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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Jun- 2020 -23 June
UK retail transactions grew by 60% last week, Barclaycard finds
By last week an additional 60% of Barclaycard’s customers had returned to trading and taking payments compared to the first…
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23 June
Shoe Zone to make redundancies as 20 shops close
Footwear retailer Shoe Zone has revealed that 20 of its stores will not open post-lockdown, resulting in a number of…
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23 June
Intu braces for administration
Intu has placed administrators on standby as a “contingency plan” in the event that discussions with lenders fail. Reports that…
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22 June
JD Sports in talks to appoint administrators for Go Outdoors
Sports fashion retailer JD Sports is reportedly lined up to bring in administrators for its Go Outdoors business. In a…
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22 June
Chancellor mulls VAT cut and could follow up with autumn tax rises
Chancellor Rishi Sunak is reportedly considering cutting VAT in order to help stimulate the economy but could follow the move up with…
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22 June
Hotter Shoes to launch CVA amid restructuring plans
Shoe retailer Hotter Shoes has revealed it intends to enter into a company voluntary arrangement (CVA) over the coming days…
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22 June
Bira welcomes extension of government protection scheme
Bira has “welcomed” the Government’s decision to extend protection for businesses from aggressive debt collection until September. The extended measures…
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22 June
John Lewis announce nine further store reopenings
John Lewis has announced plans to reopen nine more stores on Thursday (25 June), following the “successful reopening” of an…
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22 June
Mothercare seeks new lenders amid franchising plans
Mothercare has confirmed it remains “on track” to become a “profitable” international franchise operation, with plans to operate in around…
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19 June
UK consumer confidence rises in June
GfK’s long-running Consumer Confidence Index increased by six points to -30 in June. The measure for the general economic situation…
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