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- 2021 -9 February
Consumer spending sees ‘sharpest’ fall at 16.3% in January
Consumer spending fell 16.3% in January, the “sharpest” decline since May 2020 which was attributed to the current lockdown restrictions…
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9 February
Notonthehighstreet acquired by US investment firm
Notonthehighstreet has been acquired by Great Hill Partners, an American investment firm. The online gift retailer was founded in 2006…
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9 February
January retail sales slump to lowest level since May 2020
January saw retail sales growth decline to its lowest level since May of last year, figures by the BRC and…
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8 February
Three in 10 SMEs could be forced to shut if lockdown is extended
At least three in 10 (30%) SMEs will be forced to close for good by the end of the year…
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8 February
Kurt Geiger reports pre-pandemic growth
Luxury footwear and accessories retailer Kurt Geiger has reported pre-pandemic growth to both its revenues and profits. Accounts filed at…
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8 February
Retail sales fall 10% in January
Total like-for-like retail sales declined by 10% in January as both the national lockdown and impact of Covid-19 affected shops…
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8 February
Boohoo snaps up remaining Arcadia brands
Boohoo has confirmed that it has acquired the remaining brands from fallen retail empire Arcadia, in a move that will…
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8 February
Amazon’s tax to turnover ratio dropped to 0.37% in 2020
Amazon saw its tax to turnover ratio fall to 0.37% last year, despite sales rising by more than 51% in…
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8 February
Sunak mulls ‘Amazon Tax’ to help with UK debts
Chancellor Rishi Sunak is allegedly considering a double tax raid on online retailers such as Amazon who profited during the…
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5 February
ManoMano doubles sales volume to over £1bn
ManoMano, an online DIY marketplace, saw its global business volume climb to £1.05bn last year, with its UK sales tripling…
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