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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Jul- 2021 -29 July
NI to boost high street spending with £100 voucher
Northern Ireland economy minister Gordon Lyons has announced a £145m scheme that will give everyone aged 18 and over a prepaid card worth £100 to spend on their local high street. It is planned that the registration process will open to the public this September. Lyons stated that the new…
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29 July
Very transfers fashion returns to East Midlands fulfilment centre
The Very Group has completed the migration of all its clothing and footwear returns to Skygate, its automated fulfilment centre in the East Midlands. The 850,000 square foot fulfilment centre, which launched the day the first national lockdown began in March 2020, has shipped 20 million items and over eight…
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29 July
Mothercare losses widen to £21.4m
Mothercare has reported a wider pre-tax loss of £21.4m for the full-year ended 27 March 2021. Turnover also plummeted 47.9% to £85.8m, down from £164.7m the previous year, largely due to the continued impact of Covid-19 on trade in the key markets of Russia, India, Indonesia and Malaysia. Looking ahead,…
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29 July
BoohooMan drops DaBaby over ‘homophobic language’
Online fashion retailer Boohoo has dropped rapper DaBaby from its BoohooMan partnership following a string of homophobic comments that also targeted those with HIV. Performing live at Miami’s Rolling Loud Festival on Sunday (25 July), DaBaby falsely claimed that having HIV/AIDS will “make you die in two to three weeks”.…
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29 July
Pets at Home sees sales soar to £377.8m
Pets at Home has seen its first quarter revenues grow 25.7% to £377.8m as the retailer continues to witness a “strong sales momentum”. In the 16 weeks to 25 July, the retailer saw like-for-like revenue up 30.2%, or 29.4% on a two-year basis, which it said reflected “continued strong growth…
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28 July
GIC joins Fortress-led Morrisons takeover bid
GIC, a Singapore investment firm, has joined the £6.3bn Fortress-led consortium bid for Morrisons. A filing on the London Stock Exchange revealed that GIC will join the efforts of Oppidum Bidco, a newly formed company indirectly owned by funds managed by Fortress, as an additional co-investor. In turn, the bid…
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28 July
Tesco accelerates sustainability plans with windfarm launch
Tesco has revealed that its newly backed windfarm is now live and generating much needed renewable energy, falling in line with the group’s sustainability plans. In partnership with ScottishPower, the 30MW 15-turbine Halsary windfarm in Caithness, Scotland, will provide enough clean energy to power the equivalent of almost 20,000 homes…
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28 July
Asda owners eye Fat Face head for George CEO role
Asda owners, brothers Mohsin and Zubba Issa are reportedly in talks to appoint the current CEO of Fat Face, Liz Evans, to head up the group’s fashion label, George, according to The Lancashire Times. Evans has been the CEO of Fat Face since 2018. If she moves over to George,…
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28 July
Morrisons’ largest shareholder ‘not inclined’ to back £6.3bn Fortress offer
Morrison’s largest shareholder Silcherster has said it is “not inclined” to support the £6.3bn takeover that has been accepted by the company’s board. The investment firm, which owns a 15.1% stake in the ‘Big Four’ Grocer, has said it believes more time should be given for a rival bid to…
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28 July
Music Magpie sees revenues up 2.3% following IPO float
Music Magpie, an e-commerce retail business, saw its group revenues grow by 2.3% to £72.8m for the six months ending 31 May 2021. The store, which sells refurbished electronics and second-hand video games, also reported a pre-tax profit of £4m over the six months period- up from £3.3m last year.…
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