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 -13 May
Burberry FY21 revenues decline 10%
Burberry saw its revenue for the 12 months to 27 March 2021 decline 10% year-on-year at CER to £2.34bn. The fashion house’s adjusted operating profit represented a similar fall, dropping 8% from £433m in FY20 to £396m in FY21. The group’s revenues suffered during the first half of the period,…
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13 May
Retail sales up by 7.3% in April after reopening
Retail sales increased substantially between 4 April and 1 May 2021, around the time non-essential retail was allowed to reopen, compared to April 2019, according to the British Retail Consortium (BRC) and KPMG’s survey of retailers in the UK. Due to 2020 being a “turbulent time” for the sector, BRC…
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13 May
Sainsbury’s partners with Carluccio’s on trial in-store concepts
Sainsbury’s has announced that it will be partnering with Carluccio’s to test out three new in-store concepts which will open from 3 June 2021. The first format will be a coffee shop in the supermarket’s St Albans superstore, offering customers eat-in as well as takeaway options. The 900 sq ft…
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13 May
Online sales in April ‘impressive’ despite high street reopening
Online retail sales have continued to grow in April, rising 10.2% year-on-year, despite the reopening of the high street and against strong figures for April 2020. According to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers, there was still some evidence…
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12 May
Lidl commits to sustainability with creation of carbon-neutral cheddar
Lidl has announced that, alongside Wyke Farms, it will create a carbon-neutral Cheddar by the end of 2021. This news follows the supermarkets commitment to reduce carbon across its supply chain and support more sustainable farming practices. Through sustainable working practices, the supplier will aim to save 22.5 million kgs…
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12 May
Vinted completes €250m fundraising round
Vinted, the C2C second-hand fashion platform, has completed a €250m (£214m) series F fundraising round at a pre-money valuation of €3.5bn (£3bn). Founded in 2008, the Lithuanian-based marketplace now operates across 10 European markets, and has a global network of over 45 million members. The investment round, led by EQT…
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12 May
UK economy shrinks 1.5% in Q1 despite signs of recovery
The UK economy shrank by 1.5% during the first three months of the year due to the impact of the national lockdown. According to the latest figures by the ONS however, the contraction shows a marked improvement on the first lockdown last year when gross domestic product (GDP) contracted by…
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12 May
Retail businesses started in 2020 to create 5,500 jobs
Retail businesses started in 2020 are set to create thousands of jobs in the coming years, as one-in-four retail business owners plan to hire one or more employees, according to new research by The Accountancy Partnership. It found that a quarter of commerce entrepreneurs who started a business during the…
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12 May
Retailers almost halve carbon reduction targets
UK Retailers have almost halved their 2020 carbon reduction targets according to the latest data from the British Retail Consortium (BRC). The data showed that carbon emissions fell by 49% since 2005, exceeding the original target of a 25% absolute reduction. These targets form part of the BRC’s climate action…
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12 May
Angling Direct FY21 revenues soar 27.1%
Angling Direct, the fishing tackle and equipment retailer, saw group revenue spike 27.1% year-on-year to £67.6m in FY21. The firm’s gross profit rose 39.5% from £16.6m in FY20 to £23.1m this year, as its EBITDA climbed £5m to £5.7m for the 12 months to 31 January 2021. Online sales at…
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