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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Apr- 2025 -30 April
Burberry kickstarts search for new chair
Burberry has kicked off the official search for a new chairman to replace Gerry Murphy, Sky News has revealed. According to insiders, Murphy, who also chairs Tesco, is not expected to step down this year but exact timings have not been decided yet. The news comes as last summer Sky…
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29 April
Today’s news in brief-29/4/25
Primark reported a 1% rise in sales to £4.47bn in the first half of the year, with adjusted operating profit up 8% to £540m. However, UK and Ireland sales fell by 4% due to cautious consumer spending and mild autumn weather affecting seasonal purchases. The retailer’s market share in the…
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29 April
Food inflation rises alongside labour costs
Food inflation increased to 0.1% in April, against a decline of -0.4% in March, as prices rose alongside increased labour costs, according to the latest figures from the British Retail Consortium (BRC). It comes as non-food inflation increased to -1.4% year-on-year in April, against a decline of -1.9% in March.…
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29 April
Adidas beats Q1 expectations but remains cautious as tariffs loom
Adidas has delivered better-than-expected Q1 results but warned tariffs will eventually cause higher costs for all its products for the US market. The group’s revenue was up 13% to €6.1bn (£5.2bn) and operating profit surged by 82% to €610m (£517.8m), reflecting an operating margin increase of 3.8 percentage points to…
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29 April
Primark UK sales fall 4% in H1 as US and Europe boost growth
Primark’s sales grew by 1% to £4.47bn in the first half of the year, with adjusted operating profit up 8% to £540m, as weaker UK and Ireland sales were offset by growth across the US and Europe. In both the UK and Ireland, sales fell by 4% despite good like-for-like…
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29 April
Gymshark clears £600m revenue barrier for first time
Gymshark has revealed that it posted revenues of £607.3m for the year ended 31 July 2024, surpassing the £600m mark for the first time. This figure was an increase of 9% from the £556.2m it posted in the previous year, marking the 12th consecutive year of growth for the company.…
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29 April
Vinted profits triple in FY24 as revenues soar 36%
Vinted Group has seen its profits triple in FY24, as net profit soared by 330% to €76.7m (£65.1m), while revenues rocketed 36% to €813.4m (£690.5m) during the financial year. The group also significantly strengthened its financial position, reporting adjusted EBITDA of €158.9m (£134.9m), compared with €76.6m (£65m) the prior year. …
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29 April
THG revenues rise 1.1% to £1.8bn in FY24
THG has seen its revenues rise by 1.1% year-on-year to £1.8bn in the year to 31 December 2024, while its pre-demerger adjusted EBITDA hit £123.1m in line with guidance and consensus. It comes as, during 2024, THG completed its Ingenuity demerger, joined the FTSE 250 index, and refinanced its long-term…
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28 April
Today’s news in brief-28/4/25
Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain on the board as a non-executive director. Russell Colaco, the current CFO, will take over as CEO, bringing extensive international retail and investment banking experience. The move reflects EG Group’s…
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28 April
Tariffs force Sketchers to withdraw 2025 sales guidance
Sketchers has announced that due to “macroeconomic uncertainty stemming from global trade policies”, the company is not providing financial guidance at this time and is withdrawing its annual 2025 guidance. The news comes as the group reported a 7.1% increase in sales to $2.41bn (£1.81bn) in Q1 2025, as a…
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