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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Mar- 2023 -13 March
UK retailers reassure investors amid Silicon Valley Bank collapse
UK retailers THG, Moonpig, and Naked Wines have moved to reassure investors of their financial security following the collapse of…
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13 March
Shein expected to raise £1.6bn for IPO
Fast fashion retailer Shein is set to raise £1.6bn in new funding ahead of a potential IPO in the United…
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13 March
Issa brothers mull sale of Asda properties as debt costs rise
The Issa brothers are reportedly planning to explore a sale of Asda’s £8.6bn property estate in a bid to tackle…
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13 March
Superdry appoints advisers to help cut costs
Superdry has appointed Interpath Advisory to help it cut costs after a number of profit warnings, according to reports from…
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13 March
Allbirds hires new chief financial officer
Allbirds has appointed Annie Mitchell, as chief financial officer, effective April 24, 2023. She will replace Mike Bufano, who will…
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13 March
Tesco criticised by suppliers over online fulfilment fees
Tesco has received criticism from its suppliers and farmers after they were informed of new fulfilment fees, which are to…
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10 March
UK GDP grows by 0.3% in January
Monthly gross domestic product (GDP) is estimated to have increased by a narrow 0.3% in January, with a faster recovery…
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10 March
EG Group revenues jump 25% to $33bn
Asda owners the Issa brothers’ EG Group has revealed its full-year revenues surged 25% to $33.04bn (£22.5bn), which it said…
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10 March
Boohoo narrowly approves new growth plan
Boohoo has experienced pushback from shareholders over its plans to award executives £175m if its share price improves, despite the…
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10 March
Prada reports profits rise 21% to €4.2bn for FY22
Prada Group has reported that its 2022 revenues increased to €4.2bn (£3.7bn), marking a 21.3% rise over 2021, according to…
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