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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Feb- 2022 -3 February
BoE raises interest rates to 0.5%
The Bank of England (BoE) has raised interest rates for the second time in three months to 0.5%, up from…
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3 February
Energy price cap to rise 54% from April
Retail bosses are braced for a spending squeeze after it was revealed the energy price cap is set to increase…
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3 February
Ikea to recruit 150 tech roles with new recruitment campaign
Ikea has announced a new data and technology recruitment campaign to recruit over 150 technology and innovation roles across Europe…
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3 February
ScS reports strong winter trading as order book hits £148m
ScS, the upholstered furniture and flooring retailer, has hailed a period of strong winter trading which has also seen its…
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3 February
Walgreens Boots Alliance adds to its board of directors
Walgreens Boots Alliance has announced the appointment of Steven Shulman to the company’s board of directors. He joins the board…
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3 February
Virgin Wines revenues surge 55% to £40.5m
Virgin Wines UK plc, the online wine retailer, has reported its revenues surged 55% to £40.5m in the six months…
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3 February
Retail CEO appointments halve in 2021
The number of newly appointed retail CEOs fell significantly in the UK in 2021, according to new figures from Korn…
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3 February
Jan footfall 20% down on 2019 figures
Footfall in UK retail destinations weakened in January, reaching a gap of -20.8% from the 2019 level versus -18.6% in…
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2 February
Prada appoints two new independent non-executive directors
Prada has announced the appointment of Pamela Culpepper and Anna Maria Rugarli as independent non-executive directors, taking the board up…
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2 February
Influencer activewear brand Tala raises £4.2m
Tala, the sustainable activewear brand founded by fitness entrepreneur Grace Beverley, has announced that it has raised £4.2m in funding…
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