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 -11 June
Wiggle acquired as part of $3.2bn deal
German online retail group Signa Sports United (SSU) has announced the acquisition of Portsmouth-based online bike retailer WiggleCRC, as part of a $3.2bn (£2.26bn) transaction with Yucaipa Acquisition Corporation. Through the deal, SSU will also acquire the Wiggle-owned Northern Irish retailer Chain Reaction Cycles. Upon completion of the combination with…
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11 June
Retail sector boosted by ‘buoyant’ sales
The UK’s retail sector in May has been boosted by “buoyant” sales, according to the British Retail Consortium (BRC). Over the period, sales increased by 10% on a year-on-two-years basis, against a decline of 2.7% in May 2019. This represents a rise from the three-month average growth of 8.5%. Due…
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10 June
JLP to provide six months’ equal paid parental leave
The John Lewis Partnership (JLP) has announced that it will provide six months of equal parenthood paid leave, becoming the first UK retailer to do so. In addition, two weeks’ paid leave will be given for any of the group’s staff members that experience the loss of a pregnancy. The…
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10 June
N Brown Group appoints non-executive director
N Brown Group has confirmed the appointment of Dominic Platt as an independent non-executive director with immediate effect. Platt will chair the group’s audit and risk committee, a role that Vicky Mitchell has assumed in an interim capacity since 31 March 2021. He is currently the CFO of BGL Group,…
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10 June
Ted Baker delays FY results amid further Covid-19 disruption
Fashion retailer Ted Baker has delayed the release of its full-year results for a third time due to the impact of Covid-19 on the audit process. In a statement, the retailer said it now expects its results to be released on 14 June and expects them to be “in line…
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10 June
Card Factory swings to £16.4m loss in 2020
Card Factory has reported a pre-tax loss of £16.4m for the full-year ending 31 January 2021, down from £65.2m profit the previous year, as the company continued to be affected by the Covid-19 pandemic and ongoing lockdowns. Revenue plummeted 36.9% to £285.1m in the period, down from £451.5m in 2020,…
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10 June
Kingfisher unveils carbon reduction targets
Kingfisher has announced its new carbon reduction targets, which are consistent with reductions needed to keep global warming at 1.5°C. Over the past four years, the business has successfully cut operational carbon emissions by 27%. The group also formed a partnership with the Rainforest Alliance to “protect, restore and enable…
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10 June
DFS FY21 revenues climb 10.4%
DFS Furniture has revealed its revenues increased by 10.4% during the first 49 weeks of FY21 when compared to FY19 levels. In a trading announcement made ahead of the group’s full-year results on 27 June 2021, the furniture retailer claimed that it expects profit before tax for the period to…
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10 June
CMA could investigate Amazon over data fears
The CMA is reportedly planning to launch a formal competition investigation into Amazon, following a similar investigation launched by the EU, according to the Financial Times. Three people familiar with the situation reportedly told the FT that the competition watchdog has been analysing the online giant “for months”, with particular…
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10 June
Aldi introduces ‘Prevented Ocean Plastic’ packaging across fish range
Aldi has announced that it is introducing packaging made with ‘Prevented Ocean Plastic’ across its entire range of own-label fishcakes and crispbakes. The packaging, produced by Sharpak, part of Groupe Guillin, includes fully traceable and certified recycled waste plastic that has been “collected by communities living in coastal areas across…
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