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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Jul- 2025 -31 July
Card Factory opens 1,100th store at Cheshunt retail park
Card Factory has opened its 1,100th high street store in Cheshunt, Hertfordshire, as the greetings card and gift retailer expands its national footprint. The new outlet, based at Brookfield Retail Park, welcomed its first customers on 31 July and has created 12 local jobs. Regional manager Maureen Wheele led the…
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31 July
Knight Frank appointed retail leasing agent for 8 Eaton Lane
Knight Frank’s retail leasing team has been appointed as the exclusive retail and restaurant leasing agent of 8 Eaton Lane in Belgravia. The Grade II listed building was originally designed by Thomas Cundy III to provide serviced residential apartments. Following a restoration and redevelopment it will now be home to…
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31 July
Next ups full-year guidance as Q2 sales rise 10.5%
Next has upped its full-year sales guidance after sales soared by 10.5% in its second quarter, as the group “overperformed” in both the UK and international markets. In the quarter ended 26 July 2025, full price sales were £49m ahead of its original guidance, with the group previously expecting a…
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31 July
Co-op launches ‘on-the-go’ micro store format in UK first
Co-op has announced the opening of its first dedicated ‘on-the-go’ food store in Solihull, in what the retailer describes as a UK-first format aimed at commuters and busy shoppers. The new micro stores are around a quarter of the size of Co-op’s typical convenience branches and will operate with shorter…
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31 July
Virgin Wines beats market expectations despite FY profit fall
Virgin Wines has reported that pre-tax profits fell to £1.6m in the year ended 30 June 2025, down from £1.9m in the previous year. Despite the decline, this was ahead of market expectations by 23.1%. Meanwhile, EBITDA fell to £2.3m, down from £2.8m the prior year, which the group attributed…
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31 July
Asos names new chair as Jørgen Lindemann steps down
Asos has announced the appointment of independent director Natasja Laheij as chair, with effect from its full-year 2025 results, as Jørgen Lindemann prepares to step down from the role. Laheij, who joined the board in April 2023, is currently senior independent director and chair of the audit committee. She has…
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31 July
Pets at Home lowers FY guidance amid subdued market growth
Pets at Home has lowered its FY26 guidance after a subdued first quarter saw a fall in retail revenues, as the group reported there was no growth in the pet retail market over the period. In the quarter ended 17 July 2025, group revenues fell by 1.9% year-on-year to £435m,…
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30 July
Boux Avenue to open store at Manchester Arndale
Lingerie and nightwear retailer Boux Avenue has signed a 10-year lease to open a store at Manchester Arndale, marking the brand’s first location in the North West. The London-based company will occupy a 2,765 sq ft unit on New Cannon Street, close to the forthcoming Sephora store. The store will…
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30 July
Closet London enters liquidation after three decades of trading
British womenswear label Closet London has entered voluntary liquidation after nearly 30 years in business. News comes after directors at the retail group officially appointed insolvency specialists Duncan Coutts and Rupen Patel of Coots and Boots on 21 July to manage the process. Creditors have since ratified the decision, giving…
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30 July
Crocs opens at London Designer Outlet
Crocs has become the latest brand to open at London Designer Outlet (LDO). The new 1,456 sq ft store has been designed with an elevated layout to create an “inviting atmosphere with bold displays and striking fixtures” which showcase the latest seasonal styles from the footwear brand. One of the…
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