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 -23 June
Superdry to relocate Regent Street flagship
Clothing retailer Superdry is to relocate its London flagship store on Regent Street after agreeing to surrender its lease early. First reported by Drapers, Superdry exited its flagship, which it has inhabited since 2011, earlier this month and is now looking for a new site. Superdry is said to be…
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23 June
Joules expects FY21 profits to beat expectations amid sales boost
Joules has anticipated FY21 pre-tax profits to range between £5.5m and £6.5m, making it slightly ahead of its current market expectations of £5.2m to £5.3m. The news follows the retailers’ recent trading update for the financial year ended 30 May 2021, which saw revenue increased by 4% to approximately £199m…
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23 June
Inc Retail Group announces Tootsa MacGinty acquisition
Inc Retail Group, a part of Inc and Co, has reportedly announced the acquisition of children’s clothing brand Tootsa MacGinty for an undisclosed sum. According to Drapers, the newly formed Manchester group completed the takeover in a bid to bolster its core offering. The group added that the deal “further…
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23 June
Asda donates £30k to support Manchester apprenticeships
Asda has announced plans to donate £30k to small businesses across Manchester to help fund 60 apprenticeships in the area. The group is working with the Greater Manchester Combined Authority (GMCA) who is helping distribute an initial £300,000 to local businesses. An apprenticeship levy is paid by large businesses and…
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22 June
Travis Perkins Q1 merchanting sales grow 6.3% from 2019
Travis Perkins has announced that its merchanting segment saw total sales between April and May 2021 rise 6.3% when compared to 2019 levels. In a trading update, the group claimed that its strong Q2 performance was also driven by both the domestic and commercial repairs, and maintenance and improvement (RMI)…
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22 June
Footfall drops 3.1% following gov announcement
Footfall dropped 3.1% last week following the government’s announcement that the lifting of restrictions will be delayed until 19 July, according to the latest figures from Springboard. For the week beginning 14 June, footfall declined across all types of high streets across the country, with London being the hardest hit…
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22 June
Amara partners with Women for Women International
Online retailer, Amara has announced a new partnership with non-profit organisation, Women for Women International (WWI). WWI helps women survivors of war rebuild their lives, by enrolling them on a year-long training programme. Through the charity’s Stronger Women, Stronger Nations programme, women form supportive networks and learn life-changing skills, such…
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22 June
Victorian Plumbing makes £850m stock market debut
Victorian Plumbing has officially made its stock market debut this morning (22 June) with an initial market capitalisation of £850m. Last week the group confirmed a conditional placing of 4,427,481 new ordinary shares and 109,122,138 existing ordinary shares, at a price of 262 pence per share. Through the placing of…
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22 June
Sainsbury’s launches new Bristol convenience store
Sainsbury’s has opened a new 2,700 sq. ft convenience store in Bristol. The grocer said the store, Bristol Charlton Hayes Local, aims to offer customers a wide range of chilled, fresh and frozen grocery and household products. It will also feature an instore bakery and a self-service Costa coffee machine. The…
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22 June
Amazon ‘destroys’ millions of unsold products each year
Amazon has been accused of destroying millions of unsold items every year at one of its UK fulfilment centres. An investigation conducted by ITV News has claimed that the waste, which included new and unused products, is composed of items that are either never sold or returned by a customer.…
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