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 -12 March
Mothercare to float on junior stock market
Mothercare has announced its intentions to float on admission (AIM) on the junior stock market at £0.01 per ordinary share. Following this move, the company stated that its admission of the ordinary shares on the main market of the London stock exchange and to the premium listing segment of the…
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12 March
JD.com Q4 revenues up 31%
Chinese online retailer JD.com reported a 31% increase in revenues during the fourth quarter of the year to RMB224.3bn (£24.7bn). The Q4 performance has beaten analyst expectations of RMB 220.3bn (£24bn) as the Covid-19 pandemic drove consumers to its online operations. The retailer also reported that income from operations for…
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12 March
Burberry upgrades Q4 guidance
Burberry has announced that ahead of its trading update, the group anticipates its fourth quarter results to be “better than expected” with an adjusted operating margin to be in the range of 15.5% to 16.5%. The retailer has estimated that its comparable store retail sales in Q4 FY2021 will range…
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12 March
UK GDP shrinks 2.9% amid January lockdown
Monthly GDP fell by 2.9% in January as a national lockdown proved to impact economic activity, new data from the Office for National Statistics (ONS) reveals. Figures released show that January’s GDP was 9.0% below the levels seen in February 2020, and 4.0% below October 2020 – the “initial recovery…
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12 March
JD Sports enters Eastern Europe with MIG acquisition
JD Sports has expanded into Eastern Europe, with plans to acquire 60% of Polish fashion business, the Marketing Investment Group (MIG). Based in Krakow and founded in 1989, MIG is currently majority owned by brothers Andrzej and Zbigniew Grząka. The business operates 410 retail stores and associated trading websites across…
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12 March
Government announces eviction ban extension
The ministry of housing, communities, and local government has announced an extension to the ban of commercial evictions until 30 June. Introduced by Robert Jenrick, housing secretary, the measure is intended to ensure businesses are supported upon reopening. Alongside the commercial support package is a six-month notice period and bailiff…
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12 March
Very Group prepares for hybrid working model
Very Group has announced that it will be adopting a hybrid working model going forward for all its employees. The Littlewoods.com and Very.co.uk operator renovated its Liverpool-based headquarters to accommodate its 2,100 members of staff oscillating between working on site and at home. The renovations, carried out by Greenmount Projects,…
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11 March
Prada posts £46m loss
Luxury Italian fashion brand Prada SpA has announced a net loss of £46m for the year ended 31 December 2020. While the group reported net profits of £108m for H2 of the financial year, its total revenues for the period fell 24% year-on-year to £2.09bn. Moreover, retail sales at Prada…
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11 March
Ted Baker expands international licencing partnerships
Ted Baker has announced it has entered into agreements with Al-Futtaim and PT Mitra Adiperkasa (MAP) as territory licence partners to enhance its digital and asset light growth in the Middle East and North Africa (MENA) and Indonesia. Following these new licence agreements, Ted Baker will have 17 retail licence…
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11 March
M&S adds third-party brands to online offering
Marks and Spencer has announced a set of third-party brands such as Joules and Sosandar are to be added to its online offering. The move is the first wave of guest brands to be marketed and sold under the banner ‘Brands at M&S’. The new offering is part of M&S’s…
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