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- 2023 -28 April
UK consumers saving cash due to mislabeling, Brother UK finds
UK shoppers are cashing-in on price label blunders, with 41% of consumers having personally saved money on products that have…
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28 April
BrandAlley UK acquires Internet Fusion Group
Online retailer of off-price luxury brands, BrandAlley UK, has announced its acquisition of certain assets belonging to Internet Fusion Group,…
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28 April
Crocs revenues rise by 33.9% to $884m in Q1
The world leader in innovative casual footwear, Crocs Inc, has reported consolidated revenues of $884.2m (£709m) in Q1, an increase…
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28 April
Retailers cautious to invest as retail vacancies plateau
The overall vacancy rate for retail units in the UK remained at 13.8% of Q1 in 2023, the same rate…
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28 April
Gap to lay off 1,800 jobs as part of restructuring plan
Gap Inc is set to eliminate approximately 1,800 jobs from its global workforce as part of a broad restructuring plan,…
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28 April
Skechers to acquire Scandinavian distributor
Skechers has announced that it has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding Aps. The…
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28 April
Amazon beats Q1 expectations but warns of slowed cloud growth
Amazon has beaten analysts’ expectations in the first quarter of trading, as revenues rose by 9% to $127.4bn (£102bn) against…
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28 April
Ebay launches new furniture hub to encourage pre-loved shopping
Ebay has launched a new online hub that will serve as a curated destination designed to help shoppers “consider pre-loved…
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27 April
Asda and EG merger threatens food supply and jobs, says GMB
The merger between Asda and petrol forecourt business EG Group will threaten the UK’s food supply, fuel prices and 100,000…
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27 April
Retailers not likely to benefit from King’s Coronation, GlobalData finds
Retailers may not reap significant benefits from the King’s Coronation as consumers are more likely to use it as a…
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