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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Dec- 2023 -21 December
4,500 retailers in critical financial distress, new data reveals
Nearly 4,500 retailers are now in critical financial distress as poor consumer confidence, “sticky” inflation, and elevated interest rates force…
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21 December
Frasers Group acquires Matches for £52m
Frasers Group has confirmed it has acquired the Matches business from MF Intermediate Limited in a deal estimated to be…
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21 December
Mango welcomes ‘record’ year as sales top €3bn
Mango has welcomed a “record” year of sales in 2023, with expectations that full-year turnover will hit €3bn (£2.6bn), surpassing…
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20 December
Today’s news in brief-20/12/23
New figures from the Office for National Statistics (ONS) reveal that UK inflation has decreased to 3.9% in the year…
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20 December
Direct Selling Association appoints new board chair
The UK trade body for direct-to-consumer retail, the Direct Selling Association (DSA), has announced the appointment of Ayo Olaseinde as…
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20 December
Alibaba chief to head e-commerce arm
Alibaba Group has announced that chief executive Eddie Wu will now serve as chief executive of the group’s ecommerce arm,…
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20 December
UK inflation falls to two-year low of 3.9%
UK inflation has fallen to 3.9% in the year to November, the lowest level seen in two years, according to…
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20 December
Asda’s interest bill to exceed £400m
Asda is set to see its debt interest bill exceed £400m by early next year as a result of rising…
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20 December
Lidl becomes first grocer to double paid maternity leave
Lidl GB will be introducing 28 weeks full pay for staff on maternity or adoption leave starting from 1 January…
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19 December
Today’s news in brief
South Korean e-commerce giant Coupang has reportedly reached an agreement to acquire Farfetch in a $500m rescue deal. The transaction…
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