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- 2025 -3 June
Northern Ireland’s Abbey Centre sold to new owner for £59m
Abbey Centre in Northern Ireland has been sold by NewRiver to The Herbert Group of Companies in an off market deal for £58.8m. The 320,000 sq ft shopping centre, located six miles north of Belfast City Centre in Newtownabbey, houses over 70 shops and has a “strong” convenience offer, together…
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3 June
Cotswold Outdoor Group to launch new retail media network
Cotswold Outdoor Group is set to launch a new retail media network in partnership with Zitcha, a unified retail media platform that allows retailers to build and scale their retail media networks. According to the group, it’s the next step in its strategy to deliver a “best-in-class, omnichannel retail experience…
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3 June
M&S CEO’s pay hit £7.1m before cyber attack
M&S has revealed in its annual report that its CEO Stuart Machin took home £7.1m in pay for the year ended 29 March 2025, up from £5.1m the year before. The pay packet was made up of an £843,000 base salary and a £1.63m bonus alongside £4.6m in performance related…
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2 June
Retail footfall rises 7% as shopping centres see improved performance
Footfall rose by +7% week-on-week in all UK retail destinations last week driven by a +12% rise in shopping centres and was followed by rises of +5.6% and +4.5% in high streets and retail parks, respectively, according to the latest figures from MRI Software. Smaller centres drove much of last…
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2 June
John Lewis bosses face calls to bring back bonuses
The John Lewis Partnership is facing calls to reinstate staff bonuses, having last paid out bonuses in FY22, as it looked to turnaround the business in recent years. According to The Financial Times, some workers have now shared an open letter and launched a petition through Organise calling on bosses…
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2 June
Three arrests made in connection with St James Retail Park fire
Police officers have made three arrests in connection with a fire at a Dunelm store at the St James Retail Park in Northampton. The emergency services were called to the store off Towcester Road just after 3pm on 31 May 2025. Road closures were put in place and fire crews…
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2 June
Burberry pays CEO £2.6m amid turnaround and widespread job cuts
Burberry has revealed that it has paid new CEO Joshua Schulman almost £2.6m in his first nine months in charge despite widespread job cuts at the company. In recent months Burberry announced plans to cut 1,700 jobs worldwide by 2027, including removing the entire night shift of 170 people at…
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2 June
Tesco to trial shorter trading hours at Express stores
Tesco is reportedly looking to close a selection of its convenience-format stores an hour earlier than usual, according to The Telegraph. This potential change is said to be due to a £235m increase in staff costs following adjustments to National Insurance contributions, which came into effect in April. As a…
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May- 2025 -30 May
Discounters win out as grocery sales growth slows to 3% after Easter
Total Till sales growth slowed to +3% at UK supermarkets in the last four weeks ending 17 May 2025, following +9.6% recorded last month following a boost in Easter sales, according to new data released by NielsenIQ (NIQ). NIQ said the lower growth rate is a “reset” as shoppers reign…
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30 May
Capri Holdings revenues fall by 15% to $1bn in Q4
Versace owner Capri Holdings saw its revenues fall by 15.4% to $1bn (£742m) in the fourth quarter ended 29 March. It comes as net losses widened to $645m (£478m), up from a net loss of $472m (£350m) the prior year. Gross profit also fell to $631m (£468m) and gross margin…
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