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- 2025 -24 March
Ocado scales back diversity targets amid DEI crackdown
Ocado has scaled back its diversity targets following a wider rollback of diversity initiatives in the corporate world, The Telegraph…
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24 March
Asda announces price cuts of up to 45% on 1500 products
Asda has announced it is cutting prices on 1,500 “family favourite” products by up to 45% both in store and…
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21 March
Today’s news in brief-21/3/25
In The Style has been rescued from administration through a pre-pack sale to Alps Sourcing Limited, saving 87 jobs. The…
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21 March
London’s store closures return to pre-pandemic levels for first time
Five stores closed each day in Greater London in 2024, with four new stores opening, according to the latest data…
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21 March
Westfield London to launch new health and wellness zone
Unibail-Rodamco-Westfield (URW) has announced the launch of a health and wellness zone at The Village at Westfield London, featuring a…
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21 March
Asos ups profit outlook amid strong margin gains
Asos has raised its profit outlook for the first half of the year despite its ongoing struggles with volume deleverage.…
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21 March
Nike revenues drop 9% to $11.3bn in Q3
Nike has reported a 9% revenues drop to $11.3bn (£9.1bn) during the third quarter ended 28 February. Brand revenues were…
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21 March
In The Style rescued from administration with Alps Sourcing deal
Online fashion retailer In The Style has been sold out of administration to Alps Sourcing Limited, saving 87 jobs in…
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20 March
Today’s news in brief-20/3/25
The UK retail sector has faced significant challenges over the past five years, with a quarter of a million jobs…
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20 March
BoE holds interest rates at 4.5%
The Bank of England (BoE) has voted to hold interest rates at 4.5%, having cut the rate last month to…
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