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 -16 April
Waitrose to train 100 more fishmongers and butchers
Waitrose has announced its plans to train 100 more fishmongers and butchers as it celebrates 40 years since the opening of its first service counters. The new employees will be taught traditional butchery and fishmonger skills, as well as expert knowledge to help customers when choosing meat and fresh fish.…
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16 April
MusicMagpie plans £208m London float
MusicMagpie, the e-commerce retail business, has announced plans for a £208m float on the London Stock Exchange. The proposed admission to trading on AIM would place 7,772,020 new ordinary shares and 49,415,850 existing ordinary shares of one pence each, both at a placing price of 193 pence. The new shares…
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16 April
Travis Perkins Q1 sales spike 17.4%
Builders merchant and home improvement retailer Travis Perkins saw like-for-like sales increase 17.4% year-on-year for the first quarter of FY 2021. The three month period also represented an 11.8% rise in sales when compared to the first quarter of FY 2019. The firm’s merchanting, and plumbing and heating arms saw…
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16 April
Retail leaders join forces with retailTRUST to support workers’ wellbeing
Over 20 retail leaders and experts have joined forces with industry charity retailTRUST to champion the health and wellbeing of its workforce next month following the reopening of non-essential shops across the UK. Morrisons’s chief executive David Potts will be among those taking part in retailTRUST’s ‘Championing the health of…
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16 April
‘We need to do a better job for our employees’, says Bezos
Amazon founder Jeff Bezos has said that Amazon must “do a better job” for its employees in his final letter to company shareholders. Bezos, who is set to step down from his role as CEO this year, said: “Despite what we’ve accomplished, it’s clear to me that we need a…
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16 April
M&S sues Aldi over Colin the Caterpillar ‘look-alike’
Marks and Spencers has started legal action against Aldi over its Cuthbert the Caterpillar cake, which the retailer argues infringes on its Colin the Caterpillar cake trademark. The supermarket chain lodged an intellectual property claim with the High Court earlier this week, noting that the similarity between the two products…
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16 April
Crystal Peaks Shopping Centre to create five new retail units
Crystal Peaks Shopping Centre has announced that work will begin on the creation of five new retail units. Four ground floor units will be located at the north east of the centre’s East Mall entrance and will have new frontages that open onto the shopping centre red car park. There…
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16 April
Sainsbury’s opens new Wapping London Dock site, creating 21 jobs
Sainsbury’s has launched a new Wapping London Dock local store, creating 21 jobs for the area. According to the grocer, the new site will serve nearby residents and will be a “convenient and fresh destination” for commuters and visitors to the neighbourhood. The new store also features an instore bakery…
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15 April
Tesco adds independent non-executive directors to board
Tesco has announced that Thierry Garnier and Bertrand Bodson will join the board as independent non-executive directors with effect from 30 April and 1 June 2021, respectively. In addition, from those dates, Garnier will also join the remuneration committee whilst Bodson will join the corporate responsibility committee. Garnier has been…
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15 April
Hobbs sees FY20 turnover fall to £133m
Hobbs, the women’s clothing, footwear, and accessories retailer, saw its turnover for the year ended 28 March 2020 fall 1.8% to £133m. The group’s adjusted EBITDA for the period also declined, falling £1.7m from £21.9m in FY 2019 to £20.2m in FY 2020. Operating profit and profit after tax at…
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