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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Jan- 2024 -5 January
Ann Summers secures £8m funding to bolster growth
British retailer Ann Summers has secured £8m in asset-based funding from Secure Trust Bank Commercial Finance, Retail Week has revealed.…
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5 January
Boots Q1 driven by record-breaking Black Friday
Boots has revealed it delivered a strong performance in its first quarter of the year, ended 30 November 2023, as…
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5 January
Asda and Usdaw sign collective bargaining agreement
Asda and Usdaw have signed a collective bargaining agreement that will see the union represent hourly-paid employees in the convenience…
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5 January
Zalando direct-to-consumer VP steps down
Carsten Keller, Zalando’s direct-to-consumer vice-president and CEO and founder of the group’s Connected Retail division, has decided to leave the…
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5 January
Sainsbury’s invests £200m to raise wages by 9%
Sainsbury’s will be investing £200m to increase colleague pay to £12 per hour – £13.15 in London – from March. …
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4 January
Today’s news in brief-4/1/24
UK retail footfall rose by 6.1% in December driven by a festive shopping surge. Shopping centres led with an 11.1%…
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4 January
Food and health and beauty to perform better in 2024
Food and health and Beauty are expected to be two of the best performing retail categories for 2024, according to…
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4 January
Superdrug permanently halves prices of over 150 items
Superdrug has revealed that it will permanently reduce the price of over 150 everyday and essential items to make shopping…
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4 January
Festive shopping boosts footfall 6.1% in December
Footfall across UK retail destinations rose by +6.1% from November to December as poor weather conditions, rail disruption and the…
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4 January
JD Sports lowers guidance after underwhelming Christmas sales
JD Sports has lowered its full year profit guidance to between £915m – £935m, down from its ambitious £1bn target…
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