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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Apr- 2024 -30 April
Fifth of Ocado shareholders vote against CEO bonus
Amost a fifth of Ocado shareholders voted against a new pay scheme that would see co-founder and CEO, Tim Steiner,…
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30 April
Shop Price annual inflation falls to 0.8% in April
Shop Price annual inflation eased to 0.8% in April, down from 1.3% in March, as it starts to show “signs…
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30 April
Morrisons completes £2.5bn petrol forecourts sale to MFG
Morrisons has successfully closed the sale of 337 Morrisons’ petrol forecourts and more than 400 associated sites on the Morrisons’…
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30 April
Card Factory profits soar 25% amid strong store trading
Card Factory has welcomed a strong year of trading, as pre-tax profit soared 25% to £65.6m in FY24, largely boosted…
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29 April
Today’s news in brief-29/4/24
Ted Baker’s European operations are on the brink of administration, endangering 149 jobs. The potential collapse affects stores and concessions…
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29 April
BP appoints convenience retail VP and senior deal manager
BP has announced the appointment of Jo Hayward as VP of mobility and convenience retail and Natalie Cattermole as senior…
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29 April
Moss to open new store in Gloucester Quays
Menswear retailer Moss has selected Gloucester Quays for its next store, opening Saturday 4 May. Moss is set to bring…
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29 April
Monsoon Accessorize profits fall amid ‘difficult trading’
Monsoon Accessorize has seen its EBITDA fall 18% to £20m for the year ended 26 August 2023. The company stated…
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29 April
Lidl to invest £500m into British pork
Lidl GB has announced an investment of £500m into the British pork sector as it aims to ensure the continued…
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29 April
Ted Baker’s European arm faces collapse, 149 jobs at risk
The European arm of Ted Baker is reportedly at risk of entering administration with 149 roles at risk.According to Drapers,…
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