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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Apr- 2020 -21 April
Cath Kidston bought out of administration by owner
Global lifestyle brand Cath Kidston has been bought out of administration by its parent company Baring Private Equity Asia (BPEA)…
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21 April
11.7 million people at risk of furlough or unemployment over coming months
Almost 11.7 million people could be furloughed or unemployed in the coming months, according to new research from independent think-tank…
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21 April
Clothing and footwear market forecast to decline by £14bn
The UK clothing and footwear is anticipated to plummet in 2020, falling 26.1% versus 2019, a loss of around £14bn…
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21 April
Joules adds £15m to existing debt facility
British lifestyle brand Joules has announced it has successfully agreed to add £15m to an existing credit facility with Barclays…
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21 April
Covid-19: Primark to suffer £284m stock hit
Associated British Foods (ABF) has revealed that Primark will take a £284m hit in stock following store closures amid the…
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20 April
UK retail footfall plummets in March
UK retail footfall decreased by 44.7% in March due to the mandatory lockdown, according to the latest BRC-ShopperTrak footfall monitor.…
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20 April
Debenhams closes seven stores amid further landlord talks
Debenhams has announced the permanent closure of seven of its stores resulting in the loss of 422 jobs and has…
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20 April
Coronavirus Job Retention Scheme portal goes live
The portal for the Coronavirus Job Retention Scheme is now live, with the government saying that businesses with validated claims…
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20 April
DFS remains ‘confident’ as it plans equity raise
DFS has confirmed that it is in the advanced stages of negotiating an additional debt facility amid the ongoing coronavirus…
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20 April
Patrick Guido steps down as Lululemon CFO
Lululemon has announced that its CFO, Patrick Guido, will be stepping down to assume a position outside of the apparel…
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