News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Oct- 2023 -18 October
New Look losses widen to £88m despite healthy revenues
New Look has suffered a statutory loss before tax of £87.8m in its full-year results, down from £25.5m in FY22, despite total revenues increasing to £844.7m in the period, up from £839.6m last year. The group’s gross margin also increased 2.7% in the year to 45.8% due to considered price…
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18 October
Sosander to open first physical stores in 2024
UK fashion brand Sosandar is set to launch its first set of bricks and mortar stores in Spring 2024 after seeing continued growth in the market. The brand stated that the opening of the new stores will open up 60% of the £55bn annual clothing market in the UK that…
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18 October
Cake Box sales rise 6.2% in H1
Cake Box has reported that trading was in line with expectations in the first half of the year, with a 6.2% increase in LFL sales for the six months to 30 September, an improvement against the -1.6% reported for the same period the previous year. The cake retailer said that…
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17 October
John Lewis Partnership unveils new lifestyle brand
The John Lewis Partnership has unveiled Made With Care, the first design for a new lifestyle brand that will be curated with designers and creators who have grown up in the care system. A year since the Partnership used its biggest platform – the annual Christmas advert – to help…
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17 October
Arne opens pop-up shop at Liverpool One
Arne, the popular online men’s and women’s contemporary clothing and footwear brand, has officially welcomed customers to its second bricks-and-mortar activation at Liverpool One. Bringing its lucrative online brand to a physical format for the second time, Arne occupied a 3,500 sq ft unit in Liverpool One, from 14 to…
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17 October
THG maintains guidance following steady Q3
THG has maintained its full-year revenue and EBITDA guidance after welcoming its best quarterly revenue performance in the last year. Q3 revenues were still down by 4.4% against the prior year, but its performance improved each month in the quarter. The group also returned to positive constant currency revenue growth…
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17 October
Grocery sales stabilise helped by supermarket loyalty scheme discounts
Total Till sales at UK supermarkets experienced sustained growth (+9.1%) in the last four weeks ending 7 October 2023, according to new data released today by NIQ. This growth, although slightly down from +10.1% growth in the previous month, is in line with retail food inflation (+9.9%). Volume sales also…
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17 October
Fred Perry reports record year as profits surge
British heritage brand Fred Perry has reported a “record year” as its profit before tax increased by 34% to £15.6m for the 12 months to 31 December 2022. Its revenues also increased by 20.8% year on year to £135.7m. Fred Perry said that 2022 saw a more stable year after…
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17 October
Frasers Group acquires Germany retailer SportScheck
Frasers Group has announced that it has entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the leading sports retailers in Germany. The acquisition will enable Frasers to grow its presence in Germany, one of the biggest sports markets in Europe and…
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17 October
Shoe Zone revenues rise 6.1% in FY23 despite store closures
Shoe Zone group revenues rose by 6.1% to £165.7m in the year ended 30 September, despite the retailer trading out of 37 less stores than in FY22. The group attributed the increase to strong H2 trading, particularly in peak summer and its key back to school period. As a result,…
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