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 -21 September
Aldo UK sold to BIG
Aldo UK confirmed it has been sold to the Bushnell Investment Group (BIG). Administrators from accountancy firm RSM were appointed…
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21 September
Superdry swings to £42m loss in full-year results
Superdry announced it has swung to a pre-tax loss of £41.8m in the full-year ended 25 April, 2020, with underlying…
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18 September
Westfield owner announces £8.1bn ‘reset’ plan
Westfield owner Unibail-Rodamco Westfield (URW) has announced an €9bn (£8.1bn) ‘reset’ plan which will see it attempt to raise £3.2bn…
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18 September
Mayor of London urges government to extend business rates holiday
The mayor of London, Sadiq Khan, and London Councils have joined together to urge the Government to extend the business…
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18 September
LVMH set to block Tiffany’s court petition
LVMH has announced it plans to block a court petition launched by jewellery company Tiffany & Co, who is attempting…
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18 September
UK retail sales rise for fourth consecutive month
August saw retail sales volumes increase by 0.8% when compared with July, marking the fourth consecutive month of growth. According…
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17 September
John Lewis scraps staff bonus amid £635m pre-tax loss
Department store chain John Lewis Partnership has slashed its staff bonus for the first time since 1953, aftering reporting a…
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17 September
Co-op H1 sales surge 8.8% but profits dented by Covid costs
Grocery chain Co-op saw has revealed that like-for-like sales for the six months of the year increased by 8.8% as…
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17 September
Government extends commercial eviction ban until end of year
The government has decided to extend its commercial property eviction ban until the end of 2020. Businesses have been shielded…
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17 September
Next raises forecast amid ‘resilient’ performance
Next has announced that full price sales were down by 33% in the first half of the year, following the…
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