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- 2024 -16 April
Superdry seeks rent reductions as part of restructuring plan
Superdry has revealed its restructuring plan as it seeks reductions in rent across 39 of its UK stores. Furthermore, the…
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16 April
B&M expects profits to hit top end as revenues jump 10%
B&M has forecast its full-year profits to hit the top end of its previous guidance after it revealed a 10%…
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16 April
Dr Martens CEO to step down as US revenues decline
Dr Martens has revealed that CEO Kenny Wilson will step down this year, as the shoe retailer expects its USA…
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16 April
Sosandar FY revenues rise 9% to £46.3m
Sosandar revenues jumped 9% to £46.3m during the financial year ended on 31 March. The womenswear brand rose from a…
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16 April
George at Asda outperforms market amid strong fashion sales
George at Asda has welcomed “soaring” online growth and in-store fashion sales over the sector’s latest six month-period, as the…
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15 April
Today’s news in brief-15/4/24
Dr. Martens has initiated legal action against online retailer Temu for alleged trademark infringement. Dr. Martens claims that Temu used…
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15 April
Trudon candlemaker to open debut store in Covent Garden
Covent Garden’s Seven Dials is set to welcome heritage candlemaker Trudon for its UK bricks-and-mortar debut. Trudon, the luxury French…
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15 April
GVCA names Dr Hannah Shimko as MD
The Gift Card and Voucher Association (GCVA) has announced the appointment of Dr Hannah Shimko as its new managing director,…
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15 April
The Body Shop to cut tax bill if it exits administration
Administrators for The Body Shop have been working on a deal to cut the firm’s tax bill should it emerge…
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15 April
Charles Tyrwhitt sales jump 45% to £269.2m in FY23
Charles Tyrwhitt’s sales jumped 45% to £269.2m during the 52-week period ended 29 July 2023. The retailer said that the…
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