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 -14 June
Primark to extend Luton site
Primark is set to extend and refurbish its store at The Mall, Luton. As part of the build, the site will be extended by almost 40% and the entire space will be refurbished to reflect Primark’s “latest shop fit and design”. The refurbishment, which will be completed this coming winter,…
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14 June
UK auction house launches new online store
John Pye, the leading UK auction house, has announced the launch of its brand-new online store. The John Pye Luxury Shop will be part of the business’ new diversification model and will allow its customers to purchase “one-of-a-kind items” from luxury designers. Recently, the auctioneer expanded into Northern Ireland with…
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14 June
Amara appoints new COO
Amara, an interior online retailer, has announced that Mark Higgins has been appointed to the newly created position of chief operations officer (COO). Having spent 24 years at Charles Tyrwhitt, he has since been consulting for several businesses, helping build and develop operations, infrastructure and customer service. At his new…
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14 June
Ted Baker losses widen to £60m
Ted Baker has announced that group revenue plummeted 44.2% to £352m in the year ended 30 January 2021, as the group was impacted by ongoing Covid restrictions. The fashion group’s losses widened to £59.2m, down from a profit of £4.8m the prior year, primarily driven by lower revenue levels but…
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11 June
Bira calls for extension of Gov’s TCR scheme
The British Independent Retailers Association (Bira) is calling for an extension in the government’s Trade Credit Reinsurance (TCR) scheme. CEO of Bira, Andrew Goodacre said the removal of the scheme as planned on June 30, 2021, could “not come at a worse time for independent retailers”. In May, the government…
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11 June
Asda sales climb 7.3% in Q1
Asda has revealed that its like-for-like sales climbed 7.3% for the three months ended 31 March 2021. The increase in like-for-like sales was driven by a 31% jump in clothing and a 39% spike in general merchandise sales. Moreover, like-for-like food sales at Asda also increased by 3.9% during the…
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11 June
Selfridges owners considering £4bn sale
The owners of Selfridges department store, The Weston family, are reportedly considering a £4bn sale of the property. According to reports first revealed by React News, the Weston family have been approached by an unknown buyer and have lined up Credit Suisse as advisers to explore a potential sale. It…
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11 June
Morrisons shareholders vote against exec bonuses
Morrisons shareholders have overwhelmingly voted against the retailer’s remuneration proposals which included paying David Potts, chief executive, £1.7m in bonuses, according to the BBC. Last year all Morrisons colleagues had their bonus “significantly enhanced” and paid early to recognise their “extraordinary commitment, innovation, selflessness” and hard work during the past…
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11 June
Hornby sales soar as lockdown drives hobbies
Hornby has announced that revenue soared by 28% to £48.5m in the year ended 31 March 2021, up from £38.7m the year before, as lockdown saw that the “old adage that people turn to hobbies in times of recession proved correct”. The group returned to profit for the first time…
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11 June
Naked Wines sees revenues soar 68%
Naked Wines has seen its revenues increase by 68% to £340.2m in the year ending 29 March 2021 – following a surge in new customers and sales. In a trading update, the pure play e-commerce wine retailer thanked an “accelerated shift” in online wine purchasing due to Covid-19 for the…
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