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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May- 2024 -7 May
Zalando revenues hit €2.2bn in Q1
Zalando has seen revenues increase to €2.2bn (£1.8bn) for the first quarter of 2024. Adjusted earnings before interest and tax…
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7 May
Mike Ashley settles lawsuit against Morgan Stanley
Mike Ashley’s Fraser’s Group has dropped a $50bn (£40bn) lawsuit against Morgan Stanley, with no money exchanged by either parties,…
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7 May
Tala to debut first physical partnership with Selfridges
Athleisure brand Tala will be debuting its physical all-store partnership with Selfridges from 10 May. The brand will be available…
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3 May
Today’s news in brief-3/5/24
Asda, following strong FY23 financial results, has successfully refinanced £3.2bn of debt, pushing maturities into the next decade. This included…
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3 May
Go Outdoors opens new store at Metrocentre
Go Outdoors, the outdoor clothing and equipment retailer, has launched its 20,242 sq ft store at Metrocentre, in the North…
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3 May
Retailers face slow start to Spring as footfall declines 7.2% in April
Retailers experienced a slow start to Spring as total UK footfall decreased by 7.2% in April (YoY), down from -1.3%…
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3 May
Apple profits fall as iPhone demand slows
Apple has reported a 2% year-on-year decline in profit to $23.6bn (£18.8bn) and a 4% decrease in revenues to $90.8bn…
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3 May
Asda successfully refinances £3.2bn of debt
Asda has announced that it has refinanced £3.2bn of debt pushing out the majority of its maturities into the next…
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3 May
The Works completes admission to AIM
The Works has announced the completion of its move from the main market of the London Stock Exchange to AIM.…
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3 May
Mango to open 20 more UK stores by year’s end
Mango has announced it will continue its expansion and brand consolidation plan in the UK with more than 20 store…
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