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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Apr- 2025 -29 April
THG revenues rise 1.1% to £1.8bn in FY24
THG has seen its revenues rise by 1.1% year-on-year to £1.8bn in the year to 31 December 2024, while its…
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28 April
Today’s news in brief-28/4/25
Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain…
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28 April
Tariffs force Sketchers to withdraw 2025 sales guidance
Sketchers has announced that due to “macroeconomic uncertainty stemming from global trade policies”, the company is not providing financial guidance…
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28 April
Shein rises prices by up to 377% for US consumers ahead of tariffs
Fast fashion retailer Shein has increased its prices by up to 377% on certain products in the US in response…
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28 April
Lidl to invest £500m in store expansion
Lidl has announced that it is set to open more than 40 new stores across the country, investing £500m in…
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28 April
Deliveroo CEO set for £172m payout from DoorDash takeover deal
Deliveroo co-founder and chief executive Will Shu could receive a £172m payout if the board approves a £2.7bn bid deal…
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28 April
Hilco Capital and Endless table offers for Poundland
Several potential buyers have reportedly tabled their offers to acquire Poundland, after the retailer has been hit by struggling sales…
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28 April
Asda co-owner Mohsin Issa steps down as EG Group CEO
EG Group has announced that co-founder Mohsin Issa will step down as chief executive, with current group chief financial officer,…
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25 April
Today’s news in brief-25/4/25
The John Lewis Partnership has appointed Andy Mounsey as its new chief financial officer, effective immediately. Mounsey, who had been…
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25 April
M&S halts online orders amid cyber attack fallout
Marks and Spencer has paused all online orders through both its website and apps following a cyber attack that hit…
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