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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Feb- 2025 -21 February
Aldi to invest £67m in existing stores in 2025
Aldi has announced it is set to invest £67m in upgrading its existing stores in 2025. The UK’s fourth largest…
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21 February
Frasers Group withdraws offer for Norway’s XXL ASA
Frasers Group has announced that it will not proceed with its intended voluntary offer for the shares in Norwegian sporting…
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21 February
Birkenstock revenues surge 19% in Q1 FY25
Birkestock has reported a 19% surge in revenues to €362m (£299m) for the first quarter ended 31 December 2024. The…
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20 February
Today’s news in brief-20/2/25
Fashion retailer Quiz has appointed administrators to its subsidiary Zandra Retail, resulting in the closure of 23 loss-making stores and…
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20 February
Dolce and Gabbana opens new store in Covent Garden
Italian luxury and lifestyle brand Dolce and Gabbana has opened a first-of-its-kind combined beauty and accessories store in Covent Garden. …
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20 February
Asda narrows median gender pay gap to 4% in 2024
Asda has reduced its median pay gap between all male and female colleagues from 5% in 2023 to 4% in…
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20 February
Tapestry agrees to sell Stuart Weitzman brand for $105m
Luxury retail group Tapestry has entered into a definitive agreement to sell the Stuart Weitzman brand to Caleres, a portfolio…
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20 February
Very Group HY profits rebound despite sales drop
The Very Group has returned to profitability posting a pre-tax profit of £6.1m for the 26 weeks ended 28 December…
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20 February
UK consumer confidence drops to new low in February
UK consumer confidence slipped to a new low of -37 in February, amid the worsening state of the economy. According…
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20 February
Quiz appoints administrators, 200 jobs lost
Quiz has confirmed it has called in administrators, in a move that will result in the closure of 23 “loss-making…
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