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 -15 July
Lidl announces new healthy food commitment
Lidl has announced a new healthy food commitment, which will see the group increase sales of healthy and healthier products to at least 85% by 2025. As part of the commitment, its teams will assess over 200 lines each year that can be “improved to meet the criteria”. Furthermore, Lidl…
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14 July
Online spending to hit £120.48bn in 2021
Following a surge in online sales in 2020, UK shoppers are predicted to further increase their spending of online purchases in 2021 to £120.48bn, according to the latest report by VoucherCodes.co.uk. The research showed that online sales will make up almost a third (30.2%) of overall retail spending, equating to…
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14 July
John Lewis and Waitrose to axe 1,000 jobs across stores
The John Lewis Partnership has announced that John Lewis and its sister company Waitrose are set to cut 1,000 job roles across its stores. The redundancies are set to affect roles across 34 John Lewis and 331 Waitrose stores, and form part of a widespread restructuring of the company. Operations…
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14 July
Administrators appointed to wind up Arcadia Group
Mazars has been appointed as liquidators of Philip Green’s collapsed retail empire Arcadia Group -with the group looking to “repay key creditors”, including HMRC. Arcadia, which operated numerous high-street brands across the UK and globally, including Topshop, Burton and Dorothy Perkins, fell into administration towards the end of last year,…
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14 July
Boohoo expands Debenhams presence in Middle East
Boohoo has announced a new partnership with Alshaya Group to build on the presence of Debenhams in the Middle East region. This partnership marks a further step as the group accelerates progress integrating and scaling the Debenhams brand. The Alshaya Group, which currently runs Debenhams stores in shopping malls, will…
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14 July
ManoMano raises $355m in Series F funding round
ManoMano, a European marketplace specialising in DIY, home improvement, and gardening, has secured $355m (£257m) in a Series F fundraising round. The investment brings the now unicorn retail group’s valuation to $2.6bn (£1.88bn), with the UK acting as the company’s fastest growing market. Led by Dragoneer Investment Group, the round…
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14 July
Dunelm raises guidance amid ‘robust’ Q4 sales
Dunelm has raised its full-year guidance following a period of “exceptionally strong” growth post-lockdown, with Q4 sales soaring 101.7%, or 43.9% when compared to the same period in 2019. In light of its strong sales performance since reopening in April, as well as reporting a higher than anticipated gross margin…
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14 July
Sainsbury’s recalls vegan lasagne due to ‘traces of meat’
Sainsbury’s has issued a product recall after it was discovered that one of its vegan food items contained meat. In a statement, the supermarket giant said that its store branded ‘Veg Butternut Squash and Lentil Lasagne’ was found to contain milk, pork and beef, despite not being stated on the…
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13 July
Seraphine successfully prices IPO at £150m
Seraphine Group, the digitally-led maternity and nursing brand, has successfully priced its IPO’s market capitalisation at £150.2m. Priced at 295 pence per ordinary share, conditional dealings in the company’s shares commenced on the London Stock Exchange at 8am on 13 July 2021. Some 20,677,011 new shares have been issued by…
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13 July
Amara appoints new chief technology officer
Online retailer Amara has announced that Matthew Butlin has been appointed to the newly created role of chief technology officer (CTO). With two decades of experience in managing technology, he specialises in building technological knowledge for “high growth, high revenue” companies. Typical platforms that he has worked on include cloud…
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