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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Apr- 2020 -7 April
Waitrose reverses decision on controversial ‘time bank’ scheme
Waitrose has made a u-turn on its controversial ‘time bank’ scheme which expected employees self-isolating without symptoms and unable to…
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7 April
Clarks confirms ‘small number’ of permanent closures
Footwear retailer Clarks has confirmed it is to close a “small number of stores’ following a review of its store…
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7 April
Tesco to launch NHS Nightingale pop-up stores
‘Big 4’ grocer Tesco has announced plans to open pop-up convenience stores at NHS Nightingale sites across the UK, amid…
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7 April
WH Smith raises £166m through share placing
WH Smith has raised £166m through a share placing in efforts to shore up its finances amid the ongoing coronavirus…
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6 April
Debenhams appoints FRP as administrator
Debenhams has announced its intent to appoint an administrator in order to “protect” the business from creditors during the coronavirus…
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6 April
Consumer confidences slumps to lowest level since records began
Gfk’s long-running Consumer Confidence Index has decreased drastically by 25 points between the first two and last two weeks of…
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6 April
Temporary store closures due to coronavirus lead to 14% drop in retail jobs
The UK job market has been hit hard by the coronavirus outbreak, with retail jobs dropping by 14% in March,…
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6 April
WH Smith to raise equity amid ongoing pandemic
WH Smith has announced its plans to issue equity in order to secure a £120m lending facility amid the ongoing…
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6 April
Aldi Ireland appoints Niall O’Connor as group managing director
Aldi Ireland has announced the appointment of Niall O’Connor as its new group managing director (GMD). O’Connor will be responsible…
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3 April
Debenhams readying to appoint administrators amid Covid-19
Department store chain Debenhams is reportedly set to enter administration for the second time in a year in order to…
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