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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Feb- 2025 -14 February
Monsoon opens two boutiques at Gatwick airport
London fashion retailer Monsoon has announced the opening of its first two new travel boutiques in London Gatwick’s North and South Terminals. Adorned with the brand’s signature fabric chandelier centrepieces, the boutiques offer a space in which passengers can shop an extended range of ladies beachwear, including some Gatwick-exclusive lines,…
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14 February
Moncler revenues rise 7% to €3.1bn
The Moncler Group, owner of the Moncler and Stone Island brands, has seen its revenues improve 7% to €3.1bn (£2.58bn) in the year to 31 December 2024, as its CEO said the brand showed “resilience” in a “complex and volatile” market. On a brand basis, Moncler revenues increased 8% to…
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14 February
In The Style owners line up administrators
In The Style is reportedly on the brink of insolvency less than two years after it was sold to Baaj Capital for just over £1m, according to reports from Sky News. According to Sky, FTS Recovery is being lined up to act as administrator to the company, which was founded…
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14 February
Sloane Street completes £46m transformation
London’s luxury shopping destination Sloane Street has officially completed its £46m transformation after more than a decade of planning and extensive public consultation. The project, funded by property manager Cadogan and delivered in partnership with Kensington and Chelsea Council, has created a green 1km long boulevard spanning from Knightsbridge to…
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14 February
Steve Madden acquires Kurt Geiger for £289m
Steve Madden has agreed to acquire UK-based Kurt Geiger from a group led by international private equity firm Cinven for an enterprise value of approximately £289m in cash. In addition to Kurt Geiger London, the brand’s portfolio includes KG Kurt Geiger and Carvela. Kurt Geiger also operates footwear concessions within…
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14 February
Space NK founder joins Philip Kingsley as non-exec director
Global hair care brand Philip Kingsley has announced the appointment of Space NK founder, Nicky Kinnaird MBE, to the board as non-executive director effective immediately. Kinnaird, who opened her first beauty retail store in 1993, is a well known entrepreneur who has grown Space NK to over 80 locations across…
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13 February
Today’s news in brief-13/2/25
Fast-fashion giant Shein is relocating some Chinese supplier operations to Vietnam to circumvent U.S. tariffs imposed during the Trump administration, including a 10% levy on Chinese goods and the removal of a $800 de minimis exemption. Incentives for suppliers include procurement price hikes of up to 30%, alongside Vietnam’s lower…
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13 February
Stradivarius to open new store at Metrocentre
Stradivarius has signed to open a new store at Metrocentre, marking the brand’s first location in the North East. Stradivarius will open an almost 10,000 sq ft space in lower Red Mall this summer, just along the mall from Zara. With an extensive range of trend-driven apparel and accessories, the…
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13 February
Shein to look to Vietnam to avoid Trump tariffs
Shein has asked some of its Chinese suppliers to set up production capacity in Vietnam in a bid to bypass tariffs placed on China by the US, according to reports from Bloomberg. The company is offering suppliers incentives including higher procurement prices of as much as 30% to make the…
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13 February
Birkenstock FY turnover rises 25% to £59.8m amid store expansion
Birkenstock has reported that its turnover rose 25.1% to £59.8m in the year ended 30 September 2024, thanks to a rise in UK revenues due to a bricks-and-mortar store expansion. According to the footwear brand, its sales during the period have been “above initial expectations”. This was also attributed to…
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