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 -18 June
John Lewis appoints AlixPartners to conduct supply chain review
John Lewis has reportedly appointed AlixPartners to conduct a strategic review of its supply chain and buying habits. According to Drapers, the restructuring firm has been instructed to examine its supply chain and its buying practises, including intake margins, in order to see if it can save variable costs. The…
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18 June
Over a quarter of all UK payments now contactless
UK Finance, the trade association for the country’s banking and financial services sector, has revealed that more than a quarter of all UK payments are now contactless. The body’s 2021 Payment Markets Report revealed that the number of contactless payments made in the UK increased by 12% to 9.6 billion…
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18 June
Usdaw urges Boohoo to engage in talks ahead of AGM
Retail trade union Usdaw said it has once again urged Boohoo to engage in talks to recognise the union ahead of the fashion giant’s AGM, which is set to take place later today (18 June). The union, which represents workers at Boohoo’s warehouse and call centre in Burnley, as well…
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18 June
Waterstones FY20 revenues decline 4.3% to £376m
Waterstones has reported a 4.3% year-on-year decline in revenues to £376m for the 52 weeks ended 25 April 2020. The books retailer also saw a contraction in profits after tax, falling 8.3% from £22.7m in FY19 to £20.8m in FY20. For consecutive years, no dividend was paid or declared during…
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18 June
Tesco sees sales slow in Q1
Tesco has revealed that group retail sales for the 13 weeks ended 29 May 2021 increased 1% on a like-for-like basis compared with 2019, which saw a 9.3% increase, despite the supermarket being open during the lockdown periods. Across the board, UK sales grew by only 0.5% to £10bn, accounting…
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18 June
Return to restaurants sees retail sales fall by 1.4%
UK retail sales fell by 1.4% between April and May, following a sharp increase in April when retail restrictions were eased, according to data from the Office of National statistics (ONS). The largest contribution to the monthly decline came from grocery stores where sales volumes fell by 5.7% – the…
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17 June
Clarks to launch six new kids shop-in-shops
Clarks has announced that it will be launching six new kids shop-in shops from June 2021. The footwear retailer claimed that the new stores were in response to seeing an increased consumer demand when stores reopened in April. The spaces will be located at John Lewis stores throughout the UK,…
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17 June
N Brown returns to growth in Q1
N Brown saw a return to growth in Q1 FY22 as group revenues climbed 0.5% year-on-year to £168.7m during the period. Revenues at the retailer’s strategic brands, which included Jacamo, Simply Be, JD Williams, Ambrose Wilson, and Home Essentials, spiked 15.5% when compared to Q1 FY21. This has come as…
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17 June
Maternity brand Seraphine considering float on LSE
Maternity brand Seraphine has confirmed it is considering plans to float on the London Stock Exchange’s main market for listed securities. The company, which was founded in 2002, has submitted an application via its holding company, Kensington Topco Limited, for approval to the FCA. The group, which will be known…
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17 June
Dr Martens profits drop 30% amid IPO related costs
Footwear retailer, Dr Martens has revealed that its profit before tax dropped 30% to £70.9m from £101m for the year ended 31 March 2021 which was attributed to the £80.5m cost related to its London Stock Exchange IPO. Profit was also impacted by the group’s repayment of £1.3m in furlough…
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