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 -12 July
Nordstrom acquires minority stake in Topshop brands
ASOS has formed a joint-venture with Nordstrom, which will see the US department store chain invest in a minority interest of the Topshop, Topman, Miss Selfridge and HIIT brands. The UK online fashion retailer, which acquired the brands earlier this year, said the move will “help drive the growth” of…
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12 July
Klarna acquires shopping platform Hero
Klarna has announced the acquisition of the social shopping platform Hero, introducing the platform to its 250,000 retail partners across the world. The platform is reportedly designed to provide consumers with “inspiration, advice and immediately shoppable content produced directly from retailers’ physical stores”. Klarna said the acquisition would allow in-store…
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9 July
Co-op to launch ‘extensive’ recycling scheme in 1,500 stores
Co-op has announced that it will launch its most “extensive” in-store recycling scheme in 1,500 stores this month (July) and in 2,300 stores by November. The rollout of the scheme is set to see the convenience retailer have fully recyclable food packaging by the end of July and help tackle…
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9 July
Morrisons CEO to discuss takeover with business secretary
The CEO of Morrisons is to meet with business secretary Kwasi Kwarteng next week to discuss the potential takeover of the business by a consortium led by an US investment firm. According to The Times, Kwarteng has asked CEO David Potts to explain the reasoning behind the company’s decision to…
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9 July
June sees LFL retail sales rise by 52.1%
Total like-for-like (LFL) retail sales increased by 52.1% in June, according to the latest BDO’s High Street Sales Tracker. The tracker also revealed that retail sales jumped 41.7% in the third week of June from a “poor base” of 7.07% for the same week last year when non-essential retailers began…
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9 July
First London ‘Little Dobbies’ opens
Dobbies Garden Centres has announced the opening of the first London-based ‘Little Dobbies’, located on Westbourne Grove. This marks the third Little Dobbies to open in the UK, following the success of its first two format stores in Edinburgh and Bristol, and brings Dobbies’ total open stores to 72 across…
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9 July
Retailers team-up for campaign to tackle climate change
A group of retailers, including Kingfisher, Walmart, H&M Group and Ikea owners Ingka Group, have announced the launch of a new climate change initiative. The Race to Zero Breakthroughs: Retail Campaign has been created in partnership with the COP26 High Level Climate Action Champions and supported by the World Business…
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9 July
Sainsbury’s Leeds Colton site undergoes refurb
Sainsbury’s has unveiled its new look Leeds Colton supermarket following “months of refurbishment”. As part of the renovation work, the site has seen a new Argos, refurbished beauty department, patisserie counter and cafe created on site. In addition, the store’s chilled refrigeration cabinets and supporting infrastructure were also completely replaced…
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8 July
Boden secures new executive chairman
Retailer Boden has announced the appointment of Glen T. Senk as the newest executive chairman replacing Julian Granville. Senk was previously the chief executive of URBN, the listed company which includes Anthropologie, Free People and namesake Urban Outfitters. He has been a non-executive director of Boden for four years, he…
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8 July
Asos reduces per order emissions by 21%
Asos has revealed that it has cut operational carbon emissions per order by 21% year-on-year for FY20. The reduction follows the group’s successful implementation of its carbon 2020 strategy introduced in January 2020. FY20’s progress now means that the reduction in emissions per order at the online fashion retailer stands…
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