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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Jan- 2021 -13 January
Sosandar reports revenue growth of 6% in Q3
Sosandar, the women’s fashion retailer, has reported strong sales growth in its third quarter, confirming a revenue growth of 6% to £3.98m in the period. In its latest trading update, the retailer also announced that EBITDA loss was reduced by around 60% compared to the same period in the previous…
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12 January
Landsec collects only a third of December retail rent
UK landlord Landsec has revealed it has only managed to collect just over a third of the rent owed by retailers during the month of December. In a rent collection update posted by the landlord, Landsec revealed it had received just £5m of the £14m expected from its regional retailers…
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12 January
British retailers suffer worst year on record, BRC reveals
British retailers suffered one of the worst years on record for sales growth, a new study by KPMG and BRC reveals. According to the pair’s ‘retail monitor’, total sales declined 0.3% compared with 2019. Sales on non-food items such as clothing also witnessed a 5.0% dip, due to national lockdowns…
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12 January
The Hut Group revenue soars ahead of guidance in Q4
The Hut Group has announced that revenue soared by 51% to £558.7m in the three months ended 31 December 2020, outperforming a previous guidance of 40% to 45% growth. Revenue guidance was initially estimated to be 16% to 25%, but was raised last month following a “strong” peak trading performance…
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12 January
New top-up grants to be given to Scottish retail
Eligible Scottish retail firms that have been impacted by tier four restrictions are set to receive a one-off top-up grant from the Scottish government. A “financial lifeline” of £9,000 will be provided to businesses in the industry with a rateable value of over £50,001, while £6,000 will be given to…
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12 January
Very records best ever Christmas sales
Very.co.uk has announced a 25.2% year-on-year increase in retail sales in the seven weeks up to and including 25 December 2020, marking the best recorded sales over a Christmas period to date. The increase in sales was predominantly due to Covid-19 pushing retail online, as government lockdown restrictions continued to…
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12 January
Kingfisher reports online sales boom
Kingfisher has reported that a rise in online sales during its fourth quarter, in the 10 weeks to 9 January, has boosted like-for-like sales by 16.95%. It comes as the home improvement retail group, which owns brands such as B&Q, revealed e-commerce sales increased by over 150% in its latest…
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11 January
Buyer found for Edinburgh Woollen Mill
FRP Advisory, the administrator to clothing retailer Edinburgh Woollen Mill, has accepted a rescue offer that could save a number of jobs at the group. According to the Times, sale contracts have been issued to the potential buyer, who remains unnamed, although the deal is reportedly likely to save only…
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11 January
Small retailers could fold without help, FSB warns
Small retailers are among the 250,000 UK small businesses set to fold without further help, a new report by the Federation of Small Businesses (FSB) reveals. According to data published in its Small Business Index (SBI), a “record number” of small business owners are planning to close their companies over…
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11 January
British Land collects less than half of rent from retailers
Commercial landlord British Land has managed to collect less than half of the rent due from its retail tenants for the latest quarter, as the latest lockdown restrictions keep many businesses closed. In an operational update, British Land revealed that it had received just 46% of expected rent due for…
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