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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May- 2020 -12 May
Morrisons sales rise in ‘volatile’ quarter
Morrisons has revealed that trading in the first quarter of 2020 was “volatile” in light of the ongoing pandemic, despite…
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11 May
Mike Ashley and Peter Cowgill in race to acquire Office
Sports Direct owner Mike Ashley and JD Sports owner Peter Cowgill have both been revealed as bidders for footwear retailer…
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11 May
Retail industry responds to PM’s conditional plan to ease lockdown
The retail industry has reacted to the prime minister’s announcement last night that outlined a ‘conditional’ to ease lockdown with…
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11 May
Trouble ahead for retail vacancy rates, warns BRC
The British Retail Consortium (BRC) and Local Data Company has said the new BRC-LDC Vacancy Monitor has revealed that the…
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11 May
Retail footfall plummets 80%
Footfall across the UK plummeted 80.1% during the month of April, in light of the nation obeying government-induced lockdown measures.…
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7 May
White Stuff to cut jobs as it prepares for post-lockdown retail
Fashion retailer White Stuff is reportedly set to cut both sales and head office jobs as it prepares for like…
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7 May
Debenhams cuts over 1,000 jobs as five stores shutter permanently
Embattled department store chain Debenhams has revealed that five of its stores housed in Intu shopping centres will not reopen…
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7 May
Zalando anticipates FY sales growth of 10% to 20%
Online fashion retailer Zalando has revealed it is expecting an increase in its full year gross merchandise (GMV) volume by…
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7 May
Superdry sales slide as stores are shuttered
Superdry has announced that its fourth quarter performance was “substantially impacted” by the outbreak of Covid-19, with year-on-year revenue tumbling…
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6 May
Business rates revaluation postponed until 2022
A revaluation of business rates will no longer take place in 2021 in line with the government’s latest efforts to…
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