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 -2 February
Pentland Brands signs up 1,200 retailers for online service
Pentland Brands, the owner of brands such as Mitre and Speedo, has announced it has signed up over 1,200 retailers to its new online ordering service. The group has strengthened its B2B online offering through its retail platform, Pentland Connect. Retailers will now be able to order products from across…
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2 February
John Lewis Partnership to provide care packages to NHS workers
The John Lewis Partnership has announced its partnership with the British Medical Association (BMA) to provide frontline NHS workers with care packages to keep them “refuelled and refreshed” as they continue facing extreme pressure caring for patients in UK hospitals. Based on advice from the BMA, these supplies will be…
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2 February
Aldi looks to onboard redundant Arcadia and Debenhams staff
Aldi is calling for those affected by the fall of the Arcadia and Debenhams retail empires to apply for a position in its store as it aims to create 4,000 jobs across Britain this year. The discount supermarket, which has over 900 UK sites said that it would very much…
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1 February
New lockdowns edge consumer confidence to near-record low
The final quarter of 2020 saw consumer confidence fall by 1%, to a near-record low -17%, according to the latest Deloitte Consumer Tracker. It found with the exception of personal finances, all other measures of confidence were below year-on-year comparisons, with ‘health and wellbeing’, and ‘children’s education and welfare’ categories…
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1 February
Frasers Group acquires New Look’s Brighton store
Frasers Group has reportedly acquired the freehold of New Look’s Brighton store. According to Drapers, the store located at 188-191 Western Road is just one of New Look’s portfolio that is undertaking a rent restructuring following a CVA approved in September 2020. The CVA has ushered in a three-year rent…
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1 February
JD Sports set to acquire DTLR Villa for £360m
JD Sports has announced that it has entered into a conditional agreement for the acquisition of 100% of DTLR Villa for a total cash consideration of $495m (£360m. The UK retailer claimed that approximately $100m (£72.8m) of the total cash will be used to repay existing indebtedness of the company.…
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1 February
BRC chief calls for rates extension as vacancies rise by 13%
Helen Dickinson, chief executive of the British Retail Consortium (BRC) has urged the government to extend business rates relief beyond April as the number of retail stores lying vacant rose to 13.7% in Q4 2020. The plea follows figures published by the consortium which show that all retail locations saw…
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1 February
Asda prioritises deliveries to support 5,000 nurseries
Asda has announced that it will now be offering priority access to slots in order to support 5,000 nurseries which continue to provide essential childcare services during lockdown. The supermarket chain has gifted its nursery customers with a ‘Priority Pass’, which will allow them to benefit from advance access to…
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1 February
Asos acquires Topshop and Miss Selfridge for £265m
Asos has confirmed it has acquired the Topshop, Topman, Miss Selfridge and HIIT brands for a total of £265m, following mass speculation that the Arcadia brands would be snapped up by the online retailer. The group said the acquisition marks a “compelling strategic opportunity” in support of its aim to…
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Jan- 2021 -29 January
H&M FY profits fall 88%
H&M has revealed the extent of damage coronavirus has had on its business, with profit crashing 88% to SEK 2.05bn (£179m) in its full-year results, down from SEK 17.4bn (£1.5bn) the year before. In the full-year ended 30 November 2020, net sales also fell by 18% to SEK 187bn (£16.3bn),…
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