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- 2024 -25 April
Matchesfashion creditors owed ยฃ36m following collapse
Burberry, Gucci and Prada are among the creditors owed ยฃ36m following the collapse of Matchesfashion last month, the FT has…
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25 April
WH Smith revenues rise 8% in H1 amid travel boost
WH Smith has reported that total revenues rose 8% to ยฃ926m in the six months ending 29 February, largely boosted…
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25 April
Asdaโs credit rating upgraded amid strong FY results
Asda has welcomed Moodyโs upgrade of the companyโs corporate rating to B1 from B2, following a strong financial performance in…
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24 April
Today’s news in brief-24/4/24
Bรฉrangรจre Michel, the executive director of finance for the John Lewis Partnership, is resigning after 16 years with the company.…
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24 April
M&S to trial free postal donation service for pre-loved clothing
M&S will be trialling a new postal donation service in partnership with Oxfam, and will be accepting unwearable and wearable…
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24 April
Primark appoints three to advisory board
Primark has appointed Martin Brok, Sona Chawla and Christophe Roussel to its advisory board, according to sources. The trio will…
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24 April
JD Sports reopens flagship shop in Westfield Stratford
JD Sports has announced the reopening of its flagship store in Westfield Stratford City London.ย The improved store, which opened…
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24 April
Pret co-founder returns amid board shakeup
Pret a Manger has announced that its co-founder Sinclair Beecham will return to the company in an advisory role as…
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24 April
Dobbies appoints new board advisor for its restaurant business
Dobbies, the UKโs garden centre retailer, has appointed hospitality professional Robert Cook as a board advisor to support the strategic…
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24 April
Kering revenues dip 11% to โฌ4.5bn in Q1
Keringโs revenues were down 11% to โฌ4.5bn (ยฃ3.8bn) for the first quarter of 2024 as Gucci, Yves Saint Laurent and…
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