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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Mar- 2021 -17 March
Ocado unveils own label rebrand
Ocado has undertaken a rebranding strategy that includes 100 new products and less packaging, as well as a switch from green to purple. The food retailer said that 530 items in the group’s own label range are set to be changed in time for today’s (17 March) launch. Moreover, the…
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17 March
Zalando targets 10% share of European market
Zalando has revealed its plans to capture 10% of the European fashion market by 2025, with ambitions to grow its gross merchandise volumes (GMV) to more than €30bn (£25.6bn) in the same period. The fashion group will expand its footprint in Europe to eight further European markets: Croatia, Estonia, Latvia,…
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17 March
Non-essential Scottish retail to begin reopening on 5 April
First minister Nicola Sturgeon announced yesterday (16 March) that lockdown restrictions affecting some non-essential retailers will be eased as soon as next month. Garden centres, homeware stores, non-essential click-and-collect services and hairdressers will be able to reopen as soon as 5 April. Most non-essential retailers will continue to be closed…
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16 March
Hammerson to redevelop Debenhams store into new homes
Hammerson has announced it has submitted plans to Leicester City Council to redevelop the former Debenhams store within the shopping centre Highcross into new homes for rent. The development would see the former Debenhams department store which has been an “integral part of the city’s core” since its opening in…
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16 March
Rezolve closes on £540m fundraising
Rezolve, a mobile shopping platform startup, is reportedly closing in on a funding round that would value the group at $750m (£540m). According to Sky News, Dan Wagner, the company’s founder, is on the brink of finalising a $20m (£14.4m) cash injection for the group. City sources told the publication…
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16 March
Thorntons to close all 61 UK sites, 600 jobs at risk
Chocolate maker Thorntons has announced it is to close all 61 of its UK stores, placing over 600 jobs at risk. Announcing the decision on its website, it said the decision comes as it has been “operating for a long time in a tough and challenging retail environment”. It cited…
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16 March
SGS reveals host of new lease deals
SGS, the property company that manages four UK retail and leisure destinations – Lakeside, Atria Watford, Braehead and Victoria Centre – has announced a string of lease renewals, extensions and new deals. One of the deals, will see Apple renew its lease on a 5,502 sq ft space at its…
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16 March
Footfall rises for seventh consecutive week
Footfall across UK retail destinations rose for the seventh time in eight consecutive weeks last week, up 7% according to the latest Springboard data. Footfall rose on five of the seven days last week, increasing by 10% on each day between Thursday and Saturday with a peak of 14.1% on…
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16 March
ScS welcomes ‘record’ H1 amid pent up demand
ScS has welcomed a “record” performance in the half-year ended 23 January 2021, with revenues up by 14.4% to £173.9m, in light of “pent up demand” witnessed over the summer. In the same period, profit before tax rose to £17.7m, up from a loss of £0.6m reported the prior year,…
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16 March
Greggs swings to £13.7m FY20 loss
Greggs has posted a £13.7m loss-before-tax for the 53 weeks ended 2 January 2021, down from profits of £108.3m in 2019. The group attributed its first annual loss since the firm became a listed business in 1984 to “lower-than-normal sales levels” throughout the pandemic. The company’s revenues for the period…
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