…
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4 August
Mike Ashley set to step down as CEO of Frasers Group
Mike Ashley is reportedly planning to step down from his role as the CEO of Frasers Group and hand over control to his prospective son-in-law, according to The Telegraph. The Sports Direct boss is reportedly expected to assume the role of deputy chairman following the move, which could be confirmed…
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