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 -16 July
Uniqlo lowers FY forecast amid Q3 ‘shortfall’
Fast Retailing, the owner of Uniqlo, has lowered its full year forecast due to a “shortfall” in its Q3 results. The group saw revenues rise 9.9% year-on-year to ¥1,698bn (£11.2bn), and gross profit increase by 14.4% to ¥859bn (£5.65bn) during the first three quarters of FY21. Nevertheless, the company revised…
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16 July
Liberty London swings to £12.6m loss in FY21
Liberty London has swung to a management EBITDA loss of £12.6m for the 52 weeks ended 30 January 2021, following profits of £14.4m the previous year. While the group’s Great Marlborough Street flagship was closed for almost six months during the financial year, Liberty claimed that its online operations “benefitted…
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16 July
Eve Sleep revenue rises 13% in H1
Eve Sleep has announced that for the six months ended 30 June 2021, group revenue increased 13% to £13.9m, up from £12.2m the previous year. The growth was primarily seen through its online sales, with a “softer” performance from retail partners, reflecting lockdown restrictions over the first quarter as well…
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16 July
Burberry sales rebound in Q1
Burberry has welcomed a “strong” rebound in trading during its first quarter, as revenue soared by 86% to £479m in the period ended 26 June, 2021. Comparable store sales rocketed 90% against last year and by 1% against 2019, as sales across the business returned to pre-pandemic levels. Within these…
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16 July
Poundland owner welcomes ‘resilient’ trade in Q3
Pepco, the owner of Poundland, has welcomed a period of “resilient trading” in its third quarter, with the group revealing a like-for-like sales increase of 37.3% and 21.1% respectively for both its Pepco and Poundland brands. Total group revenue also increased 30.3% over the same period, rising to €1.043m (£8.9m). …
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15 July
Sainsbury’s encourages use of face coverings in stores
Sainsbury’s has confirmed that it will still encourage customers to wear face coverings inside the stores despite the lifting of restrictions on Monday 19 July 2021. Colleagues will also be encouraged to wear a face covering, unless they are behind a screen. In addition, the group said that all of…
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15 July
Burberry non-exec director Dame Carolyn McCall resigns
Burberry has announced that Dame Carolyn McCall is set to retire as a non-executive director at the company. McCall will step down from her role on the board following the close of the financial year on 2 April 2022. Currently the chief executive at ITV, McCall, has also served a…
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15 July
Asos sales rise 26% despite Covid ‘uncertainty’
Asos has reported that total sales soared 26% to £1.24bn in the four months ended 30 June 2021, up from the £983.3m reported the previous year, as the retailer continued to attract more customers. Total group revenue also increased over the period, rising by 27% to £1.28bn, up from £1.01bn…
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15 July
Halfords to hire 700 in recruitment drive
Halfords has set upon a recruitment drive that will see over 700 new staff members across a range of positions added to the group. The available roles at the retailer include vehicle technicians, MOT testers, cycle technicians, auto technicians, store and autocentre colleagues, department supervisors, and management. Following the appointments,…
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15 July
Kingfisher raises guidance as sales rise 22%
Kingfisher has announced it is raising its guidance for its half-year results after reporting that like-for-like sales in Q2 were up by 22.3% against 2019. In light of “high levels of demand” from its customers across retail and trade, the owner of B&Q and Screwfix now expects its half-year profit…
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