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 -26 May
Supermarket visits rise by 58 million amid vaccine rollout
UK shoppers made 58 million more visits to the supermarket in the most recent four weeks than they did in…
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26 May
Ralph and Russo takeover on the rocks
The sale of womenswear brand Ralph and Russo is reportedly in doubt as businesses are unable to commit due to…
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26 May
M&S to close sites amid £201m loss
Marks and Spencer has swung to a statutory £201m loss in its financial results for the year ended 3 April…
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25 May
BRC calls on government to ‘accelerate use’ of green goods vehicles
The British Retail Consortium (BRC) has written to the secretary of state for transport, Grant Shapps MP, calling on the…
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25 May
Wilko FY21 sales plummet £107m to £1.36bn
Wilkinson Hardware Stores (Wilko) saw its total sales drop 7.3% and £107.2m year-on-year from £1.47bn in FY20 to £1.36bn in…
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25 May
Made.com launches £1bn London IPO
Online furniture retailer Made.com has announced its expected intention to float on the London Stock Exchange for £1bn. Founded in…
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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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