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- 2021 -24 May
Frasers Group eyes Hugo Boss takeover
Frasers Group is reportedly considering a potential takeover of Hugo Boss, according to a recent report from The Daily Telegraph.…
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24 May
Travis Perkins to sell plumbing and heating business for £325m
Travis Perkins has announced that it has agreed to sell its plumbing and heating (P&H) distribution business to an affiliate…
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24 May
L Brands adds JK Symancyk to board of directors
L Brands, the owner of Bath and Body Works, Victoria’s Secret, and Pink, has announced the appointment of JK Symancyk…
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21 May
Poundland launches Local format pilot
Poundland is launching a pilot of its new Poundland Local format with two Yorkshire openings in Kendray and Hornsea. Set…
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21 May
Watches of Switzerland anticipates profits of £104m
Watches of Switzerland has expected its FY21 pre-tax profits to range between £104m and £107m following a “very robust performance”…
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21 May
L Brands reveals CFOs for standalone businesses
L Brands has revealed the two new CFOs for its standalone Bath and Body Works and Victoria’s Secret businesses. Wendy…
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21 May
Retail sales climb 9.2% in April
Retail sales across the UK increased 9.2% in April 2021 when compared to the previous month, as the easing of…
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21 May
Cox & Cox sales soar despite supply chain disruption
Online homeware retailer Cox and Cox has announced that its first quarter “proved a very strong period”, with net revenue…
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21 May
Ikea and Primark most searched for brands since reopening, study finds
Ikea and Primark have been the most searched for brands following restrictions being lifted in April, according to new data…
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21 May
Card Factory completes £225m refinancing
Card Factory has announced it has completed a £225m refinancing with its current banking syndicate. The news follows the retailer’s…
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