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 -25 April
Hobbycraft set to close nine stores
Hobbycraft is set to close nine stores, a move affecting up to 126 jobs, as part of a restructure led…
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25 April
John Lewis Partnership appoints new CFO
The John Lewis Partnership has announced that Andy Mounsey has been appointed as chief financial officer. Mounsey will take up…
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25 April
Topshop to return to high streets through wholesale partners
Asos has signed agreements with a selection of wholesale partners to put Topshop back on the high street, the group…
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25 April
UK retail sales rise 0.4% in March
UK retail sales volumes increased by 0.4% in March 2025, following a rise of 0.7% in February 2025, the ONS…
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25 April
TOFS places hundreds of jobs at risk under new revival plans
Nearly 1000 jobs at The Original Factory Shop (TOFS) reportedly could be at risk as the company embarks on a…
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25 April
Kering revenues plummet to €3.9bn amid Gucci sales decline
Luxury retail group Kering has reported a 14% drop in revenues to €3.9bn (£3.31bn) in Q1 2025 as its flagship…
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24 April
Today’s news in brief-24/4/25
Chancellor Rachel Reeves is reviewing the Low Value Import scheme, which allows goods under £135 to enter the UK tariff-free,…
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24 April
Trumps trade war rocks consumer confidence, BRC finds
Consumer expectations in the UK dropped significantly to -48 in April, down from -35 in March, according to the latest…
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24 April
Asos H1 losses narrow amid turnaround despite sales dip
Asos losses narrowed to £69.5m in the first half of the year, down from a loss of £120m the prior…
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24 April
Mori unveils first-ever acquisition with Kidly deal
Baby clothing brand Mori has made its first-ever acquisition with the purchase of UK-based children’s retail brand Kidly, for an…
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