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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Feb- 2025 -20 February
Tapestry agrees to sell Stuart Weitzman brand for $105m
Luxury retail group Tapestry has entered into a definitive agreement to sell the Stuart Weitzman brand to Caleres, a portfolio…
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20 February
Very Group HY profits rebound despite sales drop
The Very Group has returned to profitability posting a pre-tax profit of £6.1m for the 26 weeks ended 28 December…
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20 February
UK consumer confidence drops to new low in February
UK consumer confidence slipped to a new low of -37 in February, amid the worsening state of the economy. According…
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20 February
Quiz appoints administrators, 200 jobs lost
Quiz has confirmed it has called in administrators, in a move that will result in the closure of 23 “loss-making…
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19 February
Today’s news in brief-19/2/25
Inflation in the UK reached its highest level in 10 months, hitting 3% in January 2025, up from 2.5% in…
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19 February
ProCook to open new store in Centre:mk
ProCook has announced that it will open a new store in Milton Keynes’ Centre:mk on 21 February. Set to open…
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19 February
Inflation hits highest level in 10 months
Inflation hit 3% in January, its highest level in 10 months, as air fairs, new private school fees and the…
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19 February
UK retail CEO appointments fall sharply as female leadership halves
UK retail CEO appointments dropped by 20% in 2024 to just 22, continuing a decade-long decline in leadership appointments within…
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19 February
Furniturebox returns to profit as FY sales rise 20% to £25m
Furniturebox has reported a profit of £612,288 for the year ended 31 July 2024, as sales in the period rose…
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19 February
Club L London turnover doubles to £44m in 2024
Fashion retailer Club L London is targeting international expansion after turnover doubled to £44.4m during the year ended 31 March…
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