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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Dec- 2019 -12 December
Superdry profits slump in half-year results
Superdry saw underlying profits tumble to £200,000 in the six months to 26 October 2019, down from £12.9m recorded during…
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11 December
Co-op to open 30 new stores in lead up to Christmas
The Co-op has announced plans to open 30 new stores in the run-up to Christmas. An investment of more than…
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11 December
Naked Wines completes £95m Majestic Wine disposal
Naked Wines has confirmed it has completed the £95m sale of Majestic Wines to the US-based Fortress Investment Group. The…
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11 December
Debenhams appoints John Walden and Kevin Conroy as non-executive directors
Department store Debenhams has appointed John Walden and Kevin Conroy as non-executive directors of Celine Jersey Topco, the parent company…
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11 December
Inditex reveals boost to net sales and profit
The parent company of Zara, Inditex, has posted “strong” trading results for the first nine months of the year. Following…
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10 December
Mothercare losses widen amid declining sales
Embattled retailer Mothercare has reported statutory losses before tax of £21.2m in its half-year trading update, amid declining worldwide sales.…
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10 December
Ted Baker bosses depart as it warns of profits drop
Ted Baker has confirmed its CEO Lyndsay Page has resigned and chairman David Bernstein is to step down from their…
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10 December
Watches of Switzerland reports 112% increase in profit before tax
Watches of Switzerland has reported a 112% increase in adjusted profit before tax since May 2019. The high-end retailer revealed…
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10 December
McColl’s earnings to fall short of expectations
Convenience retailer McColl’s has revealed that earnings are set to fall short of expectations amid “unseasonable weather and lower consumer…
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9 December
Ted Baker appoints Deloitte to probe £25m stock overstatement
Ted Baker has appointed ‘Big Four accountancy firm’ Deloitte to probe into its accounting blunder that revealed it had overstated…
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