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- 2023 -30 June
Revolution Beauty defends AGM actions as Boohoo dispute continues
Revolution Beauty has defended its actions at its AGM earlier this week, including the firing and rehiring of three top…
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30 June
WH Smith to not open any more high street stores
WH Smith chief executive Carl Cowling has told the BBC that the retailer will not open any more UK high…
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30 June
Nike revenues up 10% to $51bn in FY23
Nike has reported a 10% rise in revenues year-on-year to $51.2bn (£40.62bn) and a 16% rise on a currency-neutral basis…
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30 June
Authentic Brands Group secures $500m investment to fuel growth
Authentic Brands Group, the owner of brands including Reebok and Ted Baker, has secured a $500m (£395m) primary follow-on investment…
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29 June
Sainsbury’s launches Henry Holland partnership for Pride
Sainsbury’s has today announced a partnership with British designer Henry Holland to celebrate Pride Month. The new Henry Holland’s x…
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29 June
John Lewis becomes first retailer to set net-zero targets
The John Lewis Partnership has become the first retailer in the UK to have its “science-based” net-zero targets validated by…
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29 June
Boohoo slams Revolution Beauty as it hands out £3m in shares
Revolution Beauty has handed its directors, including CEO Bob Holt and finance boss Elizabeth Lake, over 11 million shares valued…
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29 June
H&M sales rise 9% in half-year results
H&M has reported a 9% net sales increase to SEK 112.4m (£8.2m) in the first half of the year. Sales…
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29 June
Ted Baker axes 200 jobs amid restructure
Ted Baker has reportedly axed around 200 jobs at its head office amid the start of a new outsourcing model,…
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29 June
Moonpig profits fall to £48m despite sales growth
Moonpig has reported its pre tax profits fell 6.9% to £48.0m in the year ended 30 April, despite seeing a…
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