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 -14 July
John Lewis and Waitrose to axe 1,000 jobs across stores
The John Lewis Partnership has announced that John Lewis and its sister company Waitrose are set to cut 1,000 job…
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14 July
Administrators appointed to wind up Arcadia Group
Mazars has been appointed as liquidators of Philip Green’s collapsed retail empire Arcadia Group -with the group looking to “repay…
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14 July
Boohoo expands Debenhams presence in Middle East
Boohoo has announced a new partnership with Alshaya Group to build on the presence of Debenhams in the Middle East…
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14 July
ManoMano raises $355m in Series F funding round
ManoMano, a European marketplace specialising in DIY, home improvement, and gardening, has secured $355m (£257m) in a Series F fundraising…
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14 July
Dunelm raises guidance amid ‘robust’ Q4 sales
Dunelm has raised its full-year guidance following a period of “exceptionally strong” growth post-lockdown, with Q4 sales soaring 101.7%, or…
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14 July
Sainsbury’s recalls vegan lasagne due to ‘traces of meat’
Sainsbury’s has issued a product recall after it was discovered that one of its vegan food items contained meat. In…
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13 July
Seraphine successfully prices IPO at £150m
Seraphine Group, the digitally-led maternity and nursing brand, has successfully priced its IPO’s market capitalisation at £150.2m. Priced at 295…
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13 July
Amara appoints new chief technology officer
Online retailer Amara has announced that Matthew Butlin has been appointed to the newly created role of chief technology officer…
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13 July
Hotel Chocolat raises profit forecast amid sales boom
Hotel Chocolat has anticipated that its underlying pre-tax profit for FY21 will be “higher than its previous expectations” amid a…
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13 July
Superdrug revenues tumble 15% in FY20
Superdrug saw its group revenues decline 15% year-on-year to £1.11bn in FY20, despite being classed as an “essential retailer”. Profit…
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