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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May- 2022 -24 May
Harrods appoints chief financial officer
Harrods has appointed Tim Parker as its new chief financial officer for the group. He joins Harrods following 10 years…
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23 May
Sustainable In-Store Packing: A Critical Trend in Retail
Forrester’s recent predictions confirm a trend that we are all seeing, namely the importance of the circular economy to retail…
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23 May
Ted Baker selects preferred bidder as Sycamore backs out
Ted Baker has announced it has selected a preferred counterparty to buy the business as US Private equity firm, Sycamore,…
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23 May
Kingfisher sales drop despite supply pressures easing
Kingfisher has announced its like-for-like sales dropped 5.4% to £3.2bn in the three months ended 30 April 2022 (Q1), although…
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23 May
Barclay Family to revive Very Group IPO plans
The owners of the Very Group, the Barclay family, are reportedly set to revive plans to float the company next…
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23 May
Moonpig to acquire Buyagift for £124m
Moonpig Group has announced the proposed acquisition of the entire issued share capital of Buyagift, the gift experiences platform, for…
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20 May
Sainsbury’s to remove Russian diesel from petrol stations
Sainsbury’s has pledged to stop selling Russian diesel from its petrol stations by the end of 2022, following calls from…
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20 May
The Works warns of trading slowdown despite ‘strong’ FY22
Arts and crafts and book retailer The Works has warned it has experienced a slight slowdown in recent trading due…
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20 May
THG rejects £2bn bid as Nick Candy eyes takeover
THG announced it has rejected a takeover bid of over £2bn from the investment companies Belerion Capital Group Limited (Belerion)…
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20 May
Retail sales rise by 1.4% in April
Retail sales volumes rose by 1.4% in April 2022 following a fall of 1.2% in March 2022, with sales volumes…
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