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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Nov- 2023 -14 November
Sainsbury’s, M&S and Currys call for business rates freeze
Supermarket retailers such as Sainsbury’s, M&S and Currys have urged the chancellor to freeze business rates for all retail businesses…
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14 November
Avon to open its first UK physical stores
Avon has announced that it is set to open physical stores in the UK for the first time in its…
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14 November
Next defends chair following shareholder rebellion
Next has defended its chair, Michael Roney, after more than 20% of shareholders voted against his re-election at the company’s…
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14 November
Hammerson considers sale of Bicester Village-owner stake
Britain’s biggest shopping centre owner, Hammerson, is in talks to sell its stake in Bicester Village-owner for about £1bn, Sky…
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14 November
Revolution Beauty raises FY23 guidance as profits rise
Revolution Beauty has raised its profit guidance for the financial year as it has revealed a pre-tax profit of £400k,…
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13 November
Today’s news in brief-13/11/23
Retail theft is projected to cost UK retailers £7.9bn in 2023, with a notable increase in employee theft. Thruvision Group…
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13 November
Tommy Hilfiger and Calvin Klein open at Caledonia Park
Tommy Hilfiger and Calvin Klein have opened at Caledonia Park, Scotland’s premium designer outlet village. Tommy Hilfiger has opened a…
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13 November
Richemont appoints Karlheinz Baumann to senior executive committee
Richemont has appointed Karlheinz Baumann to the group’s Senior Executive Committee (SEC) in his capacity as group director of Operations,…
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13 November
Ikea owner snaps up Brighton shopping centre
Ikea’s owner Ingka Group has reportedly acquired Brighton’s Churchill Square Shopping Centre, According to The Guardian. The £145m deal will…
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13 November
Two-thirds of retailers warn peak trading will be hit ahead of Christmas
Two-thirds of retailers say the ‘double whammy’ of spiralling interest rates and inflation will hit peak trading in the run-up…
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