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- 2022 -19 December
Record Cyber Monday could signal last-minute Christmas shopping spree
International logistics provider fulfilmentcrowd believes that record Cyber Monday demand could signal a flurry of last-minute Christmas shopping and a…
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19 December
Frasers acquires JD Sports’ premium fashion businesses
Frasers Group has announced the acquisition of JD Sports’ premium fashion offering in a deal worth up to £47.5m. The…
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19 December
Ikea UK profits fall by nearly a fifth despite £2.2bn in sales
Ikea UK has announced that its profits have fallen nearly a fifth to £49.6m, despite posting sales of £2.2bn for…
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19 December
Matalan founder to make final bid for group
John Hargreaves, the founder of fashion retailer Matalan, has announced his final offer to keep control of the company he…
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19 December
Sainsbury’s to invest £550m in keeping prices low
Sainsbury’s is set to invest £550m over two years to keep its prices low and be “more competitive”, CEO Simon…
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16 December
Co-op launches partnership with Just Eat
Just Eat has teamed up with Co-op to launch an on-demand online delivery partnership. Initially rolling-out to 50 stores early…
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16 December
Retail sales dip 0.4% in November
Black Friday and Christmas shopping has failed to lure people back to the high streets as the Office for National…
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16 December
Consumer confidence remains at ‘historic lows’ in December
GfK’s Consumer Confidence Index increased by only two points in December to -42, with confidence still sitting at “historic lows”. …
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15 December
Bank of England raises interest rates by 0.5% to 3.5%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…
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15 December
Currys falls to pre-tax loss of £17m in H1
Currys has fallen to a pre-tax loss of £17m for the half year ended 29 October 2022, down from profits…
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