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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Jul- 2022 -26 July
Shoezone ups profit guidance amid ‘better than expected’ trading
Shoe Zone has announced “stronger than expected” trading in its latest update detailing the figures since 29 June, with the…
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26 July
Matalan founder returns as chairman
Matalan has announced that its founder, John Hargreaves, will return to the company as chairman, effective immediately. In this role,…
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26 July
Summer heatwave and alfresco dining help lift July supermarket sales
Grocery sales at UK supermarkets surged +4.4% in the last four weeks ending 16 July, with sales rising to +5.6%…
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26 July
Wickes downgrades outlook despite strong Q2 sales
Wickes has downgraded its full-year outlook after signs of “softening” in DIY and DIFM markets in recent weeks, despite the…
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26 July
The Very Group poaches Metro Bank CMO
The Very Group has appointed Jessica Myers as its new chief marketing officer (CMO), who assumes the role on 3…
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26 July
Swiss investment firm acquires Henri-Lloyd
Odlo International AG, a Swiss performance brand in Monte Rosa Capital’s portfolio, has announced the acquisition of Henri-Lloyd, the 60-year-old…
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25 July
Co-op to axe 400 office jobs amid ‘tough’ trading environment
The Cooperative Group (Co-op) has announced that it will make 400 roles redundant at its head office in Manchester, amid…
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25 July
Retail accounts for 10% of UK administrations in 2022, study finds
The retail sector accounted for 10% of administrations in the first six months of the year – the third highest…
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25 July
Asos delays autumn orders amid fears shoppers may cut back
Asos has delayed some autumn orders due to concerns that customers will cut back on buying new clothes in the…
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25 July
Naked Wines CFO departs amid sales warning
Naked Wines has announced that Shawn Tabak, chief financial officer and director, has left the company by mutual decision, effective…
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