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.
-
Jun- 2023 -27 June
JD Sports on track to hit £1bn in profits this year
JD Sports has revealed that the headline profit before tax and adjusted items for the year ending 3 February 2024 will be in line with the group’s expected £1.04bn. The board said it also expects that the phasing of the profit in the current year will reflect a “normalised” trading…
Read More » -
27 June
Asos appoints sustainability expert as ESG chair
Asos has announced the appointment of Anna Maria Rugarli as non-executive director and chair of the ESG Committee. Rugarli is a sustainability and CSR expert with more than twenty years of experience working with leaders in global apparel, including Nike Inc. and VF Corporation. She has specialised in creating “innovative”…
Read More » -
26 June
Claire’s appoints new chief merchandising officer
Claire’s has announced the appointment of Claudia Lima-Guinehut as executive vice president and chief merchandising officer. Lima-Guinehut will lead the company’s global merchandising, sourcing, and design strategy as well as the brand’s industry-leading piercing business. With a proven track record of more than 20 years of creating compelling multi-channel product…
Read More » -
26 June
Moncler Group considers in house distribution for Stone Island
Owner and operator of Stone Island, The Moncler Group, is considering taking the brand’s UK distribution in house, Drapers has reported. The news comes as several industry sources have reportedly indicated that the group, which acquired Stone Island in 2020, is thinking about taking the brand’s UK distribution in house…
Read More » -
26 June
Gymshark CCO steps down
Gymshark has announced that its chief commercial officer, Niran Chana, has stepped down from the role after eight years. Chana joined the fitness wear retailer as a customer service manager and has since held positions in the company’s management team, being in charge of the management of merchandising, planning, marketing…
Read More » -
26 June
Primark owner ups FY guidance after strong Q3
Primark owner Associated British Foods has announced that it expects its adjusted operating profit for FY23 to be “moderately ahead of last year” following a period of strong trading in its third quarter. It comes as the group posted overall revenues of £4.7bn for the 12 weeks ended 27 May…
Read More » -
26 June
Debenhams to launch new premium brands division
Debenhams has announced plans to launch a new division for premium brands on its website as it looks to become a “great British digital department store”, according to Drapers. The Boohoo Group-owned brand is set to launch the new premium fashion division on its website later this year and are…
Read More » -
26 June
Frasers Group appoints Mike Ashley as consultant
Frasers Group has appointed founder Mike Ashley as a consultant to the group, as the retailer intends to acquire other companies amid an acquisition spree, The Sunday Times has reported. Frasers currently operates its own shopping centres in Luton and Dundee, with an aim to acquire more outlet centres in…
Read More » -
26 June
Supermarket leaders to be questioned over rising prices
Supermarket leaders are set to be questioned by MPs this week regarding claims they could be profiteering from rising food and fuel prices. According to The Sunday Times, Morrisons CEO David Potts will be among the supermarket bosses to be questioned by MPs on the business committee tomorrow (27 June).…
Read More » -
23 June
Consumer confidence improves by a further three points in June
GfK’s long-running Consumer Confidence Index increased three points to -24 in June. after three measures improved, one was down and one was unchanged in comparison with the previous month. The index measuring changes in personal finances during the last 12 months was up five points at -15; this is eight…
Read More »
