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 -20 January
Dixons Carphone sees 121% online growth over Christmas
Dixons Carphone welcomed a 121% rise in its like-for-like online revenue during the peak Christmas season, attributed to a higher…
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20 January
Burberry hails strategic progress despite sales decline
Burberry has welcomed a period of “strong” strategic progress in its third quarter, despite sales sliding by 9% in the…
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20 January
WH Smith trading ‘better than anticipated’
WH Smith has posted its trading update for the 16 weeks to January, with the company reporting a “better than…
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20 January
Moonpig confirms £1.2bn stock market float
Moonpig, the internet greetings cards and gifts retailer, has confirmed plans for a £1.2bn float on the London stock exchange.…
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20 January
Arcadia to close 31 stores, 700 jobs lost
Arcadia, Sir Phillip Green’s retail empire, is set to close another 31 stores after going into administration in November, which…
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19 January
Sunak looks to raise corporation tax in March budget
Chancellor Rishi Sunak is reportedly looking to raise corporation tax in the upcoming March budget to pay off the estimated…
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19 January
Superdry swings to £18.9m H1 loss
Superdry has reported an £18.9m loss for the first half of the year, as the company also warned about its…
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19 January
Footfall continues to decline but stays above Lockdown 1 levels
Footfall across UK retail destinations declined by -10.9% last week from the week before, but has managed to stay above…
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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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