Retail News

Poundland to expands £1 range in response to inflation

Poundland has confirmed its intentions to reset 850-plus stores and expand the products it sells for £1 in response to…

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Fenwick losses widen to £112m

Department store chain, Fenwick, has revealed its losses have widened to £112m for the 52-week period ending 29 January 2021.…

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Asda paid Walmart £1.1bn dividend before sale, accounts reveal

Asda paid an intercompany cash dividend of £1.15bn to former parent company Walmart in March this year, despite profits being…

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The Very Group names former BBC tech director as CIO

Online retailer The Very Group has named Matt Grest as chief information officer (CIO), with his role set to come…

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M&S to keep stores open until midnight

Marks and Spencers has announced it is keeping its stores open until midnight over the Christmas period to ensure shoppers…

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Bank of England unveils £150bn covid support package

The Bank of England (BoE) has unveiled it will give the UK economy a further £150bn in crisis support and…

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Covid-19 could shutter 18,000 stores permanently, report shows

18,000 more retail stores face permanent closure in 2020 as Covid-19 restrictions continue to damage the UK highstreet.  According to…

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UK Flooring Direct continues ‘rapid’ expansion

UK Flooring Direct has opened a new warehouse and offices following the continued positive performance of the business throughout lockdown. …

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Clarks pension trustees call in advisers

Pension trustees at shoe retailer Clarks have reportedly drafted in advisors as they seek to secure additional finance for the…

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Government launches new ‘bounce back’ plan for retailers

A new series of measures has been announced by the UK Government to support businesses in the consumer and retail…

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