News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Aug- 2021 -27 August
Number of UK department stores falls 83% in five years
The number of department stores in the UK has plummeted 83% since the collapse of BHS in 2016. According to…
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27 August
EG Group revenues soar 57.7% in Q2
Blackburn-based retail giant EG Group saw total revenues soar 57.7% year-on-year to $6.51bn (£4.75m) in Q2 FY21. The new Asda…
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26 August
Tesco partnership saved more than five million meals from waste
Tesco has announced that due to its new partnership with food sharing app Olio, more than five million meals have…
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26 August
Coca-Cola announces Herbert Allen’s director retirement
The Coca-Cola Company has announced that Herbert Allen has retired from his role as director after 39 years at the…
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26 August
Frasers to open new Flannels store in Livingston
The Frasers Group will open a new Flannels store at the Centre shopping centre in Livingston, after committing to take…
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26 August
Sainsbury’s opens new Brunel Street Works store
Sainsbury’s has opened its newest store at Newham Brunel Street Works Local. The store is situated in the new Brunel…
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26 August
Watches of Switzerland secures new CFO
Watches of Switzerland has announced the appointment of William Floydd as its newest CFO. He will succeed Anders Romberg who…
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26 August
Supermarket leaders warn of Christmas supply shortages
Supermarket leaders from across the UK have warned of supply chain issues over the Christmas period due to the ongoing…
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26 August
New Frasers Group CEO up for £100m pay package
Michael Murray, who is set to become the CEO of Frasers Group following Mike Ashley’s departure, is reportedly in line…
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26 August
Walmart commercialises delivery platform
Walmart is commercialising its delivery platform, with the launch of ‘Walmart Go Local’ which will see other retailers tap into…
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