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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May- 2020 -19 May
Topps Tiles reports losses of £4m in half-year results
Topps Tiles has reported pre-tax losses of £4m for the half-year period ended 28 March, down from the profits of…
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19 May
N Brown secures new funding as sales drop 25% since lockdown
Jacamo, JD Williams and Simply Be owner N Brown has revealed it has secured a new £50m funding facility as…
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19 May
Ted Baker appoints David Wolffe as CFO
Global lifestyle brand, Ted Baker, has announced the appointment of David Wolffe as its new chief financial officer with immediate…
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19 May
Aldi trials grocery home delivery with Deliveroo
Aldi has announced it has teamed up with Deliveroo on trailing an on-demand grocery home delivery service in the UK.…
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19 May
French Connection seeks urgent funding
French Connection has revealed it is in “active discussions” with potential funding partners in order to seek emergency cash as…
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18 May
Nike warns on subdued Q4 results amid Covid-19 lockdown
Sport fashion retailer Nike has warned this its fourth quarter sales will be impacted by the Covid-19 lockdown. Since mid-March,…
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18 May
VF Corp sees FY revenues jump 2% but warns Q1 earnings may halve
VF Corporation, the owner of brands such as Vans, The North Face and Timberland, has reported a 2% increase in…
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18 May
Shoppers remain cautious amid lockdown easing, says Springboard
Footfall across bricks and mortar destinations increased by 3.3% between 11 May and 16 May, marking a “cautious” return of…
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18 May
Central England Co-op reports rise in ‘violent’ threats to staff during lockdown
Central England Co-op has reported a rise in “violent” offences being carried out against its staff amid the Covid-19 pandemic.…
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15 May
Consumer spending slumped over 30% in April
Consumer spending contracted by 36.5% year-on-year in April, according to new data from Barclaycard. The research revealed that spending on…
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