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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Aug- 2022 -22 August
Foot Locker CEO announces retirement
Foot Locker, the New York-based athletic retailer, has announced that Richard Johnson will retire as president and chief executive officer…
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19 August
Retail sales improve slightly in July
Retail sales volumes rose by 0.3% in July 2022 following a fall of 0.2% in June 2022, according to the…
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19 August
TK Maxx owner’s sales hit by ‘historical’ inflation
TK Maxx owner, The TJX Companies, has revealed net sales for the second quarter of Fiscal 2023 ended July 30…
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19 August
Central Group and Signa Holdings complete Selfridges acquisition
Central Group and Signa Holding have completed the acquisition of Selfridges Group from the Weston Family in a deal that…
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19 August
Consumer confidence hits record low of -44 in August
Acute concerns amid the soaring cost of living and bleak economic prospects saw GfK’s long-running Consumer Confidence Index fall by…
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19 August
Joules faces FY loss as summer sales suffer
Joules has warned that it expects to deliver a full-year loss that is “significantly” below market expectations in its next…
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18 August
B&M names former KPMG-head as non-executive director
B&M has appointed Oliver Tant as a non-executive director, effective 1 November 2022, and he will succeed Ron McMillan as…
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18 August
Frasers makes cash offer for MySale
Mike Ashley’s Frasers Group has made a cash offer to acquire a 100% stake in Australian online marketplace MySale for…
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18 August
Angling Direct sales grow 1.3% in 2022 H1
Angling Direct has revealed its sales have grown 1.3% year-on-year to £38.9m in the first six month of 2022 ended…
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18 August
Made.com calls in advisers to shore up balance sheet
Made.com Group, the online furniture retailer, has reportedly called in advisers to help shore up its balance sheet as it…
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