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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Mar- 2020 -11 March
Ex-Sainsbury’s boss warns of labour shortages amid coronavirus outbreak
Former Sainsbury’s chief executive and current non-executive director at Marks and Spencers, Justin King, has warned that supermarkets need to…
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11 March
Bank of England cuts interest rates to help combat coronavirus impact
The Bank of England has cut UK interest rates back down to the lowest level in history to help mitigate…
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11 March
B&M completes £11m disposal of German business
B&M European Value Retail has announced the completion of its German business disposal following a strategic review of the business.…
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10 March
Calls for ‘discretionary business rates relief’ amid Coronavirus outbreak
Colliers International has called on the UK Government to consider and to fund a system of “discretionary rate relief” for…
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10 March
Stella McCartney reports £11m loss
Fashion retailer Stella McCartney has reported an £11m loss in pre-tax profit for its full-year results, attributed to flat sales…
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10 March
French Connection posts £3m loss as it warns of continued tough trading
French Connection has revealed it has swung to a £2.9m loss for the full-year period ending 31 January 2020 and…
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10 March
DFS sales slide amid ‘challenging’ conditions
DFS has announced that its group revenue fell by 5.7% to £488m in the half-year period ended 29 December 2019.…
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9 March
18,000 retail jobs lost in last two months
Almost 18,248 retail jobs have been lost in the past two months, with 1,211 shops also shuttered since the turn…
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9 March
Reiss sales rise 21.9% in full-year results
Fashion retailer Reiss has reported a 21.9% increase in sales to £227.4m in 2019, compared with £186.5m in 2018. For…
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9 March
Tesco to sell Thai and Malaysian divisions in £8bn deal
UK supermarket giant Tesco has agreed a deal to sell its Asian operations in Thailand and Malaysia in a £8bn…
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