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- 2025 -15 May
B&M appoints ex-Tesco exec as new CEO
B&M has announced the appointment of Tjeerd Jegen as its new chief executive officer. The value retailer revealed that Jegen…
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15 May
Watches of Switzerland FY revenues hit £1.65bn
Watches of Switzerland has reported an 8% increase in its group revenues to £1.65bn for the 52 weeks to 27…
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15 May
UK economy grows by more than expected 0.7% in Q1
The UK economy performed better than expected in the first quarter of the year, with GDP growing by 0.7% between…
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15 May
MFI to make comeback after nearly two decades
Furniture retailer MFI is set to return to the high street almost 20 years after it fell into administration. Owner…
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14 May
Today’s news in brief-14/5/25
Luxury fashion brand Burberry has announced plans to cut up to 1,700 jobs globally following a challenging financial year. The…
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14 May
Not On The High Street appoints Jessica Nesbitt as CEO
Not On The High Street has appointed Jessica Nesbitt to the role of CEO, replacing Leanne Rothwell, who is stepping…
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14 May
Wickes revenues up almost 7% in Q1
Wickes has announced that its group revenues have risen 6.9% to £533.1m during the 17 weeks ended 26 April 2025.…
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14 May
Angling Direct sees FY sales and profits rise
Angling Direct has reported a 11.9% increase in group revenues to £91.3m and a 23.6% rise in adjusted profit before…
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14 May
Burberry to axe 1,700 roles amid full-year losses
Burberry has warned it could cut up to 1,700 roles globally as part of a new cost-cutting drive, after the…
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14 May
M&S insurance payout could hit £100m after cyberattack
Marks and Spencer’s insurance payout could be as much as £100m following the recent cyberattack where customer data was stolen,…
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