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 -3 August
Capri Holdings sees Q1 revenues reach $1.25bn
Multinational fashion company Capri Holdings has reported a 178% year-on-year spike in total group revenues to $1.25bn (£898m) for Q1 FY22. The owner of Jimmy Choo, Versace, and Michael Kors has in turn raised its full-year adjusted earnings per share forecast to $4.50 (£3.23). Adjusted profit for the quarter ended…
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2 August
Central England Co-op partners with Snappy Shopper
Central England Co-op has announced a new partnership with Snappy Shopper, in which shoppers in the region will now be able to order groceries online from 141 local stores and have them delivered straight to their homes. The partnership also aims to grow the number of Co-op stores participating to…
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2 August
Amazon growth slows in Q2
While sales in Amazon’s second quarter soared by 27% to $113bn (£81bn) against 2020, growth slowed down from a 44% climb in the first quarter, as Wall Street had forecast sales of $115bn (£83bn). The deceleration is expected to continue, according to Amazon, as it guided for a 10% to…
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2 August
Hermes H1 net income reaches £1bn
Women’s bags and clutches retailer Hermes saw net income soar to €1.17bn (£999m) during the first half of FY21, up from €335m (£286m) the previous year. The group also reported a 70.2% year-on-year spike in revenues to €4.24bn (£3.62bn) during the period. Net income for the half year represented 27.7%…
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2 August
CD&R set to launch rival Morrisons bid
Private equity group Clayton, Dubilier & Rice (CD&R) is reportedly set to kick off a bidding war for grocery chain Morrisons, following a £6.3bn offer from American rival Fortress. According to The Sunday Times, CD&R is said to be lining up equity and debt financing for a counter bid offer…
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2 August
Aldi raises lorry drivers’ wages amid labour shortage
Aldi has reportedly increased the wages for its lorry drivers in a bid to tackle labour shortages within the industry and avoid bare shelves, according to The Sunday Times. The supermarket is said to have “pushed through” a pay rise for its drivers to maintain its stance as one of…
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Jul- 2021 -30 July
The Midcounties Co-operative launches soft plastic collection scheme
The Midcounties Co-operative has rolled out a soft plastic collection scheme in over 200 of its food stores, meaning that all of its own-branded packaging is now 100% widely recyclable. The initiative will help customers recycle problem materials, including bread bags, lids from ready meals, biscuit wrappers and wrappers from…
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30 July
CMA raises no issues over Morrisons takeover
The private equity backed consortium looking to buy Morrisons has said the Competition and Markets Authority (CMA) has not raised any issues surrounding its £6.3bn takeover deal. The consortium, which is led by Majestic Wines owner Fortress, has said the CMA has told the group that it had “no further…
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30 July
One in seven UK shops still remain vacant, BRC reveals
More than one in seven shops on UK high streets, retail parks and shopping centres are currently vacant, according to the latest data from the Local Data Company and the British Retail Consortium (BRC). The data revealed that fashion stores were amongst the “hardest hit” as customers primarily shifted to…
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30 July
Dr Martens Q1 revenues soar 52%
Dr Martens has reported revenue growth of 52% year-on-year to £147.3m in the three months ended 30 June 2021. Although comparisons on a yearly basis are skewed by FY21’s Covid-19 impact, the Q1 FY22 figure represented a 31% jump when compared to the same period in FY20. While stores in…
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