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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Jan- 2021 -19 January
Aldi increases minimum wage to £9.55
Aldi has announced it is increasing its minimum hourly rate to £9.55 an hour nationwide, exceeding the Living Wage Foundation’s…
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19 January
Matalan revenue falls 21.5% in Q3
Matalan, the out of town fashion and homeware retailer, has announced its year-on-year revenue plummeted 21.5% for the 13 weeks…
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19 January
Hotel Chocolat’s multi-channel model sees sales boost
Hotel Chocolat has reported a 19% rise in total group revenue in the 13 weeks to 27 December thanks to…
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19 January
AO welcomes ‘record’ Christmas quarter
AO World has welcomed its “strongest ever” peak trading period over the Black Friday and Christmas period, with year-on-year UK…
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18 January
Uniqlo reports 7.2% revenue decline
Fast Retailing, the parent company of Uniqlo, has revealed the high street fashion brand’s year-on-year revenue for the quarter ended…
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18 January
Former Carillion boss to leave Tesco role
Alison Horner, the chief executive of Tesco’s Asia business and a former director at the collapsed construction company Carillion, is…
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18 January
Barclay family mulls £3bn Very Group float
The Barclay family is reportedly eyeing up a £3bn float of online retailer Very Group, according to reports from Sky…
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18 January
H&M partners with Simone Rocha
H&M has announced its partnering with Simone Rocha, the Irish designer known for celebrating her inter-ethnic heritage, on an upcoming…
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18 January
Dr. Martens to float on London Stock Exchange
Dr. Martens has announced its intention to float on the London Stock Exchange, with admission currently expected to occur in…
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18 January
Next in the lead for Arcadia Group
High street retailer Next is allegedly the lead bidder in the race to buy Arcadia Group out of administration, The…
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