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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Jul- 2024 -31 July
Vinted targets $5bn valuation with latest share sale
Online marketplace for second hand goods, Vinted, has reportedly launched a share sale that could value the business at as…
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30 July
Today’s news in brief-30/7/24
Andrew Keith, CEO of Selfridges, has announced his departure to pursue new ventures, marking the end of his tenure characterised…
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30 July
What to expect at Europe’s 100% plant-based trade show
Leading plant-based manufacturers and solutions providers will form a comprehensive exhibition, covering everything from end products to packaging, ingredients and…
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30 July
A.F. Blakemore appoints new CFO
A.F. Blakemore has announced that Ian Kellett will join the company as chief financial officer from 1 August 2024. Kellett…
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30 July
Ocado to extend debt maturity by raising £600m in bonds
Ocado has extended the maturity of its debt by raising £600m in bonds which are due for repayment in 2029,…
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30 July
Shop price inflation remains unchanged in July
Shop Price annual inflation remained unchanged at 0.2% in July but economic uncertainty could lead to future rises, the British…
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30 July
Under 50% of staff confident in Asda’s strategy, survey finds
Asda is reportedly facing a crisis of confidence from its staff after only 47% said they were confident in the…
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30 July
Hoka and Ugg brands boosts Deckers Q1 sales to $825.3m
Global apparel and footwear brand Deckers has reported a 22.1% increase in net sales to $825.3m (£641.6m) for the first…
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30 July
Boohoo hires advisers amid refinancing talks
Boohoo lenders have allegedly hired advisers to discuss refinancing options to tackle its £325m debt wall and losses. According to…
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30 July
Selfridges CEO to step down after four years at company
Andrew Keith has announced he is stepping down from his role as CEO of Selfridges in the UK in order…
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