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 -13 February
Shein to look to Vietnam to avoid Trump tariffs
Shein has asked some of its Chinese suppliers to set up production capacity in Vietnam in a bid to bypass…
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13 February
Birkenstock FY turnover rises 25% to £59.8m amid store expansion
Birkenstock has reported that its turnover rose 25.1% to £59.8m in the year ended 30 September 2024, thanks to a…
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13 February
Bluestar Alliance acquires Palm Angels
Global brand management firm Bluestar Alliance has announced the acquisition of Palm Angels luxury streetwear brand. The acquisition follows Bluestar…
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13 February
Economy unexpectedly grows by 0.1% in Q4
Britain’s economy unexpectedly grew in the final quarter of 2024, according to new figures from the Office for National Statistics,…
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13 February
Tesco commits to 1,500 apprenticeships by 2027
Tesco has pledged to expand its Stronger Starts Apprenticeship programme, providing 1,500 apprenticeship opportunities for young people by 2027, following…
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12 February
Today’s news in brief-12/2/25
Kering, the luxury conglomerate behind Gucci, Yves Saint Laurent, and Bottega Veneta, reported a challenging fiscal 2024, with revenue falling…
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12 February
Sephora to open new store in Manchester Arndale
Sephora has signed a 10-year lease to occupy a 7,300 sq ft space at the Manchester Arndale shopping centre later…
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12 February
Dr. Martens names former John Hardy CEO as one of two new NEDs
Dr. Martens has announced the appointments of Robert Hanson and Benoit Vauchy as non-executive directors of the company with effect…
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12 February
ASA bans Next ad for promoting ‘unrealistic’ body image
The Advertising Standards Agency (ASA) has banned a Next ad for “power stretch denim leggings” which showcased an “unhealthy thin”…
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12 February
Gucci sales slump drags down Kering FY performance
Kering, which owns brands such Gucci, Yves Saint Laurent and Bottega Veneta, has reported a 29% drop in EBITDA to…
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