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.
-
Jan- 2025 -9 January
Quiz shareholders approve AIM delisting
Quiz has announced that its shareholders have approved the delisting of the retailer from AIM and its return to private ownership. In an official announcement, Quiz shared that 98.6% of shareholders backed the resolutions. Following the approval, the retailer will cease trading on AIM at 7:00 a.m on 23 January…
Read More » -
9 January
M&S celebrates bumper Xmas as sales top £4bn
M&S has reported a successful Christmas trading update as its total group sales increased by 5.6% to £4bn in the 13 weeks to 28 December 2024. The group’s food sales increased 8.7%, with LFL sales up 8.9%. Core categories, such as meat, produce, grocery and in-store bakery grew double-digits as…
Read More » -
8 January
Today’s news in brief-8/1/25
Home Bargains owner Tom Morris took home over £1bn in dividends as the discount retailer saw turnover rise 11.7% to £4.2bn in the year ending June 2024, driven by new store openings and re-sites. Operating profit also surged 34.2% to £434m. Morris, owning 98% of parent company TJ Morris, received…
Read More » -
8 January
Seasalt Cornwall sales jump by 10% over Xmas season
Seasalt Cornwall has reported that total sales rose by 10% across its website, physical stores, marketplace partners and wholesale channels during the five-week period to 28 December 2024 compared with the same period last year. According to the clothing retailer, every one of its trading channels has set new records…
Read More » -
8 January
Carhartt WIP, Ronning and Blackhorse Lane Ateliers open shops in Soho
Lifestyle apparel brand Carhartt WIP, fashion retailer Ronning and craft jean maker Blackhorse Lane Ateliers have all opened new stores in Soho, London. Carhartt WIP has launched its new 4,000 sq ft flagship, relocating from 72-74 Brewer Street into a larger unit in the same street at 33-35. The store…
Read More » -
8 January
John Lewis Partnership chief customer officer steps down
John Lewis Partnership’s (JLP) chief customer officer Charlotte Lock is to step down from her role after three years. Lock, who joined JLP back in March 2022 from the Co-op where she was director of Data, Loyalty and Digital Products, is said to be stepping down in order to pursue…
Read More » -
8 January
Mamas and Papas to open more stores after ‘record’ festive sales
High street nursery brand, Mamas and Papas, has seen its sales across stores, online and wholesale channels rise by a “record” 5% over the 13-week period to 29 December, driven by a strong performance from the retailer’s UK and overseas markets. Retail sales were up by 8% in the overall…
Read More » -
8 January
Home Bargains owner takes home over £1bn in dividends
The billionaire owner of Home Bargains has paid himself more than £1bn in dividends after the discount retailer welcomed rising sales and profits in its latest full-year results.Tom Morris, who owns 98% of parent company TJ Morris, received the majority of the £1.22bn in available ordinary dividends and asset distributions…
Read More » -
8 January
MPs ‘horrified’ as questions left unanswered at Shein trade committee
MPs on the Business and Trade Committee were left “horrified” after a representative for Shein could not answer questions over where the business sources its cotton from. Shein’s general counsel for Europe Middle East Africa (EMEA) Yinan Zhu was asked several times whether the company uses cotton supplied from China…
Read More » -
8 January
ProCook revenues surge amid successful Black Friday and Xmas
UK-based kitchenware brand ProCook has reported a 11.2% increase in revenues to £25.6m and like-for-like revenue increase by 3.4% for the 12 weeks ended 5 January 2025. The group stated that actions taken to elevate its Black Friday and Christmas campaigns resulted in a “strong trading performance”. Total retail revenue…
Read More »
