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- 2021 -12 February
UK suffers record 9.9% GDP slump
GDP declined by 9.9% in 2020, a figure which is more than double of what was recorded in 2009 after…
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12 February
Issa brothers junk bond sale raises £2.75bn
The Issa brothers, Asda’s billionaire buyers, have raised a record-breaking £2.75bn through a sterling junk bond, as investors continue to…
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12 February
Vacant units in City of London almost double amid pandemic
The number of vacant units in the City of London increased by 47% from 174 at the end of 2019…
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12 February
Amazon investors call for end to anti-union interference
A group of more than 70 Amazon investors are calling on the company to end interference against efforts by its…
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11 February
M&S launches sustainable denim range
Marks and Spencers has started replacing its denim items with more sustainable dyes as part of an environmental initiative. Around…
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11 February
Westfield owner to ‘significantly reduce’ exposure in US
Unibail-Rodamco-Westfield (URW) has revealed it will “significantly reduce” its financial exposure to the US and instead focus on its UK…
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11 February
Ted Baker Q4 sales fall 47% amid low occasionwear demand
Clothing retailer Ted Baker reported that Q4 group revenues fell by 47% during the 13-week period ending 30 January 2021.…
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11 February
Two-fifths of retailers expect Valentine’s sales boost
Two-fifths of retailers (41%) expect to see a boost in sales in the run up to Valentine’s Day. According to…
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11 February
Sainsbury’s pledges to match Aldi on 100s of prices
Sainsbury’s has pledged to match discount supermarket Aldi on hundreds of branded and own-brand products, in what the group describes…
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11 February
Co-op launches major apprenticeship initiative to improve diversity
Co-op is calling on employers across the UK to help create a £15m fund that will support the creation of…
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