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 -6 May
Zalando revenues rise 7.9% to €2.4bn in Q1
Zalando has seen its revenues grow by 7.9% to €2.4bn (£2bn) during the first quarter of 2025. Gross merchandise volume (GMV) for the group increased 6.5% to €3.5bn (£2.9bn) while adjusted EBIT rose to €46.7m (£39.7m) representing a margin of 1.9% and up 0.7%. Within the B2C growth vector, the…
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6 May
Co-op and M&S face continued cyber attack disruption
Co-op and Marks and Spencer are both still dealing with the aftermath of cyber attacks which hit them last week. Co-op has warned of ongoing product shortages as it continues to battle the “sustained” cyber attack, particularly in fresh categories such as fruit, vegetables, meat and dairy. The retailer confirmed…
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6 May
WH Smith buyer faces year-long ban from mass store closures
The new owner of WH Smith’s high street chain has effectively been banned from enacting widespread store closures for at least 12 months following the acquisition of the chain in March. According to Sky News, WH Smith would have the right to cancel a year-long transitional services agreement (TSA) with…
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2 May
Today’s news in brief-2/5/25
Apple reported a 5% year-on-year revenue increase to $95.4bn in Q2 2025, surpassing analyst expectations. Earnings per share rose 8% to $1.65, driven by strong iPhone sales ($46.8bn), Mac computers ($7.9bn), and iPads ($6.4bn). CEO Tim Cook highlighted double-digit growth in services and Apple’s 60% reduction in carbon emissions over…
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2 May
Space NK owner explores sale
Space NK owner Manzanita Capital has reportedly kicked off a formal sales process of the beauty chain, a year after it initially appointed bankers to handle a sale, according to Sky News. The outlet reported that any deal could see a price tag of between £300m-£400m, however it is thought…
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2 May
End appoints former Prada and Givenchy boss as new CEO
Streetwear retail brand End has announced the appointment of Sebastian Suhl, former chief executive of Prada and Givenchy, as its new CEO. Suhl joins End with an extensive retail career spanning 25 years, and steps into his new role following the departure of current CEO Parker Guerdson on 1 May…
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2 May
Apple revenues jump 5% to $95bn in Q2
Apple has seen its revenues increase by 5% YoY to $95.4bn (£71.7bn) during the second quarter ended 29 March 2025. The tech giant also reported earnings-per-share of $1.65 (£1.24), up 8% YoY. The results exceeded analysts expectations which predicted revenues of $95.3bn (£71.6bn). During the quarter, sales of iPhones hit…
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2 May
Co-op instructs staff to keep cameras on amid cyber attacks
Co-op has instructed staff to keep their cameras on during remote work meetings, as a way to verify all attendees following a cyber attack at the group, the BBC has reported. An internal email was sent to the 70,000 employees of the supermarket, funeral service, and insurance group, urging them…
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2 May
Shein considers US restructure as tariffs derail London IPO
Shein is reportedly exploring ways to restructure its US business in an attempt to get around the US tariffs on China, putting its London IPO in question, according to reports from the Financial Times. The fast-fashion company’s US business will come under heavy strain when a tax exemption known as…
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2 May
Harrods latest retailer to face cyber attack
Harrods has become the latest retailer to be targeted by cyber attacks, only days after Marks and Spencer and the Co-op were similarly targeted. The luxury department store confirmed it has “restricted internet access” in an attempt to fend off the attack, and according to Sky News, is engaging specialists…
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