News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Jun- 2024 -27 June
Currys adjusted PBT rises 10%
Currys has revealed that its group adjusted profit-before-tax rose 10% year-on-year to £118m, for the year ended 27 April 2024. However, its like-for-like revenue in the UK and Ireland fell 2% and adjusted EBIT fell to £142m, a 16% drop YOY. Despite this, its adjusted EBIT was up over £2m…
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27 June
Watches of Switzerland EBITDA falls 11% amid 2% rise in group revenues
Watches of Switzerland has reported a 11% decline in adjusted EBITDA amid a 2% rise in group revenues to £1.5bn at constant currency for the 52 weeks ended 28 April 2024. Its US sales increased 11% to £692m, while its UK and Europe sales dipped by 5% to £846m, impacted…
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27 June
Quiz renews bank facility amid weakened UK sales
Quiz has renewed its £4m bank facility for a further 12 months to 30 June 2025, as sales within the UK have continued to be impacted by the ongoing cost-of-living pressures since the year ended on 31 March. As of yesterday (26 June), the fashion retailer had net borrowings of…
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27 June
Moonpig sees FY sales and profits rise amid tech investments
Moonpig has seen both sales and profits rise in its full-year results, which the group has attributed to “extraordinary” customer loyalty brought on by its investments in technology.In the year ended 30 April 2024, revenues rose by 6.6% to £341.1m, up from £320.1m the prior year, while adjusted profit-before-tax rose…
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26 June
Today’s news in brief
Former BHS owner Dominic Chappell has been ordered to pay at least £50m by a High Court judge for the losses incurred by the high street chain before its collapse. Chappell, who bought BHS for £1 from Philip Green, faces charges from liquidators for wrongful trading, misfeasance, and breach of…
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26 June
New West End appoints new communications and campaigns director
New West End Company, the business partnership representing 600 UK and international retailers, restaurateurs, hoteliers, galleries, and property owners, has announced the appointment of Nathan Parsad-Wyatt as director of communications and campaigns. In this newly established role, he will report to chief executive Dee Corsi, focusing on strategic communications while…
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26 June
Sharps Bedrooms acquires Clever Closet
Sharps Bedrooms, the fitted furniture company, has revealed it has completed a deal to acquire Clever Closet for an undisclosed sum. Set up in 2010 by founder Paul Jacob, Clever Closet provides fully fitted under stairs storage and loft solutions across the UK. Jacob will continue to support the business…
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26 June
Dominic Chappell ordered to pay £50m over BHS collapse
Former owner of BHS Dominic Chappell has been ordered to pay at least £50m to cover the losses incurred by the high street chain prior to its collapse, according to the Financial Times. A High Court judge has ruled that Chappell, who acquired the business for £1 from Phillip Green,…
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26 June
Revolution Beauty returns to profit after ‘challenging’ two years
Revolution Beauty has returned to profit in its latest full-year results, as the group reaped the benefits of its ongoing strategic plan to focus on core product categories. In the year ended 29 February 2024, profit-before-tax hit £11.4m, up from a loss of £33.9m the prior year. Revenues rose slightly over…
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26 June
ProCook sees revenues and profits rise in FY24
ProCook has reported underlying PBT of £1m and total revenues of £62.6m, up 0.4% for the 52 weeks ended 31 March 2024. According to ProCook, this growth reflects improved gross margins and “strong cost discipline” despite significant inflationary cost pressures. Although LFL revenue decreased by 2.0% YoY, the group’s LFL…
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