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 -13 July
Hotel Chocolat raises profit forecast amid sales boom
Hotel Chocolat has anticipated that its underlying pre-tax profit for FY21 will be “higher than its previous expectations” amid a period of rising sales for the group. The revised expectation comes as the retailer’s post-close trading update reported a revenue increase of 21% to £165m for the full-year ended 27…
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13 July
Superdrug revenues tumble 15% in FY20
Superdrug saw its group revenues decline 15% year-on-year to £1.11bn in FY20, despite being classed as an “essential retailer”. Profit before tax at the health and beauty retailer also plummeted 79% year-on-year to £18.8m for the 52 weeks ended 26 December 2020. During the period, the company benefited from £14.2m…
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13 July
UK retail sales jump 13.1% in June
Total retail sales in the UK increased by 13.1% in June, according to the latest BRC-KPMG retail sales monitor. On a like-for-like basis, the country’s retail sales rose by 17% from June 2019, with non-food reporting a like-for-like sales jump of 47%. In the nation’s high street stores, sales were…
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13 July
Sainsbury’s opens new site in Hamilton
Sainsbury’s has announced the opening of a new local store in Hamilton. The 2,300 sq. ft store will be open to customers from 7am-11pm Monday through to Sunday, and will sell a range of grocery goods as well as coffee from a self service machine. Sainsbury’s has said it is…
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13 July
British Land welcomes rising rent collection
British Land has announced that following the latest quarter date for rental payments on 24 June, it has recorded higher levels of rent repayment, with 85% of June 2021 rent collected to date. Retail rent collection hit 71%, 24% ahead of rent collection at the same point for the December…
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12 July
Cath Kidston appoints new CCO
Cath Kidston has announced that Suzanne Egleton has been appointed as chief commercial officer (CCO) in a newly created role for the brand that oversees all revenue channels of lifestyle retailers. Egleton is a seasoned digital leader with experience in global fashion and lifestyle brands, with her most recent roles…
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12 July
Lidl commits to carbon neutrality by 2022
Lidl has announced a range of climate initiatives, including plans to become carbon neutral by 2022. Revealed as part of wider commitments made by Schwarz Group, the supermarket chain also claimed it aims to reduce its operational emissions by 80% compared to 2019 levels across all countries it operates in…
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12 July
Quiz sales hit £17.3m amid online boost
Fashion retailer Quiz has revealed that total sales for the period between 1 April 2021 to 30 June 2021 hit £17.3m, up from £4.2m the prior year, which was consistent with the board’s expectations. The increase was attributed to sales rising in the group’s websites, which saw sales total £4.6m…
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12 July
Footfall flatlines in June
Footfall from shoppers in the UK plateaued despite social distancing restrictions remaining largely the same, according to new data from the British Retail Consortium (BRC). The latest Footfall Monitor from BRC and Sensormatic found that overall footfall in the UK dropped by 27.6% in June compared to the same month…
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12 July
L Brands approves Victoria’s Secret separation
L Brands has announced that it has approved the previously announced separation of Victoria’s Secret into an independent, publicly traded company. Trading as Victoria’s Secret and Co, the group will include Victoria’s Secret Lingerie, PINK, and Victoria’s Secret Beauty. Set to become effective on 2 August 2021, L Brands shareholders…
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