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 -8 February
Kurt Geiger reports pre-pandemic growth
Luxury footwear and accessories retailer Kurt Geiger has reported pre-pandemic growth to both its revenues and profits. Accounts filed at…
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8 February
Retail sales fall 10% in January
Total like-for-like retail sales declined by 10% in January as both the national lockdown and impact of Covid-19 affected shops…
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8 February
Boohoo snaps up remaining Arcadia brands
Boohoo has confirmed that it has acquired the remaining brands from fallen retail empire Arcadia, in a move that will…
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8 February
Amazon’s tax to turnover ratio dropped to 0.37% in 2020
Amazon saw its tax to turnover ratio fall to 0.37% last year, despite sales rising by more than 51% in…
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8 February
Sunak mulls ‘Amazon Tax’ to help with UK debts
Chancellor Rishi Sunak is allegedly considering a double tax raid on online retailers such as Amazon who profited during the…
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5 February
ManoMano doubles sales volume to over £1bn
ManoMano, an online DIY marketplace, saw its global business volume climb to £1.05bn last year, with its UK sales tripling…
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5 February
Amazon launches 1,000 apprenticeships across UK
Amazon has announced it is set to create 1,000 apprenticeship roles in the UK this year, as it continues to…
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5 February
Bank of England holds rates, predicts strong vaccine rebound
The Bank of England (BoE) has predicted an economic rebound in the spring led by a successful vaccine rollout, after…
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5 February
French Connection enters takeover talks
Fashion retailer French Connection has revealed it is in takeover talks with two possible suitors. In a letter from the…
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5 February
Ralph Lauren sees Q3 revenues drop 18%
Ralph Lauren has announced that in its third quarter ended 26 December 2020, revenues decreased by 18% to $1.4bn (£1.02bn)…
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