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 -29 July
Mothercare losses widen to £21.4m
Mothercare has reported a wider pre-tax loss of £21.4m for the full-year ended 27 March 2021. Turnover also plummeted 47.9%…
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29 July
BoohooMan drops DaBaby over ‘homophobic language’
Online fashion retailer Boohoo has dropped rapper DaBaby from its BoohooMan partnership following a string of homophobic comments that also…
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29 July
Pets at Home sees sales soar to £377.8m
Pets at Home has seen its first quarter revenues grow 25.7% to £377.8m as the retailer continues to witness a…
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28 July
GIC joins Fortress-led Morrisons takeover bid
GIC, a Singapore investment firm, has joined the £6.3bn Fortress-led consortium bid for Morrisons. A filing on the London Stock…
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28 July
Tesco accelerates sustainability plans with windfarm launch
Tesco has revealed that its newly backed windfarm is now live and generating much needed renewable energy, falling in line…
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28 July
Asda owners eye Fat Face head for George CEO role
Asda owners, brothers Mohsin and Zubba Issa are reportedly in talks to appoint the current CEO of Fat Face, Liz…
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28 July
Morrisons’ largest shareholder ‘not inclined’ to back £6.3bn Fortress offer
Morrison’s largest shareholder Silcherster has said it is “not inclined” to support the £6.3bn takeover that has been accepted by…
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28 July
Music Magpie sees revenues up 2.3% following IPO float
Music Magpie, an e-commerce retail business, saw its group revenues grow by 2.3% to £72.8m for the six months ending…
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28 July
PMI closes entire IQOS high street portfolio
Global tobacco company Philip Morris International has reportedly closed the entire UK portfolio of its recently opened IQOS shops. According…
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28 July
Shop prices decline will ‘not last forever’, BRC warns
Shop prices have continued to decline in July, but the lowering of prices may “not last forever” in the wake…
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