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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Sep- 2020 -3 September
Amazon creates 10,000 permanent UK jobs
Amazon has announced that 10,000 new permanent roles are being created across the UK, bringing its total full-time UK workforce to more than 40,000. The company has already added 3,000 permanent jobs across its fulfillment centres, sort centres and delivery stations. A further 7,000 new roles will be added by…
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3 September
Retail vacancy rate reaches six-year high
Retail shop vacancies have reached a six-year high due to the impact of the coronavirus pandemic, according to new research from Springboard. The research found the UK vacancy rate rose to 10.8% in July up from 9.8% in January, which means it is now at the highest level since January…
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3 September
Lego reports double-digit growth in H1
The Lego Group has reported that revenue rose by 7% to DKK 15.7bn (£1.87bn) in the six months ended June 30, 2020. In the same period, consumer sales grew by 14% against the year before, while operating profit was DKK 3.9bn (£466m), an increase of 11% against the first half…
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2 September
Ray Kelvin returns to Ted Baker board through nominee director
Ray Kelvin, the founder of Ted Baker, has returned to the retailer’s executive board, following his exit last year amid allegations of misconduct. However, Kelvin will not take a physical place in the boardroom, and instead has appointed Colin La Fontaine Jackson to act as a nominee director. The retailer…
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2 September
EOHO boosts retail footfall in last week of August
Footfall across all UK retail destinations rose by 6% over the week ended 29 August, according to the latest figures from Springboard. The latest figures still marked an annual decline of 26.1%, though this was a “noticeable improvement” against the year-on-year decline of 30.7% the week before. In the final…
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2 September
Morrisons doubles number of instore florists
Morrisions is doubling the number of professional florists in its stores to 300 later this year, to meet increased consumer demand. Flowers have been one of the country’s most popular online purchases, with online searches up 277%, according to recent Google data. The supermarket is expanding its in-store florist shop,…
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1 September
Mike Ashley warns PM of rates review delay
Retail tycoon Mike Ashley has reportedly written to prime minister Boris Johnson warning of the “disastrous consequences” if the government doesn’t conduct a review of the current business rates system. According to The Times, in a joint letter with Fraser CFO Chris Wootton, Ashley warned that without action he believes…
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1 September
Moss Bros mulls possible CVA
Moss Bros is reportedly consdering a CVA after calling in advisers, following a ban on large weddings and events such as Royal Ascot which impacted sales during the Covid-19 pandemic. According to the Times, the retailer has called in KPMG to assist with restructuring, with reports that 125 stores are…
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1 September
M&S and Ocado kick-off delivery team-up
Marks and Spencer’s has launched a new partnership with Ocado, with its first deliveries expected to reach customers today (1 September). Around 6,800 products from M&S will now be available to consumers through the online supermarket. According to the retailer, the new venture is expected to benefit from the increased…
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1 September
Dunelm sales ahead of expectations post-lockdown
Dunelm has reported that sales have been “strong” in the last two months, with total year-on-year sales growth up 59% in July. In addition, sales were up by 24% in August against last year, outperforming the group’s initial expectations. In its latest trading update, the homeware retailer said that this…
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