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 -8 July
Shein files for Hong Kong IPO
Shein has reportedly filed for an initial public offering (IPO) in Hong Kong after facing continued setbacks in its plans to list on the London Stock Exchange, according to The Financial Times. The Singapore-based online retailer is said to have privately submitted a draft prospectus last week to the Hong…
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8 July
Dunelm appoints Sainsbury’s chief as new CEO
Dunelm has announced the appointment of Clodagh Moriarty as its new CEO, effective 1 October 2025. Moriarty is currently chief retail and technology officer at Sainsbury’s. As a member of the operating board, she holds responsibility for all stores and their operations, alongside Sainsbury’s digital offer and strategy, customer experience…
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8 July
Retail footfall rises 1.5% amid warm weather and Oasis revival
Retail footfall rose by 1.5% week-on-week across all retail locations, primarily driven by a 2.9% increase in retail parks, followed by a 1.3% rise in high streets and a 0.9% uplift in shopping centres, according to the latest MRI Software’s data. Warmer weather, seasonal demand and the early momentum of…
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8 July
Seraphine enters administration after sales slump
Maternity fashion retailer Seraphine has ceased trading and entered administration, with most of its 95 employees made redundant. It comes after the retailer officially appointed Will Wright and Chris Pole from consultancy firm Interpath as joint administrators yesterday (7 July). According to the administrators, they are now exploring options for…
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7 July
Tesco to open 10 new stores in Ireland amid €40m investment
Tesco Ireland is to create 400 new jobs as part of a €40m (£34m) investment that will see 10 new stores open across the country in the next 12 months. The move will bring the supermarket’s permanent workforce to more than 13,500, reinforcing its position as one of the largest…
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7 July
H&M latest retailer to trial staff body cameras
H&M has started trialling body-worn cameras for its staff in the UK as retailers seek to address rising levels of theft and violence in stores. According to This is Money, the Swedish fashion retailer is testing the equipment at branches in Edinburgh, Wood Green and Beckton in London. It follows…
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7 July
Footasylum FY profits jump 188% as sales hit record £349.5m
Footasylum has revealed its profit before tax jumped 188% to £17.2m and its operating profits more than doubled to £21.7m, in the year to 25 January 2025. It comes as it reported a 9.4% rise in revenues to £349.5m amid strong consumer demand for its exclusive brands and new store…
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7 July
Apple’s UK tax bill hits £300m as operating profits clear £1.2bn
Apple has revealed that it paid £304m in corporation tax in the UK for the year ended 28 September 2024, an increase of 62%, as its operating profits cleared £1.2bn for the first time. In accounts filed with Companies House, the technology giant revealed that its operating profit increased from…
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4 July
Aldi extends Teenage Cancer Trust fundraising target to £20m by 2031
Aldi has pledged to raise £20m for Teenage Cancer Trust by 2031, extending its original target of £15m by 2027. The UK’s fourth-largest supermarket has so far raised £12m since the partnership began, supporting the charity’s work with young people undergoing cancer treatment. Fundraising efforts have taken place across Aldi’s…
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4 July
Bensons for Beds losses widen as market pressures persist
Bensons for Beds has reported widening losses of £22m for the year ended 28 September 2024, up from £19.9m the previous year, as it continues to face external market pressures and internal operational issues. The group’s pre-tax loss included £8.8m in interest payments, £5.6m in depreciation, and £4.4m in International…
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