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 -21 April
Next CEO pay rises 28% despite falling profits
Lord Simon Wolfson, chief executive at Next, saw his pay increase 28% to nearly £3.4m in FY20, despite the company profit before tax falling 53% year-on-year for the period. While Wolfson did take a cut to his basic salary and did not receive an annual bonus, the group’s non-executive directors…
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21 April
Mulberry launches sustainability manifesto
Luxury fashion house Mulberry has launched a new sustainability manifesto, which outlines the company’s “ambitious commitments” to transform the business to a “regenerative and circular model”, encompassing the entire supply chain by 2030. The launch of the “Mulberry Made to Last” manifesto marks the group’s 50 anniversary year as a…
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21 April
Asda takeover may lead to higher petrol prices, CMA warns
The Competition and Markets Authority (CMA) has raised concerns that the £6.8bn takeover of Asda could lead to higher petrol prices in some areas of the UK. The watchdog has been reviewing the sale by Walmart to the Issa Brothers and private equity firm TDR Capital since December 2020. The…
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21 April
Over two-thirds of consumers plan to shop locally post-Covid
Shopify has found that over two-thirds of consumers will plan to shop locally following the pandemic, as it published the results of its survey into what shopping in the UK will look like post-Covid. Two-thirds (68%) of shoppers that were polled indicated that a store’s proximity will be an important…
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20 April
Search begins to find the UK’s fastest growing online retailers
One of the world’s leading Digital Operations Platforms has launched its search for the inaugural ‘Lightning 50’, a league table of the UK’s fastest growing e-commerce businesses of the last 12 months. The list has been launched to celebrate the fastest-growing UK retailers following findings from internal research that two…
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20 April
Tesco fined £7.5m for out of date stock
Tesco has been fined over £7.5m after pleading guilty to selling food that was past its use by date across three Birmingham sites. Brought upon by Birmingham City Council (BCC) under the food safety and hygiene regulations 2013, the prosecution followed inspections at the group’s Bournville, Rubery, and Birmingham city…
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20 April
Zara to open new flagship store in Cardiff shopping centre
Zara has announced that it will open a new flagship store at St David’s shopping centre in Cardiff this summer. The new 36,500 sq ft store will be located on Upper Grand Arcade, opposite new entrant Morphe Cosmetics (opening this summer), and near BoConcept’s UK debut store concept (opening this…
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20 April
Primark to repay furlough relief despite seeing HY profits halve
The owner of Primark, Associated British Foods (ABF), has revealed that it intends to repay £121m in relief repayment, despite profits falling 50% to £319m for the 24 weeks ended 27 February 2021. The government support schemes enabled the company to preserve its entire 65,000 workforce for Primark. While overall…
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20 April
Reopening week sees footfall jump by 87.8%
Footfall in UK retail destinations rose by 87.8% last week following the reopening of non-essential stores on Monday 12 April, according to the latest figures from Springboard. Springboard found that UK high streets experienced a 93.2% rise and shopping centres saw an even higher increase in footfall at 126.6%. In…
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20 April
M&S boosts online capacity through new warehouse
M&S has announced that work has begun on its Bradford Distribution Centre, which is set to become a second online warehouse for M&S.com in efforts to increase its online capacity. The reengineering of the group’s supply chain, including the extension of the Bradford warehouse, is an “important enabler” to M&S’s…
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