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 -5 January
BRC says national lockdown will be severe on businesses
The British Retail Consortium (BRC) has released a response to the latest lockdown restrictions imposed by the government stating the…
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5 January
Edinburgh Woollen Mill owes creditors over £190m
Philip Day’s Edinburgh Woollen Mill (EWM) owes a reported £192m to its unsecured creditors, according to Drapers. A report from…
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5 January
Aldi sales reach ‘record’ high over Christmas
Aldi has reported “record high” Christmas sales for over the Christmas period due to a spike in demand for premium…
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4 January
Primark warns of additional £220m sales loss due to Tier 4 closures
Primark has warned that it now expects to incur an additional loss of £220m in sales due to more areas…
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4 January
Aldi pledges £3.5bn towards UK suppliers
Aldi has outlined plans to increase its spending on UK-made food and drink by £3.5bn by 2025, as part of…
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4 January
Arcadia to offload flagship Topshop store
Arcadia Group has announced that Eastdil and Savills have been hired to oversee the sale of retail chain Topshop’s flagship…
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4 January
Mayfair Equity acquires Seraphine in £50m deal
Seraphine has been acquired in a management buy-out fronted by technology investor, Mayfair Equity Partners. The luxury maternity brand was…
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Dec- 2020 -24 December
Boxing Day sales set to plummet for third year in a row
Retailers must prepare to be “hard hit” during this year’s Boxing Day sales period, with spending expected to be down…
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24 December
Ann Summers CVA approved by creditors
Ann Summers has announced that its CVA has been approved by 90% of its creditors, which will see 25 of…
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24 December
Clarks shareholders approve £100m LionRock Capital rescue deal
Clarks has announced that its shareholders have approved a financial rescue deal from a Hong Kong-based private equity company. LionRock…
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