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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Aug- 2024 -27 August
Frasers seeks £585m share buyback approval
Frasers Group is seeking approval for owner Mike Ashley to cash in on £585m of shares which could be bought…
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27 August
Lanvin HY revenues decline 20% amid global luxury slowdown
Lanvin Group, which owns Wolford, Sergio Rossi and Caruso brands, has reported a 20% decline in revenues to €171m (£144.5m)…
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23 August
UK consumer confidence remains stable in August
UK consumer confidence has remained stable in August at -13, according to GfK’s long-running index. The survey revealed that three…
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23 August
Fred Perry PBT jumps 11.5% to £18.5m
Fred Perry has revealed its profit-before-tax jumped 11.5% to £18.4m in the year ended 31 December 2023. In its most…
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23 August
Organic wine sales at Majestic almost double in a year
Majestic has revealed that its organic wine sales have almost doubled, rising by 94% over the year to July, as…
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23 August
Shein uncovers two cases of child labour in supply chain
Shein has revealed it uncovered two cases of child labour in its supply chain last year, as both cases were…
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22 August
TK Maxx owner ups FY profit guidance
TK Maxx owner, TJX Companies, has revealed it has upped its FY profit guidance after its comparable store sales increased…
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22 August
Urban Outfitters reports ‘record’ Q2 sales of $1.35bn
US lifestyle brand Urban Outfitters has reported a 6.3% increase in total net sales to a “record” $1.35bn (£1.03bn) for…
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22 August
JD Sports sales rise 2.4% in Q2 amid global expansion
JD Sports has welcomed a strong second quarter of trading, with like-for-like sales up by 2.4%, as organic sales grew…
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22 August
Shein mulls selling shares to British public amid IPO backlash
Shein is reportedly looking to sell its shares directly to the British public after its potential £50bn listing on the…
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