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 -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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3 August
Capri Holdings sees Q1 revenues reach $1.25bn
Multinational fashion company Capri Holdings has reported a 178% year-on-year spike in total group revenues to $1.25bn (£898m) for Q1…
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2 August
Central England Co-op partners with Snappy Shopper
Central England Co-op has announced a new partnership with Snappy Shopper, in which shoppers in the region will now be…
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2 August
Amazon growth slows in Q2
While sales in Amazon’s second quarter soared by 27% to $113bn (£81bn) against 2020, growth slowed down from a 44%…
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2 August
Hermes H1 net income reaches £1bn
Women’s bags and clutches retailer Hermes saw net income soar to €1.17bn (£999m) during the first half of FY21, up…
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