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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Jun- 2021 -28 June
Greggs sales ‘stronger than anticipated’ post-lockdown
Greggs has revealed that the level of sustained sales recovery is “stronger than anticipated” since its previous trading update, adding that if it were to continue, its performance would have a positive impact on its full-year results. In recent weeks, while the impact of pent-up demand for retail has reduced,…
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25 June
Sainsbury’s to roll out new recycling system in 520 stores
Sainsbury’s has revealed that it will be rolling out a new recycling system in 520 of its supermarkets, allowing customers to recycle all flexible plastic packaging. Following a successful trial in the North East of England, the front of store recycling points will make it easier for customers to make…
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25 June
Nike Q4 revenues surge 96% to £8.85bn
Nike saw its revenues spike 96% year-on-year to $12.3bn (£8.85bn) for the three months ended 31 May 2021. The group also saw a return to net profits of $1.51bn (£1.09bn) in the quarter, up from its $780m (£561m) net losses seen in Q4 FY20. The surge in Q4 revenues contributed…
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25 June
Long-term WFH may damage ‘perfectly good’ retailers, says BIRA CEO
A permanent working from home post-lockdown model could damage “perfectly good” businesses, according to the British Independent Retailers Association’s (BIRA) CEO. In an interview with the Daily Telegraph, Andrew Goodacre addressed how businesses in London would specifically be adversely affected by such a change. Goodacre’s intervention comes after research from…
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25 June
Consumer confidence remains stable despite restrictions delay
Consumer confidence remained stable at -9 in June despite the government’s recent announcement to delay the easing of Covid-19 restrictions, according to GfK’s long-running Consumer Confidence Index. The index revealed that although four measures were up in comparison to the 21 May announcement, one measure was down. The index measuring…
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25 June
Canada Goose to stop using fur
Canada Goose has announced that it will stop using fur in its products by the end of the year and will aim to cease manufacturing with fur by 2022. The news falls in line with the retailer’s sustainability commitments, having already announced its aim to achieve net-zero carbon emissions and…
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25 June
Asos to slash roles at Topshop
Asos is set to make a series of redundancies across the Topshop, Topman and Miss Selfridge brands, Drapers has revealed. The redundancies are reportedly set to affect around 38 employees across senior buying, established buying, design and merchandising. Sources told Drapers that the brand’s employees were informed of the plan…
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25 June
Co-op introduces flexible pregnancy loss policy
Co-op has announced the launch of a new pregnancy loss policy, centred around a flexible paid leave structure. Designed to support the group’s colleagues through bereavement and grief, the policy covers a range of cases, including but not limited to miscarriage, stillbirth, embryo transfer loss, molar pregnancy, and termination of…
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25 June
Lidl calls on developers to ‘help find potential sites’ for new stores
Christian Härtnagel, CEO at Lidl GB is calling on developers and landlords across the UK to “help find potential sites” to build Lidl stores. Härtnagel said the request demonstrates the “continued ambition” the discount retailer has to “expand” its store portfolio across the nation. The statement comes as Lidl revealed…
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24 June
Selfridges opens garden centre at flagship store
Selfridges London has revealed that its Accessories Hall and the store exterior on Duke and Orchard Streets has been transformed into a garden centre as part of its “Good Nature”, creative theme for 2021. The garden centre sells gardening tools, seeds, indoor and outdoor plants and pots, as well as…
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