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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Feb- 2023 -14 February
Former Topps Tiles CEO acquires Tile Giant out of administration
Specialist retailer Tile Giant has been sold out of administration to two separate companies; Stiled Holdings and CTD Tiles. Interpath…
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14 February
Footfall surges 9% amid city centre recovery
Footfall across all UK retail destinations surged +9.1% annually, with a week-on-week footfall boost of +1.6% as office workers returned…
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14 February
Online sales growth slows to pre-pandemic levels
Online sales have slowed down to pre-pandemic levels, according to new analysis from the IMRG’s online retail index. The analysis…
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14 February
Amazon workers in Coventry to hold further strike action
Workers at Amazon have announced that a further seven days of strike action are set to take place at the…
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13 February
Mulberry shutters Bond Street store amid end of VAT-free shopping
Luxury fashion retailer Mulberry has shuttered its Bond Street store after it claimed that the end of VAT-free shopping for…
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13 February
Castore in $200m fundraising talks in bid to rival Nike and Adidas
Sportswear brand Castore is reportedly in talks with investors about a $200m (£166m) fundraising deal as it aims to compete…
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13 February
Former Aldi CEO in running to replace David Potts at Morrisons
Former Aldi CEO Matthew Barnes is reportedly in the running to replace David Potts as CEO of Morrisons, according to…
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13 February
Paperchase unsecured creditors left with £20m bill
Paperchase’s unsecured creditors have been stuck with a £20m bill from its period in administration, according to The Times, after…
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10 February
UK narrowly avoids recession as economy flatlines in Q4
The UK economy narrowly avoided recession as the latest figures from the Office for National Statistics (ONS) shows there was…
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10 February
Iceland refinancing prospects strengthen amid improved guidance
Iceland has reported a “better than expected” guidance, and as a result, the retailer believes its prospects for a £750m…
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