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 -3 May
AYBL To Grow: £30m athleisure brand saves 1,000s of hours with Inventory Planner
Key facts Shopify-powered women’s activewear brand that’s experienced 360% growth to reach a revenue of £30M Uses Inventory Planner to…
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3 May
Superdry to raise £12m via share sale
Superdry has announced that it intends to issue 15,700,000 new ordinary shares of 5p each in the capital of the…
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3 May
Hotel Chocolat appoints new chair
Hotel Chocolat Group plc, a direct-to-consumer premium chocolate brand, has announced the appointment of Stephen Alexander as the company’s non-executive…
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3 May
Card Factory profits jump 368.5% to £52.4m
Card Factory has seen its profit before tax rise 368.5% to £52.4m, up from £11.1m, for the year ended 31…
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3 May
Third of Ocado shareholders vote against CEO’s £2m pay packet
Around 30% of shareholders at Ocado have voted against a measure that would see CEO Tim Steiner receive a £2m…
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3 May
Wickes sales hit by adverse weather in Q1
Wickes has revealed that for the first 16 weeks of the year to 22 April the group’s like-for-like sales were…
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3 May
Watches of Switzerland CFO steps down
Watches of Switzerland, one of the UK’s largest luxury watch retailers, has recently announced that Bill Floydd will step down…
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2 May
Apollo drafts in former retail CEOs to help with THG offer
Apollo Global Management has reportedly drafted in former Coty and Holland and Barrett CEOs, Camillo Pane and Tony Buffin, to…
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2 May
Bank holiday sees footfall rise 12.9%
The bank holiday weekend saw footfall ramp up “significantly” from Friday onwards, with an increase in footfall over Saturday and…
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2 May
UK retailers must find ways to attract customers amid boom in resale market, True Fit says
UK shoppers make twice as many apparel purchases on second-hand platforms than they make on social media, according to the…
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