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Retail business and financial news, including acquisitions, trading updates, regulation and deals affecting retailers and their suppliers.

New car sales up 11.5% in March

Demand for new cars grew by 11.5% last month compared with March 2020, new figures show. Some 283,964 new cars were registered in the UK...
Chancellor Rishi Sunak

Recovery loans of up to £10m available to businesses requiring support

Government-backed loans of up to £10 million are to be made available for companies that need support until the end of the year. As announced...

Almost 190,000 retail jobs axed in high street turmoil since first lockdown

Almost 190,000 jobs have been lost in the retail bloodbath since shops were first forced to shut their doors a year ago, according to...

Iceland boss backs calls for digital sales tax to aid high street revival

The boss of Iceland has called for a digital sales tax to help support the recovery of the high street. Richard Walker, managing director of...

Around 2,000 Peacocks jobs saved in rescue deal

Collapsed fashion chain Peacocks has been saved by a senior executive with backing from an international consortium, it has been announced. Chief operating officer Steve...

New car sales up 11% in March

Demand for new cars grew by 11% last month compared with March 2020, preliminary figures show. Around 283,000 new cars were registered in the UK...

Asos sales growth set to continue after lockdown gains

Asos is set to continue its recent stellar spell with a surge in earnings and sales as further lockdown restrictions have kept its shoppers...

Next profits cut in half after Covid store closures

High street fashion chain Next has said profits for the last year were slashed by more than half after its stores were shut for...

Deliveroo shares close down 26% on first day of trading

Shares in Deliveroo closed down 26.3% on its first day of trading on the London Stock Exchange, having earlier seen falls of 30% during...
Boots hit as footfall drops

Sales drop by nearly a fifth at Boots as Covid weighs on retailers

Sales at pharmacy chain Boots have dropped by nearly 18% in the UK, the company’s parent revealed on Wednesday. The drop was caused by the...

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