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
BNPL borrowers set to receive new protections under FCA proposals
Buy now pay later (BNPL) customers would benefit from similar protections to other types of lending under new proposals from the Financial Conduct Authority (FCA). The draft rules would require lenders to assess affordability and offer support if borrowers fall into financial difficulty. BNPL users would also be able to…
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18 July
Superdrug promotes Simon Comins to COO
Superdrug, has announced that it has promoted Simon Comins to the role of chief operating officer. Comins has been with Superdrug for 38 years, having joined the business at just 15 years old as a part-time worker in his local Superdrug store. In his most recent role as chief commercial…
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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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