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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Mar- 2018 -14 March
Poundworld fined £1.1m for ‘out of control’ infestation
Discount retailer Poundworld has been fined £1.1m due to its Croydon store failing food hygiene protocols, with over 100 dead…
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14 March
Adidas reports double digit growth across all ‘key’ regions
Sports retail giant Adidas has reported double-digit growth across all of its key regions over the last year, with sales…
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14 March
Morrisons reports third consecutive year of profit growth
Supermarket giant Morrisons has revealed profit growth of 16.9% to £380m, in a third consecutive year of positive financial growth.…
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14 March
UK millennials put off by ‘difficult returns’
Research by returns management company ReBOUND has found that 59% of millennial shoppers stop shopping with online retailers which have…
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13 March
Oxford street pedestrianisation edges closer amid widespread support
Plans to transform London’s Oxford Street into a pedestrian-only zone has received widespread support, according to a consultation report. Transport…
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13 March
Leading retailers support plan for sustainability and equality
Over 25 leading UK retailers, including Sainsbury’s and John Lewis, have signed up to a series of pledges to tackle…
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13 March
Consumer spending suffers weakest start since 2012
The latest Visa UK Consumer Spending Index data revealed a reduction in overall consumer spending in February, calling it the…
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13 March
Study finds independent retail and leisure outlet growth is soaring
As multiple stores like New Look, Maplin and Toys ‘R’ Us close, a study by OnBuy.com has found that this has…
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13 March
French Connection breaks the retail slump, reduces losses
French Connection has today announced that it is close to a return to profit, after annual losses fell dramatically. The…
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12 March
Farfetch poised to make £4bn IPO after hiring US banks
Online luxury retailer Farfetch has hired bankers from JP Morgan and Goldman Sachs as it readies itself to make an…
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