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 -25 May
Sosandar raises £5m in share in placing
Online womenswear brand Sosandar has revealed it has raised over £5m through an “oversubscribed” share offering. The AIM-listed company proposed placing on 24 May and which closed earlier this morning (25 May) of 26,190,210 new ordinary shares of 0.1p each which was conducted via an accelerated bookbuild at a price…
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25 May
Retail footfall edges up amid surge in evening shopping
UK retail footfall rose 1.1% last week from the week before, which was attributed to a surge in evening shopping, according to the latest results from Springboard. The research showed that footfall increased 2.4% in high streets and 1% in shopping centres whilst retail parks footfall dipped 1.7%. In addition,…
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25 May
Mothercare sales plunge 40% in FY21
Mothercare has revealed that sales in its unaudited full-year results are set to plunge 40% to £326m, reflecting the impact of the pandemic on the global markets in which its franchisees operate. The group said the impact of Covid-19 has “varied enormously” by market as countries have addressed the pandemic…
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25 May
Ted Baker completes bank refinancing after Covid halts results
Ted Baker said it has signed an extension to its revolving credit facility (RCF) with its existing lending syndicate. Under the new terms, the existing RCF of £108m maturing in September 2022 and restricted RCF of £25m maturing in January 2022, will be replaced by a new RCF of £90m…
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25 May
Family spending power reaches 11-year high
The average family disposable income in the UK has reached an 11-year high, according to Asda’s latest Income Tracker. Income increased by 13.1% year-on-year in March, representing a weekly income rise of £28 for each household. London saw the smallest annual growth with a rise of 8%, while disposable incomes…
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24 May
Capri announces boardroom changes
Capri Holdings, a global luxury fashion group, has announced that M William Benedetto is set to retire from his role as lead director at the group on 28 July 2021. Benedetto has worked at the owner of Michael Kors, Jimmy Choo, and Versace since 2011, serving on the audit committee,…
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24 May
Homebase opens new store in Cheltenham
Homebase has revealed that it has opened a new store in Cheltenham, marking the first one to open in six years. Located on Tewkesbury Road, the new 36,591 sq. ft store has created 29 jobs in the local area. Included in the new showroom is a variety of kitchen and…
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24 May
John Lewis chair calls for rates rethink to help ‘level’ up retail
John Lewis chair Sharon White has called for chancellor Rishi Sunak to scrap the business rates system in favour of a new land tax which could help “level up” the playing field when it comes to physical and online retail. Speaking to The Telegraph, White said that reform is needed…
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24 May
M&S to buy more goods from EU amidst NI border disruption
Marks and Spencer will reportedly buy more food from EU countries as the group looks to “reshape its supply chain” amidst struggles with the Northern Irish border. According to The Telegraph, M&S has plans to also source more goods from the Continent as well as Ireland and Northern Ireland, after…
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24 May
Seraphine owner eyes London IPO
The new owner of the maternity wear brand Seraphine is reportedly eyeing plans to deliver it to the London stock market, according to Sky News. Mayfair Equity Partners, which purchased the label last December, is close to hiring bankers to explore the potential IPO, according to reports. According to Sky,…
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