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.
-
Mar- 2021 -23 March
Terrys revenue soars 109% YOY
Terrys has reported an overall revenue increase of 109%, to an undisclosed amount, over the last year after seeing a huge surge in demand throughout the UK’s recent national lockdowns. The home furnishing retailer’s ecommerce operations assisted business during the pandemic, with searches for blackout curtains up 47% and roman…
Read More » -
22 March
Browns CEO to move into the role of chair
Browns has announced some managerial changes within the company which included the moving of Holli Rogers, CEO, into the role of chair with effect 1 April 2021. As part of the changes, Paul Brennan, COO, will be moving into the newly created role of managing director for where he will…
Read More » -
22 March
Former Ikea execs face prison over espionage allegations
Ikea is appearing in court for allegedly spying on its customers and employees, as two of the group’s former chief executives face up to 10 years in prison. The group’s French subsidiary could receive fines of up to £3.2m after being accused of paying for illegal access to police files.…
Read More » -
22 March
Sunak delays debate for online sales tax until autumn
Chancellor Rishi Sunak will reportedly wait until autumn before deciding whether or not to impose a UK online sales tax which will attempt to level the playing field between online retailers and the high street. According to the Financial Times, Sunak is waiting until US president Joe Biden’s administration team…
Read More » -
22 March
High streets to receive £56m summer gov investment
The government has announced a new £56m investment into UK high streets and seaside towns to ensure a “successful reopening” of the sector this summer. The ‘Welcome Back Fund’ aims to help councils improve the “look and feel” of local high streets, by investing in street planting, parks, green spaces…
Read More » -
22 March
Kingfisher full-year profits soar amid DIY boom
Kingfisher has announced that pre-tax profit soared by 44.4% to £786m in the year ended 31 January 2021, following a surge in DIY spending amid the pandemic. Retail profit was up 27.4% in the year, which was largely driven by a strong B&Q performance, while total sales rose by 6.8%.…
Read More » -
22 March
Spar International expands anti-food waste collaboration
Spar International has announced it will be enhancing its collaboration with digital platform Gander to further tackle food waste. The partnership was initially launched in Northern Ireland and has grown to become a global agreement. The partnership will facilitate a wider roll-out across Spar markets, strengthening the collaborative, global approach…
Read More » -
22 March
Fred Perry to relocate Manchester flagship
Fred Perry has revealed that it is set to launch a new flagship store on the ground floor of Manchester’s Afflecks building. Expected to open this Summer, the store and showroom will cover 2,820 sq ft of retail space on the corner of Oldham Street and Church Street. The brand…
Read More » -
22 March
Iceland spends £150m on deals despite pocketing £40m Covid relief
Iceland’s owners have taken and spent £150m from the supermarket chain since the beginning of the pandemic, despite refusing to repay business rates relief, according to The Sunday Times. The company’s recent investor presentations revealed that Sir Malcolm Waker, Iceland’s founder, used £141m to purchase former shareholder Brait and acquire…
Read More » -
19 March
Asda to remove 101 million pieces of single-use plastic from stores
Asda has revealed it will be removing 101 million pieces of single use plastic from its stores each year by switching from plastic to reusable fruit and veg bags. The initiatives are part of Asda’s long-term commitment to remove single use plastic from its business. The move follows a trial…
Read More »
