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 -16 May
Watches of Switzerland Q4 sales rise 4%
Watches of Switzerland has seen its group revenues jump 4% up to £380m for the 13 weeks ended 30 April.…
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16 May
Superdrug to open 25 new stores
Superdrug has announced an investment into its bricks-and-mortar retail footprint, with plans to open 25 new stores in 2024, as…
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16 May
Mytheresa sales rise 17.6% to €233.9m in Q3
Luxury retailer Mytheresa reported a 17.6% net sales increase to €233.9m (£200.6m) for the third quarter ended 31 March. Gross…
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16 May
Miniso revenues rise 26% in Q1 amid worldwide expansion
Trendy lifestyle retailer Miniso has reported that revenues rose 26% to $515.7m (£406.9m) year-over-year in the first quarter ended 31…
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16 May
Natura & Co mulls Avon separation amid widened losses
Natura and Co has confirmed it is still exploring a “potential separation” of Avon after its losses widened in the…
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16 May
Zalando appoints Nina Graf-Vlachy as new GM for Sports
Zalando has appointed Nina Graf-Vlachy as the new general manager for Sports, effective August 2024. The role is newly created…
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15 May
Today’s news in brief-15/5/24
Tesco CEO Ken Murphy has seen his pay more than double to nearly £10m, fueled by a 159% rise in…
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15 May
Discount Dragon revenues hit £1.6m post-acquisition
Discount Dragon revenues have reached £1.6m during the post acquisition period by Huddled Group between October and December 2023. Q4…
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15 May
Boux Avenue upbeat on performance despite widening losses
Retail boss Theo Paphitis is upbeat on the performance of his lingerie brand Boux Avenue despite the company seeing its…
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15 May
Burberry profits plummet 40% amid luxury spending slowdown
Burberry has seen its pre-tax profits nosedive 40% to £383m in its full-year results, down from £634m the prior year,…
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