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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Nov- 2019 -5 November
Shop Direct appoints ex-Clarks president as new CFO
Shop Direct has appointed former European president of Clarks Shoes, Ben Fletcher, as its new group chief financial officer. He…
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4 November
Sir Philip Green in talks with lenders to raise £300m before Christmas
Arcadia owner Sir Philip Green is reportedly in talks with specialist lenders about acquiring a £300m loan before Chritsmas in…
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4 November
Clintons in talks over possible CVA
Card and gift retailer Clintons could be eyeing up a potential CVA, after the retailer wrote to landlords last week…
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4 November
New flagship River Island store opens in Grosvenor Shopping Northampton
Fashion retailer River Island has opened a new flagship store in Grovesnor Shopping Northampton. The announcement comes from LGIM Real…
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4 November
Mothercare to appoint administrators, placing 2,500 jobs at risk
Mothercare has announced that it will appoint administrators, less than 18 months since it launched a CVA. The children’s company,…
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1 November
Mike Ashley’s holding company sees profits plunge 80% in 2018
Mike Ashley’s holding company, Mash Holdings, saw pre-tax profits plunge by 80% to £20.9m in 2018, according to recently filed…
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1 November
Phillip Day loses £5.7m equity following Bonmarche collapse
Phillip Day has lost his £5.7m equity investment in Bonmarche, following its collapse into administration last month. Spectre Holdings Ltd,…
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Oct- 2019 -31 October
Carpetright in talks with largest investor Meditor over potential sale
Carpetright has announced it is in talks with its largest investor Meditor over a potential sale of the business, as…
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31 October
Consumer confidence drops further in October
Gfk’s long-running Consumer Confidence Index decreased two points to -14 in October. The measure for the general economic situation of…
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31 October
Schuh pre-tax profits fall by £7m amid ‘extremely challenging year’
Schuh has reported a £7m fall in pre-tax profits to £6.1m attributed to a second consecutive year of “extremely challenging”…
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