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 -15 May
Poundland to reopen 36 stores across the UK
Discount chain Poundland has revealed it is set to open 36 stores across the UK next week as it begins…
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15 May
Boohoo secures £200m through share placing
Boohoo confirmed it has successfully raised almost £200m in funding following the placing of 58 million shares. The online retailer…
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15 May
Sainsbury’s expands Chop Chop delivery service to outside of London
Sainsbury’s has announced the expansion of its Chop Chop bicycle delivery service to 20 cities in the UK, as it…
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14 May
Online retail sales soar to 10-year high amid Covid-19 crisis
Online sales growth surged to a 10-year high in April, up 23.8% year-on-year, amid the ongoing Covid-19 pandemic. That’s according…
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14 May
Watches of Switzerland reports 5.9% increase in revenues in Q1 results
Watches of Switzerland has reported a 5.9% increase in group revenues to £819.3m in the year to 26 April, ahead…
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14 May
Tesco Boss Dave Lewis handed £6.42m pay package
Tesco chief executive Dave Lewis has been given a £6.42m pay package, including £4.8m in bonuses. Lewis, who is set…
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14 May
WH Smith sales plunge 85% amid lockdown
WH Smith has revealed that group total revenue plunged 85% in April in light of the ongoing pandemic. Following the…
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13 May
SCP acquires TM Lewin from Bain Capital
Private equity firm SCP has acquired Men’s retailer TM Lewin from Bain Capital for an undisclosed sum. TM Lewin currently…
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13 May
UK economy shrinks by 2% as pandemic takes its toll
The UK’s economy shrank by 2% in the three months to 31 March 2020, as a result of the Covid-19…
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13 May
Sharpest decline on record as sales fall amid lockdown
Total retail sales tumbled by 19.1% in the four weeks ended 2 May, according to the latest BRC-KPMG Retail Sales…
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