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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Jun- 2023 -30 June
Nike revenues up 10% to $51bn in FY23
Nike has reported a 10% rise in revenues year-on-year to $51.2bn (£40.62bn) and a 16% rise on a currency-neutral basis…
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30 June
Authentic Brands Group secures $500m investment to fuel growth
Authentic Brands Group, the owner of brands including Reebok and Ted Baker, has secured a $500m (£395m) primary follow-on investment…
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29 June
Sainsbury’s launches Henry Holland partnership for Pride
Sainsbury’s has today announced a partnership with British designer Henry Holland to celebrate Pride Month. The new Henry Holland’s x…
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29 June
John Lewis becomes first retailer to set net-zero targets
The John Lewis Partnership has become the first retailer in the UK to have its “science-based” net-zero targets validated by…
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29 June
Boohoo slams Revolution Beauty as it hands out £3m in shares
Revolution Beauty has handed its directors, including CEO Bob Holt and finance boss Elizabeth Lake, over 11 million shares valued…
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29 June
H&M sales rise 9% in half-year results
H&M has reported a 9% net sales increase to SEK 112.4m (£8.2m) in the first half of the year. Sales…
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29 June
Ted Baker axes 200 jobs amid restructure
Ted Baker has reportedly axed around 200 jobs at its head office amid the start of a new outsourcing model,…
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29 June
Moonpig profits fall to £48m despite sales growth
Moonpig has reported its pre tax profits fell 6.9% to £48.0m in the year ended 30 April, despite seeing a…
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29 June
B&M revenues grow 13.5% in Q1
B&M has announced a “strong and profitable” trading momentum across the whole business over the 13-week period from 26 March…
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28 June
ProCook revenues fall 9.9% in FY23
Kitchenware brand ProCook has revealed that total revenues fell by 9.9% to £62.3m in the year ended 2 April, with…
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