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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Jul- 2025 -18 July
Burberry sales decline slows as turnaround plan takes effect
Burberry has revealed that its revenue fell 6% to £433m in the 13 weeks ended 28 June, as the brand stated it was seeing “early progress” on its turnaround plan. Alongside this, the company saw its comparable store sales fall 1% compared with a 21% decline last year. The slowing…
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18 July
Cotswolds designer outlet officially opens to public
Cotswolds Designer Outlet has opened to the public, offering a mix of fashion, lifestyle and food brands alongside family-friendly facilities. The new outlet, developed by Robert Hitchins and managed by Multi-Realm, is located just off Junction 9 of the M5, on the edge of Tewkesbury. More than 50 national and…
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18 July
Morrisons cuts debt by £261m through refinancing deal
Morrisons has cut its debt by £261m after completing a refinancing deal that also extends the maturity of its loans. The supermarket chain said it had issued a £930m equivalent sterling and euro bond maturing in January 2031, secured a new £450m term loan maturing in November 2030, and repurchased…
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18 July
Mango H1 turnover jumps 12% to €1.7bn amid global expansion
Mango has reported a 12% rise in turnover to €1.7bn (£1.4bn) in the first half of 2025, as the Spanish fashion company expanded its international footprint and online presence. During the period, the company opened 78 new shops and refurbished an additional 30, taking its global store count to 2,925…
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17 July
Ocado Retail CCO to depart after less than two years
Ocado Retail chief commercial officer Amit Chitnis is set to depart the company having joined in December 2023. The company’s director of commercial development George Dean has been named as the company’s interim CCO to ensure a seamless transition. Chitnis joined Ocado from Tesco where he spent a decade in…
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17 July
Dunelm Q4 sales rise amid Spring heatwave
Dunelm has revealed that its sales rose 4% to £415m for the 13 weeks ended 28 June 2025, driven by the Spring heatwave. Overall, the homeware retailer has seen its full year sales increase 3.8% to £1.77bn. As a result the company expects its full-year gross margin to be up…
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17 July
Cotton Traders FY profits rise 3% to £9.46m
Cotton Traders has reported a 3% rise in operating profit to £9.46m for its 2024 financial year, driven by growth in online and marketplace sales, despite a slight 1% decline in turnover to £107.8m. The British fashion brand revealed that its EBITDA also rose 4% to £11.94m during the period.…
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17 July
Frasers warns of £50m budget hit despite FY25 profit rise
Frasers has seen pre-tax profits rise by 2.8% to £560.2m in its full-year results, but has warned it faces over £50m in extra costs caused by last year’s budget. In the year ended 27 April 2025, trading was particularly strong in the second half, where profits were up by 8.3%,…
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17 July
DFS annual profits to exceed guidance for FY25
DFS Furniture expects its full-year profits before tax to be “slightly above” the top end of its £25m to £29m guidance range, and up by about £20m year-on-year, for the year to 29 June. The retailer of upholstered furniture attributed its performance to a combination of strong trading and tighter…
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16 July
Inflation jumps to 18-month high of 3.6% in June
Inflation unexpectedly increased to a near 18-month high of 3.6% in June, driven by the rising cost of transport and food, according to the latest figures from the Office for National Statistics (ONS). The figure is the highest recorded since January 2024, when the rate was 4.0%. On a monthly…
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