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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Dec- 2022 -15 December
Bank of England raises interest rates by 0.5% to 3.5%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…
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15 December
Currys falls to pre-tax loss of £17m in H1
Currys has fallen to a pre-tax loss of £17m for the half year ended 29 October 2022, down from profits…
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15 December
Asos appoints new non-executive director
Online retailer Asos has announced the appointment of Wei Gao as a non-executive director. Gao was previously COO at Hopin…
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15 December
H&M full-year sales up 12% to £17.7bn
H&M has announced its provisional sales increased by 12% to £17.7bn, for the full-year period from 1 December 2021 to…
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15 December
M&S appoints former Boohoo Group MD as head of menswear
Marks and Spencer has appointed the former managing director of Boohoo Group, Mitch Hughes, as director of menswear, Drapers has…
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14 December
Inflation falls to 10.7%
UK Inflation fell to 10.7% in November, down from 11.1% in October, but still remains close to a 40-year high…
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14 December
Watches of Switzerland sees H1 results surge 31% to £765m
Watches of Switzerland has revealed its revenues increased 31% to £765m during the first half of the year ended 30…
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14 December
Shein considers becoming online marketplace
Shein is reportedly considering becoming an online marketplace platform, in a move that would enable third-party merchants to sell directly…
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14 December
Footfall rises marginally as cold snap impacts performance
Footfall across UK retail destinations rose marginally last week (Dec 5-12) by +0.3% from the week before, with a varied…
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14 December
Zara owner sales rise 19% in Q3
Inditex, the parent company of Pull and Bear, Zara and Bershka, saw its sales reach €23.1bn (£19.8bn) in the third…
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