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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Sep- 2022 -26 September
Footfall set to plummet in lead up to Christmas
Springboard has forecast that footfall across all UK retail destinations will decline on a month to month basis by -4.9%…
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26 September
Aldi doubles down on price promise to customers amid rising costs
Budget supermarket retailer, Aldi, has pledged to continue to provide the lowest grocery prices in the UK to help households…
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26 September
Sainsbury’s property deal with LXi REIT falls through
Property investor LXi REIT has announced it is pulling out from a deal to buy 18 Sainsbury’s stores in southern…
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23 September
Made.com to shed workforce amid plans for company sale
Made.com could reportedly cut over a third of its headcount alongside plans to explore a potential sale of the group,…
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23 September
The Works revenues rise by 46.5% in FY22
The Works has welcomed “strong” financial results in FY22 and made strategic progress as the group’s total revenue reached £264.6m…
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23 September
Chancellor announces sweeping tax cuts in first mini-budget
Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as…
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23 September
Revolution Beauty to undergo investigation into audit failures
Revolution Beauty has said it will undergo an audit investigation after its failure to complete its auditing quickly enough, as…
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23 September
Lidl ups pay rise to become highest paying supermarket
Lidl GB has announced plans to increase the hourly pay rate of all store and warehouse colleagues next week, representing…
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23 September
Consumer confidence plummets to record low in September
UK consumer confidence has plummeted to a record low of -49% in September, the lowest since 1974, according to the…
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22 September
BoE raises interest rates to 2.25%
The Bank of England has today (22 September) announced that interest rates will be raised by 0.5%, with rates rising…
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