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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May- 2025 -22 May
Revolution Beauty enters formal sales process
Revolution Beauty has announced the beginning of a formal sales process after it received a preliminary approach from an unnamed company. On 13 May the beauty retailer said that it was reviewing its funding structure and in light of this is exploring discussions in respect of support for an equity…
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22 May
Poundland slashes guidance as H1 sales worsen
Pepco Group, the owner of Poundland, has slashed its full-year guidance for the discount chain as trading remained “challenging” in the first half of the year. Poundland is now expected to deliver underlying EBITDA of around €0m to €20m (£0 – £17m) in FY25, compared with previous guidance of €50m…
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21 May
Inflation jumps to 3.5% in April
Inflation increased to 3.5% in April, according to the latest figures for the Office for National Statistics (ONS), which it blamed on a “significant increase” in household bills. The 12-month inflation rate for housing and household services was 7.0% in April 2025, up from 5.1% in March. On a monthly…
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21 May
Asda plans to offload 20 stores in £400m deal to raise cash
Asda is reportedly set to sell around 20 supermarket stores in a bid to raise £400m as it aims to generate more cash for the business, according to the Telegraph. The news comes amid reports first published by Green Street News, that Asda plans to offload the stores and lease…
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21 May
JD Sports pre-tax profits drop 4% to £923m in FY25
JD Sports has seen its pre-tax profits and adjusting items drop 4% to £923m during the year ended 1 February 2025, due largely to the group’s continued investment in infrastructure, controls and security. Without adjusting items, profits before tax fell 11.8% to £715m during the financial year. However, the retailer…
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21 May
M&S warns of £300m profit hit following cyber attack
Marks and Spencer has reported its highest profits in over 15 years, with pre-tax profits up by 22.2% to £875.5m in its full-year results, but has warned it faces a £300m hit to next year’s profits amid ongoing disruption from a major cyber attack. In the year ended 29 March…
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20 May
Topps Tiles sees interim HY sales and profits boost
Topps Tiles has seen its interim sales and profits improve over the 26-week period ending 29 March 2025, amid “good progress” in its five key growth areas. It reported that adjusted sales increased 4.1% to £127.8m, with an improving trend across the first and second quarters. Adjusted gross profit was…
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20 May
Law firm files class action lawsuit against M&S following data breach
A Scottish law firm has launched a class action legal case against Marks and Spencer after customers’ personal data was stolen following a major cyber attack. Thompsons Solicitors said it has received an “avalanche” of enquiries following Marks and Spencer’s confirmation that customer data had been stolen through the attack.…
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20 May
Nike to axe jobs in technology division
Nike is downsizing its technology division and laying off some of its employees, according to Bloomberg News. A representative from the retailer explained that the company is set to move some of its work in its technology arm to third-party vendors. However, it was not specified how many employees are…
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20 May
Greggs sales surge 7.4% to £784m
Greggs has reported a 7.4% increase in total sales to £784m (2024: £730m) for the 20 weeks of 2025, driven by store expansion and product innovation. Its like-for-like (LFL) sales in company-managed shops also grew by 2.9%, with improved performance in the last 11 weeks supported by better trading conditions.…
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