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- 2024 -16 May
Miniso revenues rise 26% in Q1 amid worldwide expansion
Trendy lifestyle retailer Miniso has reported that revenues rose 26% to $515.7m (£406.9m) year-over-year in the first quarter ended 31…
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16 May
Natura & Co mulls Avon separation amid widened losses
Natura and Co has confirmed it is still exploring a “potential separation” of Avon after its losses widened in the…
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16 May
Zalando appoints Nina Graf-Vlachy as new GM for Sports
Zalando has appointed Nina Graf-Vlachy as the new general manager for Sports, effective August 2024. The role is newly created…
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15 May
Today’s news in brief-15/5/24
Tesco CEO Ken Murphy has seen his pay more than double to nearly £10m, fueled by a 159% rise in…
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15 May
Discount Dragon revenues hit £1.6m post-acquisition
Discount Dragon revenues have reached £1.6m during the post acquisition period by Huddled Group between October and December 2023. Q4…
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15 May
Boux Avenue upbeat on performance despite widening losses
Retail boss Theo Paphitis is upbeat on the performance of his lingerie brand Boux Avenue despite the company seeing its…
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15 May
Burberry profits plummet 40% amid luxury spending slowdown
Burberry has seen its pre-tax profits nosedive 40% to £383m in its full-year results, down from £634m the prior year,…
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15 May
Angling Direct reports pre-tax profit of £1.5m as sales surge
British fishing equipment retailer Angling Direct has reported pre-tax profits of £1.5m in FY24, up from £700,000 the prior year. …
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15 May
Tesco CEO pay doubles to almost £10m
Tesco CEO Ken Murphy has seen his pay more than double over the last year, taking home £9.93m, as the…
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15 May
Zalando appoints new co-CEO
Zalando has appointed David Schröder as new co-CEO of the business, as co-founder David Schneider steps down to focus on…
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