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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Sep- 2020 -7 September
60% of mid-sized businesses plan redundancies, BDO finds
More than half (60%) of the UK’s medium-sized businesses are planning redundancies as a result of the Government’s Coronavirus Job…
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7 September
Frasers Group slams Debenhams gagging order
Mike Ashley’s Frasers Group has accused senior Debenhams’ advisors of stopping the department store being financially saved due to a…
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7 September
GDP to contract £15.3bn each year if home working persists
Lower consumer spending and a decrease in economic clustering if pandemic levels of home working persist would reduce UK GDP…
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7 September
Eve Sleep reports summer sales boost
E-commerce mattress brand Eve Sleep saw strong trading between May and July, and now expects revenues of at least £22m…
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7 September
Asda future could be decided this week as takeover deadline looms
The future of ‘Big Four’ grocer Asda could be decided as early as this week, as rival private equity firms…
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7 September
Primark trading ‘stronger than expected’ post-lockdown
Associated British Foods (ABF) has announced that Primark’s trading in the fourth quarter has “exceeded expectations” ahead of its full-year…
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4 September
H. Samuel owner swings to loss in Q2
The parent company of H.Samuel and Ernest Jones, Signet Jewellers, swung to a loss of $81.7m (£62m) in its second…
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4 September
Topps Tiles names Stephen Hopson as CFO
Topps Tiles has announced the appointment of Stephen Hopson as its new CFO, effective from 2 November. Hopson joins the…
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4 September
Jigsaw creditors approve CVA
Fashion chain Jigsaw has confirmed its proposed CVA approved by its creditors which will see 13 of its stores close…
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4 September
Co-op creates 1,000 jobs in new stores launch
Co-op is set to create 1,000 local jobs as part of a major store investment programme. The supermarket chain will…
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