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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Mar- 2025 -20 March
Quarter of a million retail jobs lost in five years, ONS finds
There are now 249,000 fewer retail jobs than there were five years ago, according to the latest data from the…
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20 March
Panerai appoints new chief executive officer
Luxury watch brand Panerai has announced the appointment of Emmanuel Perrin, currently head of specialist watchmakers distribution, as its new…
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20 March
Footasylum profits soar by 188% in ‘record’ year of growth
Footasylum has welcomed a year of “record” profits and sales, with pre-tax soaring by 188% to £17.2m, up from £6m…
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19 March
Office sees profits top £100m amid improved trading and new stores
Footwear retailer Office has seen its full-year pre-tax profits more than double to £102.4m as it experienced better trading conditions…
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19 March
New TOFS owner eyes potential CVA and store closures
Modella Capital, the owner of The Original Factory Shop (TOFS), is reportedly working with Interpath Advisory on a potential company…
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19 March
Debenhams Group launches new credit payment option
Debenhams has unveiled DebenhamsPay+, a new credit payment option designed to give customers control over how they shop and pay.…
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19 March
Co-op extends Uber Eats partnership
Co-op and Uber Eats have announced a three-year extension of their quick commerce partnership, which started in 2022. The partnership…
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19 March
Frasers renews bid for Norwegian sports retailer XXL
Frasers Group has confirmed it intends to make a mandatory offer for Norwegian sporting goods retailer XXL ASA, despite withdrawing…
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18 March
Today’s news in brief-18/3/25
Forever 21 has filed for bankruptcy protection in the US for the second time, following a previous filing in 2019.…
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18 March
Go Outdoors to introduce body cameras to 25 more stores
Go Outdoors has announced its plans to roll out body cameras to 25 additional stores after a successful trial at…
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