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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Aug- 2025 -5 August
Asda in talks over £400m property deal with Blue Owl Capital
Asda is reportedly in advanced discussions to sell around 20 stores to US investment firm Blue Owl Capital in a deal worth approximately £400m, according to Sky News. The sale-and-leaseback transaction would see the Leeds-based supermarket retain control of the sites while raising funds to support its ongoing turnaround efforts.…
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5 August
Network Rail sees retail sales hit record £915m in 2024/25
Network Rail has reported that its 19 managed stations saw retail sales rise by a “record” 8.7% to £914.7m in 2024/25, driven by growth and convenience outlets. During the period, like-for-like sales rose 5.8%, with London Waterloo generating £107.5m and London Bridge £100.1m, making them the first two stations in…
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5 August
Puma appoints Andreas Hubert as chief operating officer
Puma has appointed Andreas Hubert as its new chief operating officer (COO), effective 1 September 2025. Hubert, will join Puma’s management board, which will expand to five members.As COO, Hubert will oversee global sourcing operations, including sustainability and product development, as well as IT and logistics. The new board role…
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5 August
David Beckham collab helps Hugo Boss sales inch up in Q2
Hugo Boss has revealed its currency-adjusted group sales increased 1% to €1.02bn (£871.4m) during the second quarter of the year, as its collaboration with David Beckham helped boost its Boss Men division. It comes as the partnership helped currency-adjusted revenues for Boss Menswear jump 5% in the second quarter, which…
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5 August
Morrisons profits hit £2.1bn after trimming 3,600 roles last year
Morrisons has revealed that it cut 3,600 jobs as it returned to profit for the first time since its private equity takeover in 2021. According to accounts filed with Companies House, the company posted a pre-tax profit of £2.1bn for the year ended October 2024, compared to a loss of…
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5 August
British shoppers drive surge in EU VAT-free spending after UK scheme scrapped
British spending on VAT-free shopping in the European Union (EU) has risen more than fivefold since 2021, as consumers increasingly choose to buy luxury goods abroad rather than in UK stores, according to the Times. New figures from the Association of International Retail (AIR) show that Britons spent £742m in…
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5 August
River Island restructuring in question after landlord rebellion
A High Court judge will decide the future of River Island this week after a rescue plan for the company did not secure full support from its landlords and lenders. According to The Telegraph, River Island is looking to shutter 33 stores, slash rents on a further 71 shops and…
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5 August
Naked Wines FY losses narrow to £4.9m
Naked Wines has narrowed its statutory pre-tax loss by 70%, from £16.3m to £4.9m, for the year ended 31 March. This comes despite the specialised wine retailer’s revenues falling 14% to £250.2m during the period, which was reportedly in line with management expectations. Meanwhile, adjusted EBITDA – excluding costs from…
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4 August
Amazon promises quieter deliveries with new drone trial
Amazon has told Darlington Council that its drones will make less noise than delivery vans as it looks to gain permission for a trial of drone delivery. According to reports from The Telegraph, documents submitted to the council by Amazon claim the drone noise “is likely to be marginally less…
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4 August
THG announces strategic Myprotein partnership in South Korea
THG has announced a licensing partnership in South Korea with SG Safety Corporation, a distribution and business development division of CJ Group, to bring MyProtein to the region. This agreement will bring the nutrition brand to offline channels for the first time, as well as a number of new online…
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