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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Jun- 2023 -21 June
THG expects increased H1 profits following strong Q2
THG has welcomed a “strong” second quarter of trading that is set to increase its first half profitability, with adjusted…
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21 June
Alibaba CEO steps down to lead brand’s cloud business
Alibaba chief executive and chairman Daniel Zhang has announced that he will be stepping down from his role to lead…
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21 June
WHSmith, M&S and Argos ordered to pay underpaid staff
WHSmith, M&S and Argos have been ordered to pay unpaid wages to thousands of staff following an investigation from the…
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20 June
M&S to cut prices on over 200 items
M&S Food has invested in the price of over 200 products in a move that will see the retailer cut…
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20 June
Frasers acquires single-figure stakes in Boohoo and Currys
Mike Ashley’s Frasers Group has announced it has made a “strategic investment” in both Boohoo and Currys. In an announcement…
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20 June
Kurt Geiger prepares for international expansion amid new funding
Kurt Geiger, the premium footwear and accessories brand owned by international private equity firm Cinven, has recently agreed a new…
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20 June
Mango partners with marine biologist to protect the Mediterranean
Mango has announced a partnership with marine biologist and National Geographic explorer Manu San Félix to support the Declaration of…
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20 June
Amazon launches flexible financing for SMEs
Amazon has launched a flexible financing programme that gives small and medium-sized businesses access to funding linked to their sales,…
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20 June
Grocery price inflation falls to lowest level this year
Like-for-like grocery price inflation has dropped to its lowest level since 2022 and now sits at 16.5% for the four…
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20 June
Peloton UK losses widen to £210m
The UK arm of Peloton has announced losses of £210m for the year ended 30 June 2022, nearly double the…
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