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 -6 January
Coty acquires interest in KKW beauty
Coty has announced the completed acquisition of a 20% ownership interest in Kim Kardashian West’s beauty business for $200m (£146m).…
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6 January
Travis Perkins appoints new chair
Travis Perkins, the home improvement retailer, has announced the appointment of Jasmine Whitbread as its new chair. Whitbread is set…
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6 January
M&S close to Jaeger deal
Marks and Spencers is reportedly close to signing a deal to purchase Jaeger from Philip Day’s Edinburgh Woollen Mill group…
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5 January
1,500 jobs at risk as Paperchase calls in administrators
Paperchase, the UK-based stationary store chain, has reportedly called in administrators due to a lack of sales caused by Covid-19. …
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5 January
Chancellor unveils £4.6bn in new lockdown grants
Businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000, the chancellor…
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5 January
Next reports better than expected Christmas sales
Fashion retailer Next has revealed its sales in the nine weeks to 26 December were down 1.1% on last year,…
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5 January
Morrisons welcomes ‘strong’ festive trading
Morrisons has welcomed “strong” sales over the Christmas and New Year period, with group like-for-like sales rising to 9.3% over…
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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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