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 -3 August
Capri Holdings sees Q1 revenues reach $1.25bn
Multinational fashion company Capri Holdings has reported a 178% year-on-year spike in total group revenues to $1.25bn (£898m) for Q1…
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2 August
Central England Co-op partners with Snappy Shopper
Central England Co-op has announced a new partnership with Snappy Shopper, in which shoppers in the region will now be…
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2 August
Amazon growth slows in Q2
While sales in Amazon’s second quarter soared by 27% to $113bn (£81bn) against 2020, growth slowed down from a 44%…
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2 August
Hermes H1 net income reaches £1bn
Women’s bags and clutches retailer Hermes saw net income soar to €1.17bn (£999m) during the first half of FY21, up…
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2 August
CD&R set to launch rival Morrisons bid
Private equity group Clayton, Dubilier & Rice (CD&R) is reportedly set to kick off a bidding war for grocery chain…
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2 August
Aldi raises lorry drivers’ wages amid labour shortage
Aldi has reportedly increased the wages for its lorry drivers in a bid to tackle labour shortages within the industry…
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Jul- 2021 -30 July
The Midcounties Co-operative launches soft plastic collection scheme
The Midcounties Co-operative has rolled out a soft plastic collection scheme in over 200 of its food stores, meaning that…
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30 July
CMA raises no issues over Morrisons takeover
The private equity backed consortium looking to buy Morrisons has said the Competition and Markets Authority (CMA) has not raised…
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30 July
One in seven UK shops still remain vacant, BRC reveals
More than one in seven shops on UK high streets, retail parks and shopping centres are currently vacant, according to…
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30 July
Dr Martens Q1 revenues soar 52%
Dr Martens has reported revenue growth of 52% year-on-year to £147.3m in the three months ended 30 June 2021. Although…
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