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 -10 February
Dunelm welcomes ‘strong’ H1 as online sales soar
Dunelm has welcomed a “strong” performance in its half-year results, with pre-tax profit soaring 34.4% to £112.4m in the period ended 26 December 2020. Despite ongoing store closures in light of the pandemic, total sales rose by 23% to £719.4m in H1, up from £585m the same period the year…
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10 February
Urban Outfitters Q4 sales drop 6.9%
Urban Outfitters has announced its total company net sales for the three months ended January 31, 2021, decreased 6.9% to $1.09bn (£787m) compared with $1.16bn (£837m) the previous year. The retailer also revealed comparable retail segment net sales decreased 7% which the group claims was due to negative retail store…
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10 February
Arcadia employees press for legal action
Law firm Simpson Millar has been contacted by over 30 former Arcadia employees looking to press legal action against the retailer after their jobs were lost through the nature of the group’s takeover. Last week saw Asos snap up Topshop, Topman, and Miss Selfridge for £265m, while online retailer Boohoo…
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10 February
Tesco fights shareholder challenge over UK obesity crisis
Tesco is preparing to face a shareholder resolution from a coalition of institutional and retail investors, who are calling on the company to set targets to increase the proportion of healthy products in its sales. Coordinated by NGO ShareAction, the resolution is being supported by seven institutional investors managing over…
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10 February
Dune launches CVA targeted at cutting rent costs
Dune has announced the launch of a CVA prospal targeted at cutting rent costs across its 43 stores and 175 concessions. According to Daniel Rubin CEO and founder of the Dune Group, before the pandemic the high street chain was “trading robustly”- however continuous stop-start lockdowns had a “severe financial…
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9 February
Joules acquires Garden Trading
Joules has announced its acquisition of Garden Trading, the online garden retailer which designs its own home, garden and outdoor products. Garden Trading sells its products through its own digital platform directly to consumers to more than 1,000 stockists across the country Nick Jones, CEO of Joules, said: “We are…
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9 February
John Lewis Partnership introduces more than 50 fashion brands
John Lewis Partnership has announced it will be introducing more than 50 new fashion and beauty brands as part of its plans to continue modernising its fashion offering. Last week, the group launched high street brand Mango across its womenswear, shoes and accessories. Additionally the company revealed it will be…
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9 February
Cornhill retail development adds Superdry and Waterstone stores
Lincoln’s Cornhill Quarter, which is subject to a £70m redevelopment from Lincolnshire Co-op, has announced two additional high profile retail signings to the scheme. A Superdry franchise store will be added to the ground floor of the Waterstones building, with the designer clothing brand Richard Goddard operating from the first…
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9 February
M&S bolsters clothing business with senior hires
Marks and Spencer has announced it is strengthening its Clothing and Home leadership team through two new hires, who are both set to “play an important role” in the development of its Never the Same Again programme. The programme, launched last year, is focused on the group becoming “more relevant,…
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9 February
Ocado sees annual earnings soar by 69%
Ocado has seen its annual earnings rise by 69% as the pandemic strengthened the demand for online grocery shopping. The virtual supermarket revealed that group earnings were £73.1m for the year ending on 29 November 2020, up from £43.3m the previous year. Earnings in Ocado Retail, the company’s joint venture…
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