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 -7 February
Watches of Switzerland ‘on track’ amid strong festive performance
Watches of Switzerland has announced it remains “on track” to hit its FY25 targets, as its Q3 performance was in…
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6 February
Today’s news in brief-6/2/25
Tesco is reportedly considering a takeover of over 100 Crown Post Office branches, potentially safeguarding them from closure as the…
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6 February
Metrocentre sees 9.2% footfall increase in 2024
Metrocentre has announced a “record-breaking” year as it saw a 9.2% year-on-year footfall increase in 2024. During the year, the…
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6 February
BoE cuts interest rates to 4.5%
The Bank of England (BoE) has voted to cut interest rates from 4.75% to 4.5%, the lowest level since June…
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6 February
EU Commission launches probe into Shein amid import crackdown
The European Commission has launched a probe into Shein as part of a crackdown against a flood of cheap e-commerce…
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6 February
Pandora profits up 13% as it prioritises jewellery
Pandora has seen its EBIT rise 13% to £890m in its FY24 as a result of its ‘Phoenix strategy’ pushing…
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6 February
Tesco mulls takeover of Crown Post Office branches
Tesco is reportedly eyeing a potential takeover of more than 100 Crown Post Office branches across the UK, in a…
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6 February
Asda recruits former Matalan CEO as non-exec director
Asda has announced the appointment of Jo Whitfield, the former CEO of Matalan, to the role of non-executive director. Until…
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6 February
M&S backs Starmer’s bid for closer EU relations
M&S has backed Keir Starmer’s call for closer ties with the EU and an end to “Brexit bureaucracy”, The Telegraph…
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5 February
Today’s news in brief-5/2/25
A Welsh fashion designer has taken Boohoo, and its affiliated brands PrettyLittleThing, Nasty Gal Limited, Misspap, and Debenhams, accusing it…
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