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.
-
Jan- 2021 -14 January
Online sales growth hits 13-year high
UK online sales growth remained solid throughout December, coming in at +37% year-on-year (YoY) for the month and driving the annual figure to a 13-year high, according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. The index said that after…
Read More » -
14 January
Tesco reports record breaking Christmas
Tesco has reported the results of its “record Christmas”, however warned that it still expects to take a £810m hit due to Covid-19 related expenses. For the 19 weeks to January the chain witnessed a like for like growth of 6.7%, accelerating to 8.1% at Christmas, with the store crediting…
Read More » -
14 January
Boohoo raises guidance as revenue soars
Boohoo has welcomed a period of “strong” trading towards the end of last year, with revenue soaring by 40% to £661m in the four months ended 31 December 2020. In light of this trading performance, it now expects group revenue growth for the financial year to 28 February 2021 to…
Read More » -
14 January
Primark predicts £1.1bn sales loss amid store closures
AB Foods, the owner of clothing retailer Primark, has issued a warning of a hit from lost retail sales of more than £1.1bn, if Covid-19 lockdowns continue through to the end of February. Currently, 305 of its 389 shops around the world are closed which is expected to cost £1.1bn…
Read More » -
13 January
Debenhams to shutter six stores, 320 jobs affected
Debenhams has announced that six of its sites will no longer reopen this year, as part of the group’s ongoing winding down and stock liquidation process. In a statement released today (13 January), the group confirmed the move will affect 320 roles within its business. Debenhams said that while it…
Read More » -
13 January
2,000 Edinburgh Woollen Mill jobs saved in rescue deal
Around 2,000 jobs are to be saved at Philip Day’s Edinburgh Woollen Mill Group after international investors agreed a deal to acquire Edinburgh Woollen Mill, Ponden Homes and Bonmarche. FRP advisory confirmed that the joint administrators to The Edinburgh Woollen Mill Limited (t/a The Edinburgh Woollen Mill) and Duvetco Limited…
Read More » -
13 January
John Lewis Partnership to enforce face coverings in stores
John Lewis Partnership has announced it will tighten its Covid-19 rules by insisting that all customers wear a face covering (unless medically exempt or under the required age). To help ensure customers wear the face coverings, marshals will be positioned at the entrances of all supermarkets and will have disposable…
Read More » -
13 January
Asos sees UK sales soar by 36%
Asos has revealed that revenue growth for the four months ending in 2020 has ”surpassed expectations”, with the store now expecting profits to be at the top of its forecasts for the financial year to August. In a post-Christmas trading update, the online fashion retailer reported that group sales were…
Read More » -
13 January
Morrisons first supermarket to pay staff £10 an hour
Morrisons has announced a new pay deal for its employees that will see it become the first UK supermarket to guarantee a wage of at least £10 an hour. The new pay terms will begin in April, and will facilitate a “significant” pay increase for nearly 96,000 Morrisons employees, with…
Read More » -
13 January
Lidl posts 18% December revenue increase
Discount supermarket Lidl has reported that its revenue for the four weeks to 27 December rose by 18%, according to the BBC. More than six million glasses of prosecco and 2.7 million servings of panettone were sold by the retailer over the Christmas period, as the firm benefitted from restrictions…
Read More »
