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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Aug- 2020 -21 August
TK Maxx owner suffers £161m Q2 loss
TJX Companies, the owner of fashion retailer TK Maxx, has reported a net loss of $214m (£161m) for the second…
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21 August
Ex-Asda and Debenhams chiefs in rival £6.5bn bids for Asda
Retail bosses Paul Mason and Rob Templeman are reportedly set to launch rival £6.5bn bids for supermarket giant Asda. According…
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21 August
Retail sales volumes recover slightly in July
Retail sales volumes increased by 3.6% in July when compared with June, according to new data from the ONS. The…
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21 August
Estée Lauder to axe up to 2,000 jobs
Estée Lauder has announced that it will axe between 1,500 and 2,000 positions across its global business in a bid…
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20 August
The Rolling Stones to open flagship Carnaby Street store
The Rolling Stones have announced they will officially open their first flagship store in London next month. The RS No.…
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20 August
Frasers Group profits slump in full-year results
Frasers Group has reported a 19.9% decrease in pre-tax profits to £143.5m in its preliminary results for the year ended…
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20 August
Amazon and Morrisons launch delivery service
Amazon and Morrisons have stepped up their partnership with the online retailer now offering a full product service from the…
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20 August
Mothercare unveils new business model
Mothercare has announced the launch of a “more sustainable and less capital-intensive” business model going forward. The new model comes…
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19 August
Pizza Express to close 73 sites, 1,100 jobs at risk
Pizza Express has formally launched a CVA in a bid to reduce its restaurant estate and rental cost base following…
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19 August
Fraser Group exec buys shares ‘in error’ during closed period
Fraser Group non-executive director David Daly “accidentally” purchased shares on Monday (17 August) during a closed period. In an announcement…
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