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 -6 May
McColl’s collapse ‘increasingly likely’, 16,000 jobs at risk
McColl’s has warned that it is “increasingly likely” that the group will collapse into administration, in a move that could…
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5 May
Made appoints new independent non-executive director
Made.com has announced the appointment of Claire Valoti as an independent non-executive director, and she will join the company’s board…
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5 May
BoE raises interest rates to highest level since 2009
The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time…
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5 May
Zalando revenues dip despite rise in active customers
Zalando has revealed that its revenues for the period dipped 1.5% YOY to €2.2bn (£1.8bn) as it transitioned to a…
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5 May
30% of Ocado shareholders vote against £100m CEO bonus plan
Almost 30% of Ocado shareholders voted against the company’s remuneration policy that would see its chief executive Tim Steiner receive…
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5 May
Next Q1 sales surge 22% despite online hit
Next plc has reported that its full price sales surged 22% year-on-year for the 13 weeks to 30 April (Q1),…
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5 May
Consumers must brace for further price rises, BRC warns
The British Retail Consortium has warned that consumers can expect further rising prices as inflation continues to accelerate in the…
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5 May
Coca-Cola open first European flagship in London
Coca‑Cola has announced the launch of its first flagship Coca‑Cola store in London, located in Long Acre, Covent Garden. The…
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4 May
Early May bank holiday provides footfall boost
The impact of two bank holidays has led to an uplift in footfall over the last week of April, up…
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4 May
Boohoo profits sink 94% to £7.8m
Boohoo has announced its profit before tax sunk 94% to £7.8m in 2022, compared to £124.7m in 2021, according to…
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