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 -2 March
Hotel Chocolat reports 11% revenue rise in H1
Hotel Chocolat has reported a 11% rise in revenue in its interim results for the 26 weeks ended 27 December…
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2 March
In The Style to float on AIM
In The Style (ITS) has confirmed its intention to float on AIM, a sub-market of the London Stock Exchange. The…
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2 March
Card Factory confirms refinancing plans
Card Factory has issued a liquidity update which confirmed the groups intentions to “refinance” as the banks have provided further…
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1 March
Morrisons acquires seafood wholesaler
Morrisons has announced its acquisition of Falfish, a family-owned wholesaler of sustainable seafood based in Cornwall. The acquisition represents the…
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1 March
GFG welcomes first profitable year
Global Fashion Group (GFG) has announced its first adjusted EBITDA positive year for FY20 at €16.4m (£14.1m), its first profitable…
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1 March
Sainsbury’s hikes pay of frontline staff
Sainsbury’s has announced it is increasing the pay for its frontline employees this month, and is awarding them a third…
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1 March
Chancellor to unveil £5bn high-street support package
Chancellor Rishi Sunak is expected to offer over 700,000 retail, hospitality and other businesses grants of up to £18,000 as…
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1 March
Halfords predicts £100m profit amid cycling boom
Halfords has announced it expects pre-tax profit in its full-year results to range between £90m-£100m, after reporting “better than expected”…
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1 March
M&S creates 360 new roles to back Gov’s Kickstart scheme
Marks and Spencer is supporting the government’s Kickstart programme by creating 360 youth work placement roles, to help young people…
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1 March
Russia’s Fix Price mulls London float
Fix Price, a Russian budget retailer, is reportedly set for an IPO of between £1.08bn and £1.22bn as the group…
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