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- 2021 -4 August
Alibaba revenues fail to meet analysts’ expectations
Alibaba has reported revenues of ¥180.24bn (£20bn) for the three months to June 30, an increase of 34% from the…
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4 August
New Look posts Q1 profits of £15m
New Look has swung to a £15m adjusted EBITDA profit in the first quarter of FY22, compared with losses of…
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4 August
THG to acquire Cult Beauty for £275m
THG has announced it has agreed to acquire Cult Beauty, the UK based online beauty retailer, for a total consideration…
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4 August
Ted Baker appoints two new non-executive directors
Ted Baker has announced the appointment of Fumbi Chima and Meg Lustman as independent non-executive directors of the company. Fumbi…
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3 August
Wolverine World Wide acquires Sweaty Betty for £295m
Wolverine World Wide has announced that it has acquired UK retailer Sweaty Betty in an all-cash transaction valued at approximately…
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3 August
VF Corp H1 revenues soar 104% to $2.2bn
VF Corporation, the apparel and footwear group, saw revenues increase 104% year-on-year to $2.2bn (£1.58bn) in H1 FY22. The owner…
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3 August
Mike Ashley’s Frasers Group pens letter urging MPs for Debenhams probe
Mike Ashley’s Frasers Group has reportedly sent a letter to parliament urging them to launch an independent investigation into Debenhams’…
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3 August
Greggs to add 100 new stores as it returns to profit
Greggs has announced it plans to open 100 new stores this year after it revealed it had returned to profit…
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3 August
Joules returns to profit in FY21
Joules has announced that it has returned to profit in its latest full-year results, rising to a pre-tax profit of…
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3 August
Foot Locker acquires Atmos and WSS brands for $1.1bn
Foot Locker is set to acquire Japanese street brand Atmos and U.S.-based athletic footwear and apparel retailer WSS in two…
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