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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Jun- 2021 -14 June
Primark to extend Luton site
Primark is set to extend and refurbish its store at The Mall, Luton. As part of the build, the site…
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14 June
UK auction house launches new online store
John Pye, the leading UK auction house, has announced the launch of its brand-new online store. The John Pye Luxury…
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14 June
Amara appoints new COO
Amara, an interior online retailer, has announced that Mark Higgins has been appointed to the newly created position of chief…
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14 June
Ted Baker losses widen to £60m
Ted Baker has announced that group revenue plummeted 44.2% to £352m in the year ended 30 January 2021, as the…
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11 June
Bira calls for extension of Gov’s TCR scheme
The British Independent Retailers Association (Bira) is calling for an extension in the government’s Trade Credit Reinsurance (TCR) scheme. CEO…
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11 June
Asda sales climb 7.3% in Q1
Asda has revealed that its like-for-like sales climbed 7.3% for the three months ended 31 March 2021. The increase in…
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11 June
Selfridges owners considering £4bn sale
The owners of Selfridges department store, The Weston family, are reportedly considering a £4bn sale of the property. According to…
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11 June
Morrisons shareholders vote against exec bonuses
Morrisons shareholders have overwhelmingly voted against the retailer’s remuneration proposals which included paying David Potts, chief executive, £1.7m in bonuses,…
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11 June
Hornby sales soar as lockdown drives hobbies
Hornby has announced that revenue soared by 28% to £48.5m in the year ended 31 March 2021, up from £38.7m…
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11 June
Naked Wines sees revenues soar 68%
Naked Wines has seen its revenues increase by 68% to £340.2m in the year ending 29 March 2021 – following…
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