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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May- 2021 -28 May
Co-op opens new site at Keele University
Co-op has signed its next university franchise store, with a shop set to open at Keele University, Newcastle in September. The new store, which will be managed and run by Keele University Students’ Union, will serve its students, staff and local community. Co-op said it will stock its own brand…
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28 May
Hammerson launches £600m sustainability-linked bond
Hammerson has announced the launch of a €700m (£600m) real estate sustainability-linked bond, with a six year maturity period and a 1.75% coupon. This new issuance was added with tender offers announced on 20 May 2021 in respect of the €500m (£430m) 2% bonds due 2022 and the €500m (£430m)…
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28 May
Retail NI welcomes top up grants
Retail NI has welcomed the commencement of the issuing of £72.3m in top up grants to Northern Irish businesses that remained open during the most recent restrictions. Over 13,000 trading businesses were unable to receive the most recent financial support, but their “trade and footfall” was still impacted as a…
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27 May
LCP acquires Trafford shopping parade for £9.5m
LCP has announced that it has signed a new deal to acquire a shopping parade in Trafford for almost £9.5m on behalf of Sheet Anchor Investments, one of the group’s managed companies. The centre has 21 retail units and is anchored including Sainsbury’s, Aldi, Costa Coffee, Iceland and Boots. In…
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27 May
Tempur Sealy to acquire Dreams for £335m
Tempur Sealy International, a global bedding provider, has announced an agreement to acquire specialty UK bed retailer Dreams for $475m (£335m). The deal, which will take place between Tempur and an affiliate of Sun Capital Partners, is set to accelerate the group’s growth the the UK bedding marking. Acting as…
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27 May
Usdaw workers petition set for parliamentary debate
The Union of Shop, Distributive and Allied Workers (Usdaw) has revealed that its petition to protect retail staff from violence, threats and abuse has accelerated and been timetabled for a parliamentary debate on Monday 7 June 2021. Launched by the unions general secretary Paddy Lillis, the petition attracted 104,000 signatures…
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27 May
Pets at Home sales top £1bn in FY21
Pets at Home has reported that group sales rose by 7.9% to £1.14bn in its financial report for the 52 weeks ended 25 March. The pet retailer also saw a 35.5% increase in statutory pre-tax profit to £116.4m over the period, with like-for-like sales also jumping 8.7%. For Pet at…
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27 May
Frasers Group ends Hugo Boss rumours
Mike Ashley’s Frasers Group has denied rumours that it plans to launch a takeover bid for luxury fashion house Hugo Boss. The claim was first reported in the Telegraph on Friday 21 May, resulting in a 7% jump in shares at the premium fashion brand. However, in a London Stock…
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27 May
Sainsbury’s unveils new healthy eating brand commitment
Sainsbury’s has announced that it will retire its ‘Live Well for Less’ motto, and adopt a new brand commitment og “helping everyone eat better’. This change will see the supermarket give customers advice based on the principles of the government’s Eatwell Guide – a policy tool used to define government…
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26 May
British Land sees portfolio value plummet £2bn
British Land has seen the valuation of its portfolio cut by £2bn during FY21, falling from £11.16bn to £9.13bn in the period. The 10.8% year-on-year decline in the group’s portfolio value was driven by a 24.7% decrease for the year ended 31 March for British Land’s retail operations. The property…
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