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 -21 July
Aldi to donate over a million meals during summer holidays
Aldi has revealed that it will be supporting charities throughout the UK by donating more than one million meals to people in need during the summer school holidays. The supermarket is pairing its stores up with local charities, community groups and food banks to donate surplus food, with more than…
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21 July
Mike Ashley launches high court action over Debenhams collapse
Sports Direct owner Mike Ashley has reportedly gone to the High Court to set aside a settlement agreed with Debenhams and its administrators earlier this year. According to the Times, the retail tycoon intends to “kickstart investigations” into the department store’s directors and advisors following its collapse. If accepted, the…
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21 July
CD&R considering second Morrisons bid
American private equity firm Clayton Dubliner and Rice (CD&R) is reportedly considering making a second bid for UK supermarket chain Morrisons. According to The Times, CD&R is said to be working on a financial package with JP Morgan, Goldman Sachs and BNP Paribas. CD&R failed with a £5.5bn bid last…
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21 July
Wickes sales surpass pre-pandemic levels in H1
Wickes has revealed that sales have once again surpassed pre-pandemic levels following a strong half-year of trading, as the group reported a two-year sales growth of 22.4% in H1. Meanwhile, like-for-like growth for the 26 weeks to 26 June 2021 rose by 33.1% year-on-year. Since reopening, ordered sales have grown…
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21 July
Next upgrades profit guidance
Next has revealed it is raising its profit guidance for the rest of the year after beating its expectations for full price sales, with a rise of 19% in the last 11 weeks compared with figures posted two years ago. The fashion retailer said it originally assumed an increase of…
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21 July
MySale returns to profitability in FY21
Online retailer MySale has welcomed a period of ‘excellent progress’ in the full-year ended 30 June 2021, returning to profitability with underlying EBITDA ahead of market expectations at A$4.2m (£2.3m), A$6.9m (£3.7m) from the A$2.7m (£1.4m) loss in FY20. While core revenue rose by 14%, group total revenue fell by…
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21 July
HMV to open 10 high street sites
HMV, the music and entertainment retailer, reportedly intends to launch 10 new shops across the UK this year. According to the BBC, the plans include the opening of a new London flagship site, following the closure of its former Oxford Street flagship as the group collapsed into administration over two…
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20 July
Morrisons kicks off work at new Kirby store
Morrisons has revealed that it has started work on the fitout of its new store in Kirkby which is due to open later this year. Over the next few months, the supermarket chain will be transforming the 47,100 sq ft which will feature market street counters as well as a…
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20 July
Apollo pulls out of solo Morrisons bid
Apollo Asset Management has revealed it will no longer push ahead with a solo takeover offer for UK supermarket Morrisons, but said it is in discussions to join a rival bid. In a statement released today (20 July) the company said it is in “preliminary discussions” to join forces with…
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20 July
The Works welcomes ‘resilient’ FY performance despite sales hit
The Works has announced that total revenue fell by 19.7% to £180.7m in the year ended 2 May 2021, down from £225m the year before, as the group was affected by ongoing store closures amid the national lockdowns. Nonetheless, the group said it welcomed a “resilient” performance, with store like-for-like…
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