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- 2023 -16 May
Boohoo profits halve in FY22
Boohoo has seen its profits fall by 49% to £63.3m in 2022, with revenues falling to £1.8bn, down by 11%…
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16 May
ABG closes in on Hunter Boots acquisition
American-based brand management business Authentic Brands Group is reportedly closing in on the acquisition of royal warrant-holding footwear brand Hunter,…
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16 May
Frasers Group considers sale of Pretty Green
Frasers Group is recently considering selling Liam Gallagher’s fashion brand Pretty Green, Drapers has revealed. The company was part of…
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16 May
Shoe Zone H1 profits halve despite revenue increase
Shoe Zone has announced that its profit before tax halved to £1.5m, down from £3.1m, for the 26 weeks ended…
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15 May
Sports Direct opens new store at Braehead Centre
Sports Direct is set to open a new store in the Braehead Centre. The brand will relocate and upsize from…
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15 May
John Lewis appoints Saatchi & Saatchi as new creative partner
The John Lewis Partnership has appointed Saatchi and Saatchi as its new creative marketing partner for both John Lewis and…
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15 May
Beauty Pie appoints new CEO
Skincare and make-up retailer Beauty Pie has announced the appointment of Kevin Cornils to the role of CEO ahead of…
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15 May
KMD Brands appoints new Kathmandu CEO
KMD Brands Limited, the global outdoor, lifestyle and sports company, has appointed Megan Welch as CEO of Kathmandu. Welch will…
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15 May
LDO reports sales up 17% to £19.7m in Q1 2023
London Designer Outlet has reported that its sales reached over £19.7m– an increase of 17% in Q1 2023 compared with…
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15 May
Currys raises guidance after ‘better than expected results’
Electronics retailer Currys has increased its profit guidance to between £110-120m for the year ended 29 April 2023. The retailer…
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