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
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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13 July
UK retail sales jump 13.1% in June
Total retail sales in the UK increased by 13.1% in June, according to the latest BRC-KPMG retail sales monitor. On…
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13 July
Sainsbury’s opens new site in Hamilton
Sainsbury’s has announced the opening of a new local store in Hamilton. The 2,300 sq. ft store will be open…
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