Coronavirus

Theo Paphitis slams gov’s ‘disappointing’ attitude towards retail 

Theo Paphitis has called out the government’s “disappointing” attitude towards the industry’s importance, Retail Week has reported. It comes as Paphitis’…

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Matalan rescue deal to wipe founder’s control of group

Matalan founder John Hargreaves is reportedly set to lose control of the group after its lenders finalised a rescue deal…

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Retail accounts for 10% of UK administrations in 2022, study finds

The retail sector accounted for 10% of administrations in the first six months of the year – the third highest…

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Retail sales fall in June despite Platinum Jubilee celebrations

Retail sales dropped by 0.1% in June 2022 following a fall of 0.8% in May 2022 despite the Queen’s Platinum…

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AI-powered self-service is the future of physical retail

At the start of the Covid-19 pandemic, retail was among the most impacted industries: over 17,500 chain stores closed in…

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Retail sales rise by 1.4% in April

Retail sales volumes rose by 1.4% in April 2022 following a fall of 1.2% in March 2022, with sales volumes…

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Next faces investor backlash over CEO bonus

Next plc is facing a potential backlash from the Institutional Voting Information Service (IVIS) as the retailer’s chief executive, Simon…

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UK economy shrinks in March

The UK economy shrunk by 0.1% in March as consumers started to feel the bite of rising energy prices and…

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Retail M&A deal value doubles in Q1 2022

The first quarter of 2022 saw 18 deals completed across the retail sector, the second-highest quarterly level since the start…

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UK economic growth slows in February to 0.1%

Gross domestic product (GDP) slowed in the UK as the economy only saw 0.1% growth in February, down from a…

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