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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Feb- 2025 -24 February
Today’s news in brief-24/2/25
Shein, the global online fashion retailer, saw its profits plummet by 40% to $1bn in 2024. The company faced a…
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24 February
Bershka and Pull&Bear to open at Glasgow’s Silverburn
Bershka and Pull&Bear have selected retail and leisure destination Silverburn to open their first Glasgow stores. Bershka will take the…
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24 February
Eldon Square appoints new centre director
Eldon Square, the shopping and leisure destination in Newcastle, has appointed Helen Cowie as centre director. As the investment programme…
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24 February
Shein profits falter ahead of planned London IPO
Shein’s profits reportedly dropped by 40% to $1bn (£791m) in 2024 as the online retailer suffered a difficult final quarter…
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24 February
Mango Home to open first standalone store
Mango Home has announced the opening of its first stand-alone store, located at 586 Avenida Diagonal in Barcelona. With a…
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24 February
B&M CEO to retire as group lowers FY guidance
B&M has revealed that chief executive Alex Russo will retire on 30 April, as the group announced it has lowered…
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24 February
Asda avoids penalty amid missed deadline for IT upgrade
Asda has reportedly avoided a financial penalty after its former owner Walmart agreed to move back a deadline for the…
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24 February
DFS appoints former Holland and Barrett CEO as NED
DFS Furniture has announced the appointment of former Holland and Barrett CEO Tony Buffin as an independent non-executive director. Buffin…
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21 February
Today’s news in brief-21/2/25
UK retail sales saw a 1.7% rise in January 2025, driven primarily by a 5.6% surge in food sales, the…
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21 February
Aldi to increase store assistants’ pay from March
Aldi has announced a new pay rise for its store assistants from 1 March, with hourly rates increasing to at…
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