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 -12 April
Tommy Hilfiger opens new stores in Scotland
Hammerson has announced the opening of two new Tommy Hilfiger stores in Scotland, at the retail estate investment company’s flagship destinations Silverburn, Glasgow, and Union Square, Aberdeen. The new sites will represent the fashion retailer’s return to the country as part of the brand’s expanding store portfolio in the UK.…
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9 April
Zalando nominates Niklas Östberg to supervisory board
Retailer Zalando has announced that Niklas Östberg has been nominated to its supervisory board. Östberg is the current CEO and co-founder of Delivery Hero, he will succeed Jørgen Madsen Lindemann, who informed the nomination committee that he will not stand for re-election after serving as a member since 2016. Cristina…
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9 April
Uniqlo owner sees H1 profits rise 13.7%
Uniqlo’s owner Fast Retailing saw its profit before income taxes climb 13.7% year-on-year to Y171.5bn (£1.1bn) for the six months ended 28 February 2021. The group has also reported a Y31bn (£207.8m) rise in operating profits for the period, increasing from Y136bn (£909.3m) in H1 2020 to Y167bn (£1.11bn) in…
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9 April
JD Sports, Frasers Group and Amazon eye Topshop flagship
A number of retailers have reportedly expressed interest in purchasing Topshop’s former flagship store, including JD Sports, Amazon and Frasers. According to Drapers,, the administrators of the 100,000 sq ft store have appointed Eastdil and Savills to explore a sale of the site. It also reports that the London store…
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9 April
Total UK footfall decreases by 69%, BRC tracker finds
Total UK footfall decreased by 68.7% in March (Yo2Y), marking only a 4.9% improvement from February, according to the latest British Retail Consortium (BRC) Sensormatic tracker. The data, which covered the five weeks from 28 February to 3 April 2021, showed that the footfall drop in March was above the…
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9 April
Boohoo continues expansion with new warehouse deal
Boohoo has announced that following an exchange of contracts, it has agreed a long-term lease for a new warehouse in Daventry, in a bid to fuel further growth for the group. The site is due to become operational in the second quarter of the retailer’s financial year, and forms part…
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9 April
Frasers warns of £200m lockdown hit
Mike Ashley’s Frasers Group has warned that it expects to take a hit in excess of £200m due to the impact of Covid-19 – double what the retailer predicted in February. The group, which owns Sports Direct and House of Frasers, has said that further Covid-19 restrictions are “almost certain”. …
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9 April
Asos to raise £500m to aid global expansion
Asos has announced its intention to raise £500m via the placing of senior unsecured guaranteed convertible bonds through its wholly owned subsidiary Cornwall Jersey. The cash injection will be used to fund Asos’ global expansion strategy, as well as refinancing its acquisition of Topshop in February 2021. Issued at par,…
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9 April
OnBuy hires new CFO
OnBuy has announced the appointment of James Watts as its new chief financial officer. Watts brings 12 years of experience in financial services to the online retail marketplace, having previously worked for Deloitte, WPP Group and most recently, Richmond Group. This hiring represents one of many within the company, following…
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8 April
Weird Fish expands e-commerce operations
Lifestyle clothing brand Weird Fish has announced a shift in its sales channels to expand its online operations, following an 84% year-on-year growth to its e-commerce sales in 2020. The group also claimed that e-commerce sales have increased a further 354% year-on-year so far in 2021, with overall sales lifting…
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