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 -7 May
Asda pledges to be a net zero carbon business by 2040
Asda has pledged to become a net zero carbon business by 2040, as the company publishes its first Environmental, Social and Governance (ESG) report. According to the grocer, the push to become a net zero carbon business will see the group reduce its GreenHouse Gas emissions by 50% by 2025. …
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6 May
Made.com expands warehouse operations
Made.com (Made) has announced that it will expand its UK operations with the development of an additional 350,000 sq ft warehouse at DP World’s London Gateway Logistics Park in Tilbury. The warehouse is expected to create up to 100 new jobs across the operative and administrative roles. The extension of…
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6 May
Sainsbury’s appoints Paula Nickolds as commercial director
Sainsbury’s has announced the appointment of Paula Nickolds as general merchandise and clothing commercial director at the group. Formerly a managing director at John Lewis, Nickolds will join the supermarket chain in June and act as a member of the firm’s operating board. In the role, Nickolds will be responsible…
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6 May
Next increases full-year profit guidance to £720m amid sales surge
Next has increased its pre-tax profits guidance for the full year to £720m from £700m after seeing a surge in sales. The retailer previously forecasted that in its 13 weeks to 1 May, sales would be down by 10%, however due to a 65% increase in online sales and Covid-19…
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6 May
Zalando raises FY guidance amid strong Q1 performance
Zalando has upgraded its full-year guidance after delivering its “strongest growth ever” since going public in 2014. It comes as it reported Q1 revenues of €2.2bn (£1.9bn) and profits of €93.3m (£80.7m), a YOY increase of 46.8% and 4.2% respectively. The company now expects Gross Merchandise Volume (GMV) to grow…
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6 May
Superdry revenue slumps 21% in full-year results
Superdry saw revenue fall 21% to £556.6m in the full-year ended 24 April 2021, despite witnessing a slight growth of 0.8% in its final quarter as restrictions began to ease across the UK. While store revenue was down by 50.9% to £140.9 amid ongoing store closures in the period, this…
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6 May
Boohoo welcomes Tim Morris as non-executive director
Boohoo has appointed Tim Morris as a non-executive director. Morris is also currently group general counsel and company secretary at TalkTalk Telecom Group Limited, which was on the main list of the London Stock Exchange until March 2021 and which he joined prior to its IPO in 2010. He held…
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6 May
Issa brothers step closer to Asda buyout
The Issa brothers are a step closer to completing their £6.8bn Asda buyout, having offered to address concerns put forward by the Competition and Markets Authority (CMA). In order to finalise the debt-fueled takeover, Zuber and Moshin Issa have agreed to sell 27 of their 395 EG Group petrol filling…
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6 May
Retail workers suffer worst mental health of any employee group
Retail staff in the UK are currently suffering among the worst mental wellbeing of any employee group, according to the industry charity retailTrust. The survey of nearly 1,300 retail employees revealed their average wellbeing levels are much lower than in people who work in other industries, with 84% of workers…
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5 May
Co-op to sell carbon neutral own-brands by 2025
Co-op has announced that it will be the first supermarket to sell fully carbon neutral own brand food and drink by 2025. The move is part of an ambitious 10-point climate plan to achieve net zero carbon emission by 2040. From products and packaging to power and pension fund investments,…
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