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 -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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15 May
Shein to launch 30 pop-ups around EMEA
Shein has announced plans to host roughly 30 pop-ups around the Europe, Middle East and Africa (EMEA) region this year. …
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15 May
Allbirds co-founder steps down as co-CEO
The co-founder of footwear retailer Allbirds has stepped down from his role as co-CEO to instead take up the role…
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15 May
Zara relocates to Trinity Leeds for latest flagship store
Zara has recently revealed that it will open its newest flagship store at Trinity Leeds shopping centre, as it upsizes…
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12 May
Dunelm to open its first store at Atria Watford
Dunelm, the homewares retailer, is to open a 33,000 sq ft store within Atria Watford. Dunelm already has 179 stores…
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12 May
Rail strikes marginally impact footfall
Today’s rail strikes (12 May) have impacted footfall across the UK, with footfall down by -0.7% from last Friday. According…
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12 May
Peloton recalls over two million exercise bikes
Peloton is recalling more than two million of its exercise bikes Model PL01, following revelations that the seat post assembly…
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12 May
VF Corporation reshuffles EMEA leadership team
VF Corporation, a global leader in branded lifestyle apparel, footwear, and accessories, has recently announced new appointments to its EMEA…
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12 May
Prada net revenues jump 22% to €1.06bn
Prada has reported that its net revenues increased 22% to €1.06bn (£928m) YoY despite an uncertain macroeconomic environment, according to…
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12 May
UK economy shrinks 0.3% in March
Monthly real gross domestic product (GDP) is estimated to have fallen by 0.3% in March 2023, after showing no growth…
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