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.
-
Jul- 2021 -23 July
Consumer confidence surpasses pre-pandemic levels
Consumer confidence increased to -7 this month, according to GfK’s Consumer Confidence Index, which is ahead of pre-pandemic levels previously reported. The index measuring changes in personal finances over the last year was -1, an increase of three points against July 2020, while the forecast for personal finances over the…
Read More » -
23 July
Ted Baker moves HQ to Fitzrovia
Ted Baker has announced plans to move to a new headquarters in central London. The fashion brand has signed a 10-year lease with Westminster City Council, with rent of £900,000 and plans to move to the new building in Fitzrovia, London next summer. The move will allow the group to…
Read More » -
23 July
Hotel Chocolat raises £40m in stock market debut
Hotel Chocolat has announced the completion of the placing of ordinary shares at £0.1p each raising gross proceeds of £40m on the London Stock Exchange. Having received strong demand from existing shareholders and other institutional investors, a total of 11,112,913 new ordinary shares were placed at a price of 355p…
Read More » -
22 July
Ryman selects new CEO
Ryman has announced that it has hired Peter Birks as its new CEO, with effect 2 August 2021. He brings with him 15 years of experience as an executive leader, with a record in delivering growth and “maximising” operational efficiencies within multichannel organisations. He has held leadership roles in retailers…
Read More » -
22 July
Coca-Cola raises FY guidance amid revenue spike
The Coca-Cola Company has raised its expected organic revenue growth for the full year to between 12% and 14%. The forecast comes as the group saw net revenues soar 42% year-on-year to $10.1bn (£7.3bn) in the second quarter of FY21. The company also reported a 37% spike in organic revenues…
Read More » -
22 July
Gov to announce list of workers exempt from isolation
Business secretary Kwasi Kwarteng has revealed that the government is set to announce the list of Uk workers who will be exempt from self-isolation rules later today (22 July). Kwarteng revealed the news while speaking to the BBC’s Radio 4 Today programme. Staff that work in the key sectors that…
Read More » -
22 July
Sainsbury’s opens new local store in Salford
Sainsbury’s has announced the opening of a new local store in Salford this July. The store entitled ‘Sainsbury’s Salford New Bailey Square’, is situated within close proximity to Salford Central Station, and aims to offer nearby workers and residents a “convenient place to do their shopping”. The shop will feature…
Read More » -
22 July
Burberry opens flagship store in London
Burberry has announced the opening of its first flagship store which features the brand’s new global design concept, situated in Sloane Street, London. The store opening mirrors that of founder Thomas Burberry, who opened his first London store in the SW1 area 130 years ago, it still remains the home…
Read More » -
22 July
17,000 high street stores could open this year, says Barclays
Some 17,000 local high street stores could open within the next 12 months, as customers reportedly “adapt to a post-lockdown world by looking local”, according to Barclays Corporate Banking. Its research found that consumers have returned to physical stores with “confidence” since restrictions began to ease. Some 68% say they…
Read More » -
22 July
Unilever welcomes rising sales in H1
Unilever has reported an underlying sales growth (USG) of 5.4% year-on-year during the first half of FY21. The growth was supported by a 1.3% rise in underlying price growth and a 4% jump in underlying volume growth, when compared to H1 FY20. Despite the consumer goods company’s climbing USG, group…
Read More »
