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 -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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28 June
Sweaty Betty and Space NK make debut at Liverpool ONE
Activewear brand Sweaty Betty and luxury cosmetics retailer Space NK have both opened at Liverpool ONE, Grosvenor has revealed. Sweaty…
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28 June
UK retail rewards programmes influence £74.9 billion in consumer spending
As the cost of living crisis continues to bite, a new report by shopping rewards experts Webloyalty and economists Cebr…
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28 June
Unbound Group ends sales process after failure to secure offers
Unbound Group, owner of Hotter Shoes, has closed its sales process after receiving no potential offers capable of obtaining shareholder…
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28 June
Boohoo presses suppliers for discount on current orders
Boohoo has reportedly “demanded” a 10% discount on current orders from some suppliers for the second time, as it looks…
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28 June
Mulberry profits fall to £13.2m in FY23
Mulberry has reported that pre-tax profits fell from £21.3m to £13.2m in the year ended 1 April 2023, despite reporting…
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28 June
Boots to close 300 stores despite strong Q3 sales
Boots will reportedly shut 300 branches across the UK over the coming year, despite the group’s retail sales increasing by…
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