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 -20 July
Sosandar FY21 profits up 33%
Sosandar has revealed its gross profit for the year ended 31 March increased 33% to £5.8m from £4.4m the previous year, which was aided by a 40% increase in repeated orders. Revenue also grew by 35% to £12.2m from £9.03m with a particular nod to the first quarter which boasted…
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20 July
Bestway FY20 profits soar 82% to £38m
Bestway Wholesale Group has reported a year-on-year rise in EBITDA of 81.8% in FY20, up from £20.8m to £37.9m. Revenues at the owner of Bestway Wholesale, Bestway Retail, Bestway Northern, Bestway Property, and MAP, also increased, but at a slower rate of 1.4% year-on-year to £2.55bn. The year to June…
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19 July
Weird Fish raises over £250k for charity
Clothing brand Weird Fish has announced that it has raised over £250,000 through its initiatives with charity partners including the RSPB and Battersea Dogs and Cats Home. The retailer began its partnership with wildlife conservation charity RSPB in 2015, and has since raised £174,000 through the sales of nearly 30,000…
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19 July
NBA launches debut UK store in partnership with Fanatics
The National Basketball Association (NBA), in partnership with sports merchandise retailer Fanatics, has announced the launch of a debut UK NBA store. Located at 14-16 Foubert’s Place in London’s Carnaby, Soho area, the store features a range of NBA and WNBA merchandise and memorabilia. Products such as apparel, jerseys, headwear,…
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19 July
Morrisons set to unveil plans for chekout-less store
Morrisons is reportedly set to unveil plans for a checkout-less store, allowing customers to place their shopping straight into their bags and leave the store. According to reports first revealed by the Mail on Sunday, the grocer is currently trialling a store for its staff outside of its HQ in…
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19 July
Puma profits hit £93m in Q2
Puma has reported that its profits hit €109m (£93m) in its second quarter of trading, up from a previous loss of €115m (£98) in 2020. The group noted that the increase was predominantly due to a range of new product launches, with “high sell-throughs” and strong growth across all regions,…
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19 July
Footfall set to spike amid ‘Freedom Day’
Footfall across the UK is set to rise by 19.7% this week in the wake of ‘Freedom Day’, according to the latest data from Springboard. It comes as restrictions are set to be lifted in England from today (19 July) onwards. According to Springboard, whilst the removal of restrictions in…
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19 July
Sephora agrees £132m Feelunique takeover deal
French cosmetics group Sephora has reportedly agreed a takeover deal with Jersey-based beauty retailer Feelunique for £132m. According to ITV News, the deal will include Feel Unique’s online arm as well as its three Channel Islands stores. The deal marks an expansion into the UK by the LVMH owned cosmetics…
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19 July
Tesco launches new charity scheme with FareShare
Tesco has launched a new UK-wide scheme, which will allow customers to provide free meals to children in need. The store’s ‘Buy One to to Help a Child’ initiative will see the group make a donation to FareShare, a charity network aimed at relieving food poverty in the UK, every…
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16 July
M&S extends activewear brand range
M&S has announced that it is launching the latest product range for its activewear brand Goodmove which will be supported by a new customer campaign. The brand was first launched at the beginning of 2020 and has since expanded into both mens and kids wear at the beginning of 2021.…
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