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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Sep- 2023 -22 September
Co-op underlying profits jump to £43m in H1
The Co-op has posted underlying profits of £43m during the first half of the year, up from a £1m loss…
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22 September
Ocado shares suffer worst fall in 11 years
Online supermarket Ocado saw its shares plummet 20% yesterday, its worst fall in 11 years, as a result of being…
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22 September
Currys to recruit for over 1,100 roles ahead of ‘peak’ trading
Technology retailer Currys has today announced plans to create over 1,100 new roles during this year’s “peak” trading period. To…
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22 September
Mothercare revenues decline in FY23
Mothercare has reported that underlying profits slipped from £12m last year to £6.7m in the financial year ended 25 March,…
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22 September
Retail sales recover in August, says ONS
Retail sales have risen 0.4% in August compared to a slight fall of 1.1% in July, according to new data…
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21 September
Today’s news in brief-21/09/23
Wilko’s administrators PwC are reportedly set to begin a review of dividend payouts totalling £77m to investors over the past…
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21 September
Footasylum opens Oxford Street flagship
Sportswear retailer Footasylum has opened its flagship store at 73-89 Oxford Street in London, as it continues to see strong…
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21 September
Aldi to sponsor nationwide beach cleanup project
Aldi has announced it is backing the Marine Conservation Society’s Beachwatch programme with a £50,000 sponsorship. The supermarket has become…
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21 September
Bank of England keeps interest rates unchanged at 5.25%
Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest…
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21 September
Secret Sales acquires Spanish online fashion retailer Dreivip.com
Secret Sales has announced the acquisition of Dreivip.com – the Spanish discount retailer – for an undisclosed sum. Secret Sales…
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