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- 2022 -23 June
Matalan FY revenues surpass £1b
Matalan has revealed its revenues for the 52-week period ending 26 February 2022 reached just over £1bn, up 38% from…
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23 June
Gilly Hicks to open new store in Carnaby
Gilly Hicks, a brand in the Abercrombie and Fitch portfolio, has announced the opening of its new store located at…
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23 June
Naked Wines returns to profit as sales hit £350m
Naked Wines has welcomed a year of “strong execution” despite ongoing headwinds, with the group’s adjusted EBIT hitting £2m in…
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23 June
Amazon announces new global retail CEO
Amazon has announced the appointment of Doug Herrington as the new CEO of the company’s Worldwide Amazon Stores business. Herrington…
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23 June
Boohoo appoints new CFO
Boohoo has announced the appointment of Shaun McCabe as the brand’s new Chief Financial Officer (CFO). McCabe will succeed Neil…
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22 June
Gift Universe acquires Prezzybox
Gift Universe, parent company of the gifts and gadgets retailer Menkind, has acquired Prezzybox, a brand in the gifting industry.…
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22 June
1 in 3 SMEs struggle with cost of staffing, NatWest report reveals
New research conducted by NatWest Rapid Cash has revealed that 34% of SMEs are struggling with the cost of staffing,…
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22 June
M&S criticises gov decision on new Marble Arch store
Marks and Spencer has criticised the decision by Secretary of State Michael Gove to hold a public enquiry on the…
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22 June
Frasers Group increases stake in Hugo Boss
Frasers Group, a British retail and intellectual property group, has increased its stake in German fashion brand Hugo Boss. Frasers…
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22 June
Outgoing B&M boss awarded £5m payout
The outgoing boss of B&M Simon Arora has become one of the highest earning CEOs in retail after earning £5m…
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