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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Dec- 2024 -19 December
BoE holds interest rates at 4.75%
The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation…
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19 December
Frasers Group given green light for new Warwickshire HQ
Frasers Group has reportedly been given planning permission to build new headquarters on green belt land in Warwickshire, according to…
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19 December
Birkenstock FY revenues rise 21% to €1.8bn
Birkenstock has reported that revenues rose by 21% to €1.8bn (£1.48bn) for the year to 30 September, slightly ahead of…
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19 December
Burberry appoints Moncler exec as new board member
Burberry Group has announced the appointment of Stella King to the board as an independent non-executive director and member of…
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19 December
Amazon to settle delivery driver dispute worth potential £140m
Amazon is reportedly preparing to settle a group claim from delivery drivers who claimed the retail giant deprived them of…
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18 December
Aldi to invest £650m in expansion plans in 2025
Aldi is set to invest around £650m across the UK in 2025 as part of the group’s ongoing expansion plans. …
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18 December
Shoe Zone halves profit guidance and warns of store closures
Shoe Zone has halved its profit expectations for the year to 27 September 2025, downgrading it to “no less than”…
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18 December
Frasers CEO nominated for Hugo Boss board position
Hugo Boss has confirmed that Frasers CEO Michael Murray has been nominated for election to its supervisory board. Murray has…
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18 December
Inflation hits eight-month high of 2.6% in November
Inflation has risen for the second month in a row, rising to 2.6% in November, up from 2.3% the previous…
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17 December
Today’s news in brief-17/12/24
Shein’s potential London IPO may challenge regulatory norms as the company reportedly seeks a waiver from the UK’s 10% public…
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