"Sort by new" on the Frontier Store

Please add "sort by new" or "sort by release date" function to the Frontier store. I don't understand why this isn't already a feature. I have never seen an online store that doesn't have this.
 
It certainly wouldn't harm sales of new items if this was implemented.
It really is bizarre. The available sorting options are name and price (both self explanatory), and "position"! I have no clue what that is. Popularity by clicks or sales maybe. But there is no way to sort the items by release date. It's one of the most basic sorting options on any online store.
 
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