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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Mar- 2021 -11 March
Morrisons remains ‘confident’ despite 62% fall in profits
Morrisons has said it expects to see profits recover this financial year, after it experienced a 62% decrease in pre-tax…
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11 March
Monzo backer welcomes retail investors
Passion Capital, an early investor backer of Monzo, is reportedly set to welcome retail investors with the launch of a…
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11 March
John Lewis swings to £517m loss, warns of further closures
The John Lewis Partnership has swung to a pre-tax loss of £517m in the full-year ended 31 January 2021, down…
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11 March
Levi Strauss & Co board chair to retire
Levi Strauss & Co has announced that Stephen C. Neal, the current board chair, will step down on 26 March,…
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11 March
Aldi set to fund 60 produce industry apprenticeships
Aldi has announced its plans to fund 60 produce industry apprenticeships over the next two years, in partnership with Management…
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10 March
Mango 2020 in-store turnover falls 43%
Fashion, footwear, and accessories retailer Mango has announced turnover for FY20 of £1.58bn, as the performance of its in-store and…
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10 March
Next acquires 25% equity stake in Reiss
Next has announced it has entered into a long-term, strategic partnership with Reiss whereby it will acquire a 25% equity…
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10 March
Inditex profits fall to €1.1bn despite strong online sales
Inditex, the parent company of fashion retailers Zara and Massimo Dutti, has revealed a fall in profits to €1.1bn (£940m)…
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10 March
Evans Cycles to axe 300 roles
The Mike Ashley-owned Evans Cycles is reportedly set to axe more than 300 roles across the business as Frasers Group…
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10 March
In The Style raises £49m ahead of float on AIM
In The Style has announced its plans to float on admission (AIM) in the stock exchange after raising £49m in…
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