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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Sep- 2020 -30 September
Boohoo raises forecast as profits soar
Boohoo has reported that pre-tax profit soared by 51% to £68.1m in its latest half-year results. In addition, revenue soared…
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29 September
ScS posts full year loss despite post-lockdown boost
ScS has revealed it made a statutory loss of £3.1m before tax in the preliminary results for the year ending…
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29 September
Card Factory swings to half-year loss
Card Factory has swung to a half-year loss after Covid-19’s economic downturn affected its trading. The retailer saw a £22m…
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29 September
New restrictions see high street footfall drop 6.6%
The government’s new restrictions seemingly took its toll on the high street last week with high street footfall falling by…
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29 September
B&M raises guidance following ‘strong’ H1
B&M has welcomed “strong” revenue growth in its first-half of trading, reporting group revenue growth of 25.3% in the period…
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28 September
Arcadia Group to put Burton HQ on the market
Sir Philip Green has reportedly put Burton’s former London headquarters on the market, according to The Sunday Times. The owner…
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28 September
£3bn tariff ahead for UK retailers and consumers, warns BRC
Supermarkets and their customers could face £3bn a year of tariffs on food and drink if a free trade deal…
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28 September
John Lewis launches new virtual Christmas shop for consumers
Earlier this month John Lewis announced a £635m pre-tax loss for the half-year period ended July 2020. The department store…
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28 September
Aldi to create 4,000 jobs as sales surge
Aldi has pledged to invest £1.3bn over the next two year with new stores, distribution centres and further business innovations,…
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25 September
Thousands of ‘traditional’ retail jobs in danger, says Next boss
Next boss Simon Wolfson warned that thousands of “traditional” retail jobs are now in danger under the chancellor’s new “viability”…
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