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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Apr- 2021 -22 April
Retail job postings falter as sector partially reopens
The number of job postings in the retail sector fell by –6.9% in the week the industry was allowed to re-open, according to the latest data from CV-Library. However, CV Library revealed this is still the second highest weekly level since 19 October 2020 and up 35.6% on the 2021…
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22 April
Kering’s Q1 revenues return to pre-pandemic levels
Luxury fashion group Kering has revealed that its revenues for the first quarter of the year have returned to pre-pandemic levels as consolidated revenues spiked 25.8% year-on-year. Kering claimed that the growth was driven by an uptick in sales of 83% in Asia-Pacific and 46% in North America. Moreover, online…
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22 April
Morrisons launches postcard campaign to tackle loneliness
Morrisons has announced it will be giving away half a million free postcards for children to “spread messages of hope” as part of a nationwide initiative to “help tackle loneliness” within communities. As part of the campaign, the children of Morrisons colleagues will be colouring postcards and writing messages for…
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22 April
Walgreens Boots Alliance launches No7 Beauty Company
Walgreens Boots Alliance (WBA) has announced the launch of No7 Beauty Company, a consumer-led beauty business. The new business launches with brands such as No7, Liz Earle Beauty Company, Botanics, Soap and Glory, Sleek MakeUP, and YourGoodSkin. The new company will develop products through sustainable sourcing practices and pledges to…
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22 April
Carphone Warehouse closes all sites in Ireland
Carphone Warehouse has announced the closure of all its sites in Ireland with immediate effect. This includes its 69 standalone Carphone Warehouses and 12 in-store branches, employing 450 people, and the brand has stopped taking orders via its Irish website. However, this move is not set to affect Currys PC…
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22 April
Hammerson offloads retail park portfolio for £330m
Hammerson has confirmed the sale of its portfolio of seven retail park assets to Brookfield for £330m cash proceeds, concluding Hammerson’s exit from the UK retail parks sector. The final amount marked an 8% discount to the 31 December 2020 book value of £357m. The portfolio comprises 205,000m² of space…
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21 April
Ikea owner to invest £3.4bn into renewable energy
Ingka Group, the holding company which owns the majority of Ikea stores has revealed it has invested of €4bn (£3.4bn) into renewable energy. The investment will support reducing the company’s climate footprint and a broader transition to a net-zero society. In the past decade the group has invested €2.5bn (£2.2bn)…
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21 April
Dixons Carphone appoints sustainability director
Dixons Carphone has announced the appointment of Moira Thomas as director of sustainability and ESG at the group. In the newly created role, Thomas will report to Assad Malic, group director of strategy and corporate affairs. Thomas joins from John Lewis Partnership, where she held a number of corporate social…
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21 April
Argos to close Somerset depot, 230 jobs at risk
Around 230 jobs are reportedly at risk following the planned closure of an Argos distribution site in Bridgewater, Somerset. A Sainsbury’s spokesperson told Retail Sector: “Last year we shared plans to accelerate the integration of the Sainsbury’s and Argos logistics networks and confirmed a number of our existing depots would…
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21 April
UK inflation rises to 0.7% in March
Rising fuel, clothing and transport helped UK inflation rise to 0.7% in the 12 months to March, up from 0.4% recorded in February. The latest figures from the Office for National Statistics (ONS) revealed that the largest upward contribution to the CPIH 12-month inflation rate came from transport (0.44 percentage…
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