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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Oct- 2024 -18 October
Mothercare secures refinancing deal amid Asia expansion plans
Mothercare has agreed a deal that will see it refinance its existing debt facilities with investment firm Gordon Brothers, whilst…
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18 October
Hobbycraft profits plummet 80%
Hobbycraft has reported an 80% drop in profits to £393,000, down from £2m the previous year, for the 52 weeks…
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18 October
Boohoo CEO to leave amid strategic review and new debt deal
Boohoo has announced that its CEO John Lyttle is set to step down after five years in the role. He…
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18 October
Furniture Village doubles employee profit share payouts
Furniture Village has doubled its employee profit share payouts following its strong trading performance for the year ended in June.…
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17 October
Today’s news in brief-17/10/24
N Brown has agreed to a £191m takeover by Falcon 24 Topco, a company led by Joshua Alliance, a member…
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17 October
Mint Velvet opens new store in centre:mk
Mint Velvet, the British womenswear brand, has opened its new boutique and debut Milton Keynes location, within centre:mk’s premium Silbury…
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17 October
The Entertainer rolls out over 850 concessions in Tesco stores
The Entertainer has completed a major roll-out of more than 850 brand-new toy shops within Tesco stores as part of…
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17 October
DFS chief financial officer to step down
Retailer of living room and upholstered furniture DFS has announced that chief financial officer John Fallon is set to step…
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17 October
Tesco signs ‘largest’ PPA to power 144 supermarkets
Tesco has signed its largest UK Power Purchase Agreement (PPA), which has secured 65% of the solar power generation from…
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17 October
Snapchat debuts immersive AR ‘high-street’ with Boots and Depop
Snapchat has announced the launch of an all-new immersive high-street experience, Snap Street, set to open in East London this…
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