Retail News

Asda paid Walmart £1.1bn dividend before sale, accounts reveal

Asda paid an intercompany cash dividend of £1.15bn to former parent company Walmart in March this year, despite profits being…

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The Very Group names former BBC tech director as CIO

Online retailer The Very Group has named Matt Grest as chief information officer (CIO), with his role set to come…

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M&S to keep stores open until midnight

Marks and Spencers has announced it is keeping its stores open until midnight over the Christmas period to ensure shoppers…

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Bank of England unveils £150bn covid support package

The Bank of England (BoE) has unveiled it will give the UK economy a further £150bn in crisis support and…

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Covid-19 could shutter 18,000 stores permanently, report shows

18,000 more retail stores face permanent closure in 2020 as Covid-19 restrictions continue to damage the UK highstreet.  According to…

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UK Flooring Direct continues ‘rapid’ expansion

UK Flooring Direct has opened a new warehouse and offices following the continued positive performance of the business throughout lockdown. …

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Clarks pension trustees call in advisers

Pension trustees at shoe retailer Clarks have reportedly drafted in advisors as they seek to secure additional finance for the…

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Government launches new ‘bounce back’ plan for retailers

A new series of measures has been announced by the UK Government to support businesses in the consumer and retail…

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Majority of UK consumers change their shopping habits during lockdown

A study by online market vendor Capterra has revealed how consumers’ shopping habits have changed since the start of Covid-19. …

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22,000 retail jobs lost in 2019 due to administrations

Almost 22,000 retail jobs were lost in 2019, according to new data from specialist finance broker firm ABC Finance.

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