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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Feb- 2021 -18 February
Zalando welcomes new shareholders
Zalando has acknowledged its support of Kinnevik’s decision to distribute all its shares in the retail platform to its investors. This move comes ten years after the Swedish investment company’s first investment in the leading European retailer and will allow Kinnevik shareholders to become direct shareholders in Zalando. Throughout 2020,…
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18 February
US owners look to sell Lloyds Pharmacy
McKesson, Lloyds Pharmacy’s US-based owner, has reportedly hired bankers to explore the sale of its British operations. According to Sky News, the New York-listed group is working alongside Barclays to secure a sale of the high street drug retail and wholesale group among concerns of the industry’s financial viability. Operating…
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17 February
Morrisons launches fast-food takeaway in Camden
Morrisons has launched a new fast-food takeaway, named Market Kitchen, at its Camden branch. Market Kitchen will be officially opened by three colleagues that have worked at the supermarket chain in Chalk Farm since it opened in the nineties. The new takeaway’s menu will sell everything from roasted chicken and…
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17 February
Adidas to sell Reebok to focus on core brand
Adidas has confirmed it is to begin a formal sales process for its Reebok brand as it looks to concentrate on further strengthening the leading position of its core brand. It comes as part of the development of its new five-year strategy, where the firm said following an assessment of…
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17 February
Scottish retailers see business rates relief extended for 12 months
Scottish retail, hospitality, leisure and aviation businesses will pay no rates throughout the next year, under new plans outlined by finance secretary Kate Forbes. The extension is part of £1.1bn consequential funding arising from UK government coronavirus spending. Forbes, who had already announced plans for a three-month extension in her…
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17 February
Knomo appoints UK country manager
London-based accessories retailer, Knomo has appointed Oliver Strickland as country manager for the UK. In his new role, Strickland will oversee the brand’s positioning and wholesale accounts in tandem with Dan Shaw, managing director at the company. Formerly country manager at Pepe Jeans Group, Strickland has also undertaken leadership roles…
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17 February
Westminster Council launches Oxford Street revival initiative
An “ambitious” new framework has been launched by Westminster City Council in a bid to kickstart a “reimagined” Oxford Street and revive the wider district, in order to attract more shoppers to the area post-lockdown. The new Oxford Street District (OSD) framework, developed with key strategic partners, will reportedly deliver…
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17 February
Sainsbury’s distribution centre acquired for £139m
Sainsbury’s distribution unit in Hams Hall has been acquired by Aviva Investors for £139m. The distribution centre which is on a 25-year lease with the grocer comprises 783,000 sq ft of floor space spanning over 50 acres. The site has three structures; a main building which provides “ambient and chilled”…
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17 February
Regulator to rule on Issa Brothers’ Asda takeover
The Competition and Markets Authority (CMA) has set a deadline for 20 April for a decision on the acquisition of Asda by TDR Capital and the Issa Brothers. Zuber and Mohsin Issa, alongwith the private equity firm, agreed to purchase a majority stake in the supermarket chain from Walmart in…
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16 February
Ebay’s sale of Gumtree sparks concern by CMA
The Competitions and Markets Authority (CMA) has raised concerns that Adevinta’s anticipated £6.5bn purchase of Gumtree from Ebay could lead to higher prices and less choice for consumers. Adevinta’s Shpock and Ebay Classified Group’s (eCG) Gumtree, both operate online classified advertising platforms in the UK which allow people to buy…
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