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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Jul- 2021 -6 July
M&S launches 25p banana bundles to reduce waste
Marks and Spencer has announced the launch of its new banana waste reduction scheme. The waste reduction scheme is to…
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6 July
Ocado H1 revenues jump 21.4% to £1.3bn
Ocado Group’s total revenues jumped 21.4% year-on-year to £1.32bn for the 26 weeks ended 30 May 2021. The end-to-end grocery…
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5 July
Bestway FY20 losses climb 32% to £8.2m
Bestway Group, the owner of Bargain Booze, Wine Rack, and Central Convenience, saw its FY20 losses climb over 32% year-on-year…
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5 July
Asda confirms hybrid working model for colleagues
Asda has confirmed that it will introduce a permanent hybrid working model for head office colleagues once social distancing restrictions…
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5 July
Hema to close its six UK stores
Dutch homeware retailer Hema has announced it has decided to close all six of its UK stores and exit the…
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5 July
JD Sports completes DTLR Villa transfer for £364m
JD Sports has announced that it has completed the transfer of retail group, DTLR Villa, which is an existing 98.6%…
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5 July
Retailers call on PM to ‘support’ laws against retail violence
Some 100 of the UK’s “leading” retailers have written to the Prime Minister calling on him to support an amendment…
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5 July
John Lewis to build 10,000 rental homes
John Lewis is set to enter the residential homes market, after unveiling plans to build 10,000 new rental homes over…
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5 July
House of Fraser staff to face switch to zero-hour contracts
Frasers Group has reportedly entered its House of Fraser staff into consultation regarding a switch to zero-hour contracts. According to…
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5 July
Morrisons set for bidding war after accepting £6.3bn offer
Rivalling private equity firms are reportedly preparing to engage in a bidding war for Morrisons after it accepted £6.3bn takeover…
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