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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Jan- 2025 -23 January
Revolution Beauty warns FY sales may fall by quarter
Revolution Beauty has warned of a 25% decline in sales for the financial year ending 28 February 2025 due to…
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23 January
CMA appoints Doug Gurr as interim chair
Former Amazon boss Doug Gurr has been appointed as interim chair of the Competition and Markets Authority (CMA), in a…
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22 January
Today’s news in brief-22/1/25
River Island has engaged AlixPartners to manage cost reductions ahead of impending tax hikes in April. Despite a £33.2m pre-tax…
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22 January
Flying Tiger Copenhagen to open new store at Trafford Centre
Danish variety store Flying Tiger Copenhagen will open a new store at Trafford Centre on 14 February. The new 1,500…
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22 January
Waterstones profits quadruple to £43m as office workers return
Waterstones has seen pre-tax profits rise from £11.2m to £42.9m in the year to 27 April 2024, whilst reporting a…
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22 January
Asda appoints David Lepley as new chief supply chain officer
Asda has announced that David Lepley will join its executive team as chief supply chain officer, to lead its food…
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22 January
Mytheresa nominates Richemont CFO to board
Mytheresa has nominated Burkhart Grund, the chief financial officer of Richemont, as its new supervisory board member, subject to the…
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22 January
Boohoo shareholders reject Frasers’ bid to remove co-founder
Boohoo shareholders have “overwhelmingly” voted against the resolution proposed by Frasers Group that would see founder and group executive vice…
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22 January
River Island drafts in AlixPartners to tighten costs
River Island has brought in AlixPartners to work on a cost reduction and profit improvement exercise ahead of the planned…
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22 January
Adidas sees revenues surge 24% to €5.97bn in Q4
Adidas has reported “better than expected” Q4 results as its revenues grew 24% to €5.97bn (£5.17bn) compared with €4.81bn (£4.17bn)…
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