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 -15 March
Oxford Street kicks off £150m regeneration plan
Westminster City Council has launched its “ambitious” £150m plans to renovate Oxford Street, beginning with a series of temporary interventions…
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15 March
Hammerson confirms board reshuffle
Shopping centre operator Hammerson has announced a number of changes to the composition of its board members. Pierre Bouchut, non-executive…
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15 March
H&M Q1 sales fall 21% to £3.4bn
H&M has announced that group net sales decreased by 21% in local currencies to SEK 40.1bn (£3.4bn) in its first…
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15 March
Covid-19 forced over 17,500 chain stores to close in 2020
More than 17,500 chain stores were forced to close last year across the UK, as Covid-19 has created one of…
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12 March
Sainsbury’s announces director appointment
J Sainsbury plc has announced the appointment of Adrian Hennah to its board as a non-executive director. Hennah is set…
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12 March
Mothercare to float on junior stock market
Mothercare has announced its intentions to float on admission (AIM) on the junior stock market at £0.01 per ordinary share.…
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12 March
JD.com Q4 revenues up 31%
Chinese online retailer JD.com reported a 31% increase in revenues during the fourth quarter of the year to RMB224.3bn (£24.7bn).…
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12 March
Burberry upgrades Q4 guidance
Burberry has announced that ahead of its trading update, the group anticipates its fourth quarter results to be “better than…
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12 March
UK GDP shrinks 2.9% amid January lockdown
Monthly GDP fell by 2.9% in January as a national lockdown proved to impact economic activity, new data from the…
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12 March
JD Sports enters Eastern Europe with MIG acquisition
JD Sports has expanded into Eastern Europe, with plans to acquire 60% of Polish fashion business, the Marketing Investment Group…
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