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 -17 June
Gov extends rent moratorium for another nine months
Stephen Barclay MP, the chief secretary to the Treasury, has announced the government’s extension of the rent moratorium for an additional nine months. The measure will assist retailers and hospitality businesses in surviving the year and will prevent landlords from evicting tenants for failing to pay rent throughout the rest…
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17 June
Halfords profits soar in FY21 amid cycling boom
Halfords has welcomed a “strong” year of trading, as pre-tax profit soared by 72.3% to £96.3m in its preliminary results for the year ended 2 April 2021. In the same period, revenue rose by 13.1% to £1.3bn, while total revenue across its retail business rose by 9.4%. Retail LFL sales…
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17 June
Oxford Circus to be transformed into ‘pedestrian piazzas’
Oxford Circus will be transformed into two, “pedestrian-friendly piazzas” as part of plans unveiled by Westminster City Council and The Crown Estate to revive Oxford Street and the wider district. The organisations said that work will begin on the area later this year, with the reconstruction set to provide “significant…
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17 June
Victorian Plumbing market cap valued at £850m upon IPO
Victorian Plumbing, the online retailer of bathroom products and accessories, has revealed its market capitalisation upon admission to trading on AIM to be roughly £850m. The group has 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.…
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16 June
Aldi to expand Scottish presence with 20 new locations
Aldi has announced it is on the lookout for 20 new store locations in Scotland as it moves to expand its presence in the country. The areas in Scotland where it is now looking for sites include Clarkston, Peebles and Stonehaven. The supermarket chain currently operates 96 stores in Scotland…
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16 June
Issa Brothers given green light for £6.8bn Asda takeover
The Competition and Markets Authority (CMA) has accepted the Issa Brothers offer to sell 27 of their 395 EG Group petrol filling stations in a bid to close their £6.8bn takeover of Asda. In April, the competition watchdog launched an investigation into the deal after it was feared that the…
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16 June
Westfield owner names Caroline Puechoultres as CCO
Unibail-Rodamco-Westfield (URW), the owner of Westfield, has announced the appointment of Caroline Puechoultres as chief customer officer (CCO) at the group. Effective 15 July 2021, the addition is part of the firm’s wider strategy to capture growth opportunities in a changing retail environment as an increasingly customer-focused brand. In the…
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16 June
UK inflation hits 2.1% as clothing prices rise
Inflation in the UK rose to 2.1% in May, up from 1.5% in April, according to the latest figures from the Office for National Statistics (ONS). This increase has been fuelled by an increase in consumer spending as the British public comes out of lockdown. Meanwhile, clothing prices jumped by…
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16 June
ScS upgrades FY21 outlook amid ‘strong’ trading
ScS has announced that it now expects its full year performance for FY21 to be ahead of market expectations, following a “very encouraging” performance since the reopening of its stores. The group also experienced strong order intake growth over the first 21 weeks of the financial year despite the impact…
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16 June
Asda opens ‘biggest refill zone’ in York
Asda has announced plans to open its biggest refill zone to date in York in October. The zone will feature 18 standalone bays with over 70 branded and own-label products in refillable format with brand new product types including dried Mars pet food and additional ranges of snacking, desserts and…
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