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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Dec- 2020 -11 December
No-Deal Brexit could see UK face £3bn tariff ‘bombshell’
The British Retail Consortium (BRC) has warned that UK supermarkets and their customers could face a £3.1bn tariff “bombshell” on groceries unless a Brexit deal is agreed with the EU in the coming days. The trade body warned that without a deal, this increase in tariffs will “leave retailers with…
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11 December
McColl’s revenue tops £1.25bn despite store closures
McColl’s revenue has increased by 2.3% to £1.25bn this year in light of “strong demand” during the pandemic, according to the group’s full year trading report. In the year ended 29 November 2020, the convenience retailer’s like-for-like sales surged by 12%, due to a “strong performance” across its food, drink…
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10 December
Global retail industry deals total $26.98bn in Q3
Total retail industry deals for Q3 2020 worth $26.98bn (£20.2bn) were announced globally, according to the latest figures from GlobalData’s deals database. The value marked an increase of 204.8% over the previous quarter and a rise of 12.3% when compared with the last four-quarter average of $24.02bn (£18bn). In terms…
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10 December
Tesco warns of Brexit impact on food and prices
Tesco has warned that shoppers could face temporary shortages on fresh produce and higher prices if the UK fails to negotiate a Brexit deal with the EU, according to The Guardian. John Allan, chairman of Tesco, told Bloomberg TV that a no-deal Brexit would “trigger tariffs” and would lead to…
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10 December
Ocado revenue soars following M&S partnership
Ocado Retail has announced that revenue soared by 35% in the 13 weeks to 29 November 2020, driven by a “strong” demand for online grocery as well as a “continuation of a smoothed trading week compared to previous “peaks and troughs”. The average orders per week were also up by…
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10 December
Frasers Group reports 30% rise in half-year profits
Frasers Group has reported a 29.1% surge in after-tax profit to £84m in the 26 weeks to 25 October. The Mike Ashley-owned retail group said lockdown closures across its non-essential stores have resulted in a 7.4% drop in group revenue to £1.9bn. Over this period, Frasers Group’s sport retail business…
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9 December
Co-op launches partnership with Deliveroo
Co-op has launched a new partnership with Deliveroo and fresh fruit and veg suppliers Sheringhams to help provide 20,000 meals and 3,000 pieces of fresh fruit to families by Christmas. The partnership between the two companies builds off the support for Marcus Rashford’s campaign and commitment to end child food…
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9 December
CMA launches inquiry into Issa Bros’ Asda takeover
The CMA has announced the launch of a phase 1 inquiry into the Issa Brothers’ £6.8bn takeover of Asda. It said that on 8 December 2020 the CMA has launched its phase 1 investigation after the European Commission’s decision to refer the case to the United Kingdom, following a request…
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9 December
UK sees grocery boom as shoppers hit stores early
Grocery sales rose by 11.3% in the 12 weeks ended 29 November 2020, the fastest rate of growth since August, according to the latest grocery market share figures from Kantar. It comes as consumers have reportedly started their Christmas shopping early this year in preparation for the festive season. In…
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9 December
Tesco confirms sale of its Asian businesses
Tesco has confirmed the sale of its businesses in Thailand and Malaysia, following a review of the transaction. Back in March, the supermarket chain had agreed to sell its Asian businesses to C.P. Retail Development Company Limited (CPRD). CP Group has now reviewed the move and is satisfied with the…
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