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 -3 February
JD to open up to 350 stores per year under new growth plan
JD Sports has announced it is planning to open 250 to 350 new stores per year in underpenetrated markets under…
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3 February
Amazon profits halve despite strong holiday sales
Amazon’s full-year profits halved to $12.2bn (£9.9bn) in FY22, as international sales fell 8% year-on-year to $34.5bn (£28.1bn). This comes…
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3 February
Canada Goose lowers outlook as revenues slip
Canada Goose reported revenues of $576.7m (£471.3m), down 1.6% from the prior third quarter “largely due” to timing of wholesale…
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2 February
BoE raises interest rates to 4%
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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2 February
Superdry boss denies plans to take business private
Superdry founder and CEO Julian Dunkerton has announced that he has no plans to take the company private following media…
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2 February
ScS maintains outlook as it returns to growth
Furniture and flooring retailer ScS has revealed it expects to meet its full-year market expectations after it returned to growth…
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2 February
John Lewis customer director steps down amid role consolidation
John Lewis has announced it is consolidating its customer relations management, with Charlotte Lock taking on the newly created role…
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2 February
Return to office boosts weekday footfall in Jan
A return to the office has boosted footfall in January despite the effects of rail strikes over the month, Springboard…
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2 February
Hotel Chocolat appoints new CFO
The british chocolate maker, Hotel Chocolat Group, has announced the appointment of Jon Akehurst as its new chief financial officer…
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1 February
Tesco acquires Paperchase IP in pre-pack deal
Tesco has acquired the intellectual property and brand of embattled stationery retailer Paperchase for an undisclosed sum in a pre-pack…
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