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.
-
Jun- 2021 -24 June
Poundland wins £2.15m HMRC VAT case
Poundland has won a £2.15m VAT case against HMRC regarding a stock adjustment dispute on the group’s switch from the old bespoke retail scheme. For businesses that earn an annual turnover of at least £100m, such as Poundland, it is necessary for a bespoke retail scheme to be agreed with…
Read More » -
24 June
Lyle & Scott to open its first London store
Menswear brand Lyle & Scott has announced it is to open its first store in the UK, located at Wembley Park’s London Designer Outlet. The heritage label will occupy more than 800 sq ft in the fashion and lifestyle outlet centre, which will be the fashion retailer’s only outlet store…
Read More » -
24 June
Seraphine confirms plans for £61m IPO
Maternity brand Seraphine has confirmed its upcoming float on the London Stock Exchange in an IPO that is expected to raise roughly £61m through newly issued shares. The float will also include sales shares sold by existing shareholders at the firm, including executive directors. The company plans to free float…
Read More » -
24 June
Nobody’s Child opens new London site
Nobody’s Child, a responsible women’s clothing brand, has opened a new site on 50 Carnaby Street, London. The new store offers customers the brand’s complete spring/summer collection, including dresses, loungewear, and swimwear. In addition, customers can also shop a “curated collection” of independent labels including Every Nook, Ammé, and LØCI.…
Read More » -
24 June
Usdaw urges gov to accept new worker protective measures
The Union of Shop, Distributive and Allied Workers (Usdaw), retailers, and trade bodies are standing together, calling on the prime minister to accept that legislation is needed to protect the UK’s three million retail workers. The news follows the government’s recent rejection of the calls with it being urged to…
Read More » -
24 June
Poundland owner revenues up 9% in H1
Pepco Group, the owner of Poundland, has welcomed a “positive trading performance” in its H1 results, reporting total revenue growth of 9%. Its trading stores saw a like-for-like growth of 5%, which was consistent with the past three years’ performance pre-pandemic. Group like-for-like sales fell by 2.1%, however, reflecting the…
Read More » -
24 June
69% of young shoppers ‘shop and drop’ online, research finds
Around 69% of consumers aged between 18-24 “shop and drop” online by abandoning their shopping baskets mid-purchase, according to Barclaycard Payment’s latest research. This has resulted in retailers missing out on £6.5bn from Generation Z shoppers, compared to a £3.5bn loss among the over 65s. According to Barclaycard’s survey of…
Read More » -
23 June
John Lewis expands furniture rental services
John Lewis has announced that starting next month, it will be expanding its first furniture rental service, doubling the range to offer over 200 lines. The news follows the retailer’s successful trial last year and builds on the existing partnership with Fat Llama. The expanded range will offer over 200…
Read More » -
23 June
Reformation to launch Covent Garden flagship
Sustainable fashion brand Reformation has agreed terms to launch a new London flagship store in Covent Garden. Opening at 27 King Street, the retailer’s latest flagship store follows from its first London site which opened in August 2019. Reformation was founded in 2009, and acts water, waste, and carbon neutral…
Read More » -
23 June
M&S to focus on equality with new lingerie line
Marks and Spencer has announced the launch of its new ‘Nothing Neutral About It’ lingerie range. The new range is part of the retailer’s mission to be more inclusive in the lingerie space, which it says was fuelled by the “global conversation on racial inequality, following the horrific death of…
Read More »
