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- 2021 -25 May
Sosandar raises £5m in share in placing
Online womenswear brand Sosandar has revealed it has raised over £5m through an “oversubscribed” share offering. The AIM-listed company proposed…
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25 May
Retail footfall edges up amid surge in evening shopping
UK retail footfall rose 1.1% last week from the week before, which was attributed to a surge in evening shopping,…
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25 May
Mothercare sales plunge 40% in FY21
Mothercare has revealed that sales in its unaudited full-year results are set to plunge 40% to £326m, reflecting the impact…
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25 May
Ted Baker completes bank refinancing after Covid halts results
Ted Baker said it has signed an extension to its revolving credit facility (RCF) with its existing lending syndicate. Under…
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25 May
Family spending power reaches 11-year high
The average family disposable income in the UK has reached an 11-year high, according to Asda’s latest Income Tracker. Income…
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24 May
Capri announces boardroom changes
Capri Holdings, a global luxury fashion group, has announced that M William Benedetto is set to retire from his role…
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24 May
Homebase opens new store in Cheltenham
Homebase has revealed that it has opened a new store in Cheltenham, marking the first one to open in six…
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24 May
John Lewis chair calls for rates rethink to help ‘level’ up retail
John Lewis chair Sharon White has called for chancellor Rishi Sunak to scrap the business rates system in favour of…
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24 May
M&S to buy more goods from EU amidst NI border disruption
Marks and Spencer will reportedly buy more food from EU countries as the group looks to “reshape its supply chain”…
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24 May
Seraphine owner eyes London IPO
The new owner of the maternity wear brand Seraphine is reportedly eyeing plans to deliver it to the London stock…
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