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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Jun- 2025 -27 June
Boots sales rise 5% in Q3 amid strong online performance
Walgreen Boots Alliance has reported that its International segment saw sales rise by 7.8% to $6.2bn (£4.5bn) during the third quarter, with Boots UK sales growing 5% and the Germany wholesale business growing 6.8%. The group, which is the parent company of Boots, has seen its third quarter sales rise…
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27 June
Nike posts lowest sales in years as it warns of $1bn tariff hit
Nike has seen fourth quarter revenues fall by 11% to $11.1bn (£8.08bn), its lowest sales figure since Q3 in 2022, as it warned that Trump’s tariffs could cost it an extra $1bn (£730m). In its final quarter, the sportswear retailer also saw net income plunge 86% to $211m (£530.6m). In…
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27 June
Søstrene Grene to open 500 stores amid ‘record’ trading
Danish homewares brand Søstrene Grene is set to expand into Italy and Poland in 2026, as it plans to operate 500 stores by 2027. The news comes on the heels of the group’s strong trading across the UK and wider European markets. According to Søstrene Grene, it expects to deliver…
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27 June
Dotdigital Group acquires influencer, affiliate and referral marketing platform Social Snowball for $35m
Dotdigital Group plc (AIM: DOTD), the leading SaaS provider of customer experience and data platforms (CXDP), has acquired Social Snowball Holdings, Inc., a US-based influencer, affiliate, and referral marketing platform for e-commerce brands, for $35m (£25.5m). The investment brings together two fast growing technologies that until now have been distinct…
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26 June
H&M profits fall in Q2 amid rising costs
H&M has seen its operating profits fall to SEK 5.9bn (£465m) in Q2, down from SEK 7.1bn (£560m) the prior year, as the group was hit by higher costs, store closures and lower sales. Over the period, net sales fell from SEK 59.6bn (£4.59bn) to SEK 56.7bn (£4.37bn) despite a…
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26 June
Moonpig CEO to step down amid strong FY25
Moonpig CEO Nickyl Raithatha is set to step down after seven years in the role following a 12 month notice period, whilst the company also welcomed rising sales in its full-year results. The board has announced that the search for a successor has commenced and Raithatha will continue to lead…
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26 June
Hobbs opens new store at London Bridge station
Hobbs has opened a new store at London Bridge station, marking the fashion brand’s second travel retail site and its 11th shop in the capital. The 1,340 sq ft unit is the 70th Hobbs store across the UK and Republic of Ireland. It includes a free click-and-collect service aimed at…
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26 June
Primark to cut 150 roles as part of restructuring plan
Primark is looking to cut around 150 roles across Ireland, the UK and the US, with most of the redundancies expected at its Dublin head office. The job cuts are part of a restructuring proposal to outsource several support function activities to Mumbai-based Accenture, Primark confirmed. The affected roles are…
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25 June
THG returns to growth in Q2 as nutrition sales rise
Health and beauty retailer THG has reported that trading in the second quarter has been “much improved” across both Beauty and Nutrition, with the categories returning to revenue growth. The Nutrition category is experiencing positive momentum, according to THG, with the second quarter of 2025 seeing revenue growth projected to…
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25 June
ProCook FY sales rise 11% to £70m as it ‘outperforms’ market
ProCook has reported that both full-year sales have soared after “outperforming the market”, with sales rising 11% to £69.5m. The group said its sales result reflects “positive momentum” in both its ecommerce and retail channels over the period. Its retail revenues rose by 10.3%, benefitting from a like-for-like growth of…
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