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.
-
May- 2021 -12 May
Young shoppers main drivers of high street footfall, data finds
Millenials are the primary drivers of high street footfall in the UK since non-essential retail stores in England reopened on 12 April, according to new data from global payments platform Adyen. Over a third (34%) of young people surveyed by the service said that they missed physical stores while they…
Read More » -
11 May
Aldi supports fishing industry with new seasonal range
Aldi has announced it will be launching a new range of seasonal fish from Thursday 13 May 2021 in a bid to support the British fishing industry. The range features species mostly fished on the south coast of Britain that would normally have been sold to restaurants across the UK…
Read More » -
11 May
OnBuy adds raft of new staff members
OnBuy has added 32 new staff members across multiple departments at the firm, as the group continues along its recruitment strategy. The hires include three new senior director appointments, as well as customer service agents, UX researchers, content writers, software development manager, a digital PR manager, and two recruitment managers.…
Read More » -
11 May
Pret to trial stores inside Tesco supermarkets
Pret a Manger is reportedly set to trial opening stores located inside Tesco supermarkets in a bid to attract a new type of customer to its offering. According to The Times, the cafe chain will open its first in-store site at the Tesco Superstore in Kensington in June, with another…
Read More » -
11 May
Morrisons predicts stronger profits amid sales surge
Morrison’s has predicted that net debt for the year will be no higher than pre-pandemic levels and that profit before tax will grow to more than the £431m the group achieved last year had the group not waived its right to £230m business rates relief. The news follows the supermarket’s…
Read More » -
11 May
Hotel Chocolat reports Easter revenue boost
Hotel Chocolat has reported a year-on-year revenue increase of 60% over the eight weeks to 25 April, attributed to the rise to the Easter holiday and Mothers Day celebrations. The revenue surge was reported despite its stores being closed for six weeks of the period due to Covid-19 lockdown restrictions.…
Read More » -
11 May
Joules raises full-year guidance amid ‘encouraging’ trading
Joules has announced it has raised both its revenue and pre-tax profit guidance after being “encouraged” by recent momentum across its retail channels. In its latest update for the 11 months to 2 May 2021, the group said it has continued to deliver a “positive performance” across its retail channels…
Read More » -
11 May
THG announces $1bn capital raising
The Hut Group (THG) has announced a capital raising of roughly $1bn (£708m) to support the continuation of the group’s M&A strategy. The funds will consist of a $730m (£517m) subscription agreement with SB Management (SBM), totalling 86,621,797 new ordinary shares at the placing price. An institutional placing of up…
Read More » -
10 May
PM confirms further easing of restrictions from 17 May
Prime minister Boris Johnson has confirmed that indoor hospitality can return next week as the government moves ahead with the next step in its roadmap out of lockdown. From the 17 May, six people or two households will be allowed to meet inside, whilst indoor hospitality will also be able…
Read More » -
10 May
JTF Central eyes 50-shop UK portfolio
Discount retail chain JTF Central is set to open 50 high street sites across the UK, following its upcoming debut launch in Hull. The new venture, which will operate as an extension to JTF Mega Discount Warehouse, is set to create 2,000 jobs. The wider group currently trades with a…
Read More »
