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- 2022 -26 May
Wickes sales dip despite ‘record’ order books
Wickes has revealed that like-for-like sales for the first 20 weeks of the year were down 0.6% against the prior…
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25 May
Frasers Group sells US retail businesses to GoDigital in £60m deal
Frasers Group has confirmed that it has disposed of its US retail businesses trading as Bob’s Stores and Eastern Mountain…
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25 May
Glossier CEO to step down
Glossier has announced that its founder and chief executive officer (CEO), Emily Weiss, will step down as CEO, a role…
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25 May
EG Group revenues hit £5bn as foodservice profits surge 54%
The EG Group has reported that its revenues surged 25.1% year-on-year from $5.52bn (£4.4bn) to $6.91bn (£5.5bn) in the three…
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25 May
Marks and Spencer warns of profit squeeze as it exits Russia
Marks and Spencer (M&S) has revealed it expects its profits to flatline in the upcoming financial year as the rising…
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25 May
Pets at Home reports record year as profits surge
Pets at Home has reported that its underlying pre-tax profits have surged 65.3% to £144.7m for the year to March…
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24 May
Abercrombie & Fitch lowers forecast amid Q1 loss
Abercrombie and Fitch has lowered its forecast for 2022 with expectations for net sales to be flat to up 2%…
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24 May
Gymshark founder climbs Sunday Times Rich List as profits hit £45m
Gymshark has reported pre-tax profits of £45.4m in the financial year ended 31 July 2022, with profits in the year…
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24 May
H&M unveils new Braehead store
H&M has announced the opening of its new store at Braehead shopping centre, a retail and leisure destination, under the…
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24 May
Boohoo agrees settlement for US class action
Boohoo has announced it has agreed a settlement “without admission of liability” in relation to the class action settlement brought…
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