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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Feb- 2023 -10 February
UK narrowly avoids recession as economy flatlines in Q4
The UK economy narrowly avoided recession as the latest figures from the Office for National Statistics (ONS) shows there was…
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10 February
Iceland refinancing prospects strengthen amid improved guidance
Iceland has reported a “better than expected” guidance, and as a result, the retailer believes its prospects for a £750m…
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10 February
New Look closes more UK stores
New Look has confirmed that several stores across the UK have been closed by the retailer, which noted the closures…
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10 February
Adidas lowers guidance amid Kanye West split
Adidas has announced that it expects its revenues to drop at least €1.2bn (£1.1bn) as a result of its split…
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10 February
Watches of Switzerland falls short of expectations amid Christmas strikes
Watches of Switzerland has reported that its revenues increased 17% to £407m in the 13 weeks to January 29 this…
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9 February
Boux Avenue and Ryman face ‘uncertainty’ over refinancing
Theo Paphitis Retail Group, the parent company of Boux Avenue, Ryman and Robert Dyas, has warned that some of its…
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9 February
Seasalt partners with Reskinned for new takeback and resale scheme
Seasalt has announced it has partnered with Reskinned, to launch a new takeback and resale scheme. As part of the…
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9 February
Under Armour unveils ambitious UK expansion plans
Under Armour will open three new brand-owned stores in key cities throughout the UK over the next couple of months,…
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9 February
VF Corp Q3 revenues down as Vans underperforms
Vans owner VF Corporation has announced a 3% drop in revenue driven by a 13% fall in sales from the…
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9 February
Very CFO appointed chief finance and transformation officer
Digital retailer Very has announced the appointment of its CFO Ben Fletcher to the newly-created role of chief finance and…
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