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 -25 April
UK retail sales rise 0.4% in March
UK retail sales volumes increased by 0.4% in March 2025, following a rise of 0.7% in February 2025, the ONS revealed. According to the latest figures, clothing and outdoor sales were boosted by good weather although supermarket sales fell partly. However, during the month volumes were down by 0.3%, compared…
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25 April
TOFS places hundreds of jobs at risk under new revival plans
Nearly 1000 jobs at The Original Factory Shop (TOFS) reportedly could be at risk as the company embarks on a survival plan which hinges on widespread rent cuts, according to Sky News. Modella Capital, the new owner of TOFS, has reportedly drawn up plans to renegotiate rents at 88 of…
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25 April
Kering revenues plummet to €3.9bn amid Gucci sales decline
Luxury retail group Kering has reported a 14% drop in revenues to €3.9bn (£3.31bn) in Q1 2025 as its flagship brand Gucci saw sales decline by 24% to €1.6bn (£1.37bn). Gucci’s revenues from its directly operated retail network declined by 25% amid low store traffic, while wholesale revenue fell by…
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24 April
Today’s news in brief-24/4/25
Chancellor Rachel Reeves is reviewing the Low Value Import scheme, which allows goods under £135 to enter the UK tariff-free, amid concerns over Chinese companies flooding the market with cheap products. Major retailers like Next, Currys, and Sainsbury’s have warned that such imports could undercut UK businesses. The potential reform…
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24 April
Trumps trade war rocks consumer confidence, BRC finds
Consumer expectations in the UK dropped significantly to -48 in April, down from -35 in March, according to the latest BRC-Opinium data. The data was collected days after US president Trump announced worldwide tariffs, between 4 and 7 April. The personal financial situation worsened to -16 in April, down from…
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24 April
Asos H1 losses narrow amid turnaround despite sales dip
Asos losses narrowed to £69.5m in the first half of the year, down from a loss of £120m the prior year, the “strongest sign” its new commercial model is working, according to the group. Despite the narrowed losses, sales were down by 13%, driven by continued annualising declines in old…
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24 April
Mori unveils first-ever acquisition with Kidly deal
Baby clothing brand Mori has made its first-ever acquisition with the purchase of UK-based children’s retail brand Kidly, for an undisclosed sum. Founded as a curated marketplace for modern families, Kidly has become known for its own-label range, Kidly Label, particularly its jelly shoes, which have sold over 250,000 units…
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24 April
Chancellor mulls ending tariff-free import scheme to combat Chinese dumping
Chancellor Rachel Reeves is considering ending the Low Value Import scheme, which currently allows online retailers to bring goods worth up to £135 into the country without paying customs duties. The move comes as the UK prepares for an influx of Chinese companies dumping stock for cheap as a result…
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24 April
Charles Tyrwhitt FY turnover rises 13.6% to £305.8m
Charles Tyrwhitt has reported that its turnover increased by 13.6% to £305.8m in the year to 3 August 2024, of which 45% was derived in the UK and 55% in the USA, Germany and Australia. The retailer of men’s apparel and accessories attributed its performance to “a generally helpful economic…
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24 April
Temu strengthens commitment to quality assurance with Eurofins Consumer Products Testing partnership
Temu, the international e-commerce platform, is strengthening its product safety and compliance measures through a partnership with Eurofins Consumer Product Testing and Eurofins Assurance, leading global providers of testing, inspection, and certification services. This collaboration aims to support transparency in Temu’s product safety processes, enhance quality control and ensure that…
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