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 -16 June
Boohoo opens talks for Debenhams store return
Boohoo is reportedly in talks to open a Debenhams store in a bid to land deals with a number of beauty brands. According to the Times, “one store and one store only” will be opened to cater for those brands that would only supply when there is a physical retail…
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16 June
Made.com debuts on stock market with £775.3m price offer
Made.com has confirmed its intention to float on the London Stock Exchange on 21 June 2021 with an offer price of £775.3m. The online furniture retailer first announced its plans to debut on the market last month with the latest announcement revealing that the IPO has been set at 200…
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15 June
Ikea France fined €1m for staff privacy breaches
Ikea France has been fined €1m (£862,101) after its former CEO, Jean-Louis Baillot, was found guilty of collecting private data on some 400 staff, according to the BBC. As a result of being found guilty by a French Court, Baillot was sentenced to a two-year suspended jail term and €50,000…
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15 June
Sunak to reject furlough extension calls despite ‘freedom day’ delay
Chancellor Rishi Sunak is reportedly set to reject calls for an extension of the furlough scheme and business rates report to businesses despite the prime minister announcing a four-week delay to the lifting of restrictions. According to the Guardian, sources close to the chancellor have said that he believes sufficient…
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15 June
H&M sales soar 75% in Q2
H&M has reported a quarterly turnover rise from the year before as Covid-19 restrictions continue to ease, despite overall revenue remaining below 2019 levels. In the second quarter of 2021, the retail group reported a net sales increase of 75% in local currencies compared with the same period last year.…
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15 June
Boohoo see Q2 revenues surge 32% to £486m
Boohoo has reported a 32% surge in group revenues for the three months to 31 May 2021 from £367.8m to £486.1m which was spurred on by retailers turning to online shopping during the pandemic. UK revenue contributed heavily to the overall sales growth, which saw a 50% increase from £183m…
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15 June
Very recruits 30 young people via Gov’s Kickstart initiative
The Very Group has announced plans to create 30 new roles as part of the government’s Kickstart scheme to “improve opportunities” for young people at risk of “long-term unemployment”. The roles are open via JobCentre Plus to 16 to 24 year olds on Universal Credit. It aims to offer work…
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15 June
BNPL spending to reach $1trn by 2026
Global spending through buy-now-pay-later schemes is set to reach $995bn (£705bn) by 2026, up from $266bn (£188bn) in 2021, according to a new study from Juniper Research. The 274% growth will reportedly be fuelled by a “greater appetite” from users for credit to spread costs when purchasing, especially as the…
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14 June
UK Flooring Direct appoints new CCO
UK Flooring Direct has announced the appointment of Elia Green as the new chief commercial officer (CCO). Green was originally appointed head of marketing campaigns in April 2019 and since then has achieved three promotions, from commercial director to now taking a place on the company board. The retailer is…
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14 June
Cox & Cox invests in consumer protection as sales soar
Homeware retailer Cox and Cox has joined the Furniture and Home Improvement Ombudsman (FHIO) amid reported sales growth of 74.5% year on year for the period ending January 2021. Cox and Cox said the decision comes as it aims to demonstrate its “ongoing commitment to raising standards and promoting consumer…
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