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- 2023 -14 July
Dr Martens wholesale revenues continue to decline in Q1
Dr Martens has reported that since the start of this financial year, its wholesale revenues have been lower year-on-year across all regions, which the group stated has been in line with expectations. This also included the impact of the strategic decision to reduce EMEA online retailer supplies and cease sales…
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14 July
Zalando, About You and Yoox Net-A-Porter expand climate initiative for second year
About You, Yoox Net-A-Porter and Zalando are expanding their ‘Fashion lead for climate’ initiative for the second year in a row. Launched in 2022, the platform supports fashion brands in measuring their own carbon footprints and setting targets that align with climate science. Brand partners of the three online retailers…
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14 July
Nisa expands delivery service with Just Eat partnership
Nisa has partnered with Just Eat to launch an on-demand online delivery partnership, increasing access “to quick convenience shopping in communities throughout the UK”. According to Nisa, through the tie-up, its shoppers will be able to order items from local Nisa participating stores “for speedy delivery in as little as…
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14 July
Burberry sales jump 18% as China trade rebounds
Burberry has welcomed a strong first quarter of trading as store sales rose by 18% to £589m, largely driven by a strong recovery in Mainland China, where sales rocketed 46% in the period. Aside from recovery in Mainland China, where trade benefited from the end of Covid-19 related lockdowns last…
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13 July
Currys and Samsung partner for tech recycling initiative
Currys and Samsung UK have teamed up to offer customers unique discounts on selected products when they trade-in any unwanted tech with the retailer. The promotional event means Currys customers can get between 10-15% off on over 390 Samsung products when they trade-in any old electrical item this July. The…
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13 July
Oh Polly partners with all-electric courier Packfleet
Global fashion retailer Oh Polly has announced a partnership with all-electric courier Packfleet to provide London-based shoppers with carbon-free deliveries. The collaboration will see clothes delivered straight to customer’s doorsteps through the courier’s cutting-edge technology, aided by its live map tracking, which updates customers on their parcels’ every step. On…
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13 July
Mango sales surge 20% in H1
Mango, the Barcelona-based global fashion company, has revealed its turnover jumped 20% to €1.45bn (£1.24bn) in the first six months of the year. The performance comes as the company’s online sales increased almost 10% compared with the same period the previous year. Up until 30 June, the company’s online business…
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13 July
MusicMagpie sees EBITDA rise 7.7% in H1
MusicMagpie has reported adjusted EBITDA of £2.8m, up 7.7% in H1 2023 compared with £2.6m in H1 2022, according to its interim results for the six months ended 31 May 2023. It also stated that following a challenging start to H1, with postal strikes and low consumer confidence impacting December…
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13 July
Watches of Switzerland profits jump 23% to £155m
Watches of Switzerland has posted a 23% increase in profits to £126m, up to £155m, for the year ended 30 April 2023. The increase comes amid a 25% increase in revenues to £1.5bn compared with £1.2bn in 2022. For the UK and Europe specifically the retailer posted revenues of £890m…
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13 July
Co-op appoints Debbie White as new chair
Co-op has appointed Debbie White as its new designated chair, to be effective when Allan Leighton steps down from the role in February 2024. White brings a wealth of business and commercial experience, having held a series of significant and complex executive roles, including group chief executive of Interserve and…
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