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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Mar- 2025 -27 March
H&M Q1 profits drop amid ‘external market pressures’
H&M has seen its operating profit drop 42% to SEK 1.2bn (£95m) for the three months ended 28 February 2025,…
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27 March
Foot Locker appoints new president
Foot Locker has announced that Franklin R. Bracken, currently executive vice president and chief commercial officer, has been appointed to…
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27 March
Next raises outlook as FY profits top record £1bn
Next has reported that pre-tax profits have risen by 10.1% to £1bn for the first time in its history, with…
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27 March
Lakeland becomes latest bid target for Modella Capital
Homewares retailer Lakeland has become the latest takeover target of retail investor firm Modella Capital, Sky News has revealed. The…
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27 March
Campaign urges Next, M&S and JD Sports to pay real living wage
The likes of Axa and Scottish Widows are backing campaign group ShareAction in its effort to make major high street…
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26 March
Today’s news in brief-26/3/25
John Lewis is close to securing approval for its housing project in Reading, transforming a former customer collection facility into…
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26 March
Chancellor resists calls for business relief in Spring Statement
Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part…
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26 March
Frasers ups stake in AO World to 25%
Mike Ashley’s Frasers Group has revealed it has increased its stake in fashion retailer Brown to 25.01%, according to the…
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26 March
Inflation ‘unexpectedly’ falls to 2.8% in February
Inflation unexpectedly fell to 2.8% in February in much welcome news for the chancellor ahead of the Spring Statement later…
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26 March
Virgin Wines targets £100m revenues through ‘turbocharging’ growth plan
Virgin Wines has unveiled plans to “turbocharge” its growth and deliver £100m in annual revenue over the next five years…
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