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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Sep- 2023 -15 September
Mytheresa sales rise by 11% to €768.6m in FY23
German luxury fashion retailer Mytheresa has reported a net sales year-on-year increase of 11.4% to €768.6m (£659m) for the period…
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15 September
H&M net sales edge up 6% in Q3
H&M has revealed that its net sales rose 6% to SEK 60bn (£4.3bn) for the three months ended 31 August…
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15 September
TikTok shop partners with CommerceHub to boost in-app shopping
Tik Tok Shop has partnered with CommerceHub, a provider of software solutions connecting supply, demand, and delivery for retailers and…
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15 September
Pepco Group CEO steps down
Pepco Group has confirmed that Trevor Masters has stepped down as CEO of the company with immediate effect. Andy Bond,…
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15 September
Johnstons of Elgin profits fall 15% in FY22
Scottish luxury cashmere retailer, Johnstons of Elgin, has revealed that its profit before tax dropped by 15.3% to £3.3m in…
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14 September
Nike Rise to open concept store in Birmingham
Nike will open its first ever Nike Rise concept store in Birmingham at Bullring and Grand Central, reflecting the strategy…
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14 September
Footasylum opens new 10,000 sq ft store in Essex
Streetwear and sportswear retailer, Footasylum, has opened its new 10,000 sq ft store in Lakeside Shopping Centre, Essex, and will…
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14 September
Lidl swings to loss despite revenues rising to £9.3bn
Lidl has reported a loss before tax of £75.9m despite seeing an 18.8% increase in its revenues to £9.3bn in…
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14 September
THG guidance remains unchanged despite losses widening
THG Group has reiterated that its adjusted EBITDA guidance for FY23 remains unchanged, despite its disposal of loss-making assets widening…
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14 September
John Lewis losses narrow in H1
The John Lewis Partnership has revealed that its losses before tax fell 41% to £59m for the 26 weeks ended…
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