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 -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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24 December
Chinese market regulators investigate Alibaba ‘monopolistic’ claims
China’s State Administration for Market Regulation (CSAMR) has announced that Alibaba is being investigated by regulators over claims of “monopolistic…
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23 December
N Brown secures £100m equity raising
N Brown has announced it has completed its £100m equity raising and moved from the London Stock Exchange (LSE) over…
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23 December
Labour calls for high street Fightback Fund
Labour has urged the government to “stand up for businesses” through a Hospitality and High Streets Fightback Fund, aimed at…
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