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 -14 April
Matalan owner reportedly seeking £60m amid store closures
The owner of Matalan, John Hargreaves, is reportedly seeking a cash injection of £60m to support the fashion retailer through…
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14 April
Covid-19: Amazon seeks 75,000 new hires
Amazon announced that it is looking to hire an additional 75,000 employees across its operations in light of the ongoing…
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14 April
Next reopens online operations amid Covid-19 crisis
Next has announced the reopening of its website after a two-week shut down amid the coronavirus pandemic. The company made…
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9 April
Debenhams enters administration
Embattled department store chain Debenhams has officially entered administration, and has appointed Geoff Rowley and Alastair Massey of FRP Advisory…
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9 April
AAB calls on government to enhance support for businesses
Accountancy firm Anderson Anderson and Brown (AAB) has called on the UK Government to implement a series of “wide-reaching” measures…
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9 April
Tesco defends £635m dividend payout
‘Big Four’ grocer Tesco has defended its £635m dividend payout to shareholders, despite it receiving a £585m tax break. Last…
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9 April
H&M signs new £859m credit facility to strengthen liquidity amid Covid-19
Swedish clothing retailer H&M has revealed it has signed a new €980m (£859m) revolving credit facility as it looks to…
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9 April
Arcadia seeks £50m in funding
Sir Phillip Green is reportedly seeking out £50m to prop up Arcadia Group amid the ongoing coronavirus crisis. According to…
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9 April
Naked Wines forecasts £200m rise in sales amid coronavirus pandemic
Wine specialist Naked Wines has reported “good momentum” in its performance as it forecasts a £200m rise in its full-year…
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8 April
Covid-19: Morrisons partners with Deliveroo
Morrisons has announced it is partnering with Deliveroo to enable customers to order essential household items from Morrisons stores for…
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