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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Nov- 2022 -7 November
Footfall declines 7.5% in week after half-term
Footfall across UK retail destinations declined by -7.5% last week, following a rise of +8.2% in the week before last during the school half term holiday week, according to Springboard. The gap from the 2019 footfall level widened to -9.8% last week from -9% in the week before last indicating…
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7 November
Made.com expected to fall into administration this week
Made.com is reportedly expected to enter administration early this week (7 November) after failing to find a buyer. According to reports it is thought that fashion retailer Next is the current frontrunner to acquire the Made brand name, with PwC set to oversee the sale of its intellectual property. The…
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7 November
Mamas & Papas revenues jump 17% in H1
Mamas and Papas has reported that its revenues grew 17% in the six months to September, with the group’s continued expansion of its UK retail space driving “strong” sales growth despite a challenging environment for consumers. The group posted sales of £126m in its last full financial year ended 27…
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7 November
N Brown appoints new director of design
N Brown Group has announced the appointment of Helen Low as the group’s new director of design. Low, who is currently head of design at Joules, will join on 21 November 2022. The appointment is in line with existing succession plans for the group’s current director of design, Neil Hendy,…
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7 November
Joules explores CVA as trading lags behind expectations
Joules has announced it is exploring a possible CVA after trading continued to soften in recent weeks, as it continues to work alongside Interpath Advisory to explore a number of options to secure the group’s future. As part of its turnaround plan, the group also advanced discussions with a number…
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7 November
Puma appoints new CEO
Puma has announced the appointment of Arne Freundt as its new CEO and chairman of the management board. The news comes as Freundt reportedly received a contract for four years, effective from 1 January 2023, as Bjørn Gulden’s mandate as member of Puma’s management board is set to expire at…
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4 November
Browns MD steps down
Browns has announced that managing director of five years, Paul Brennan, has stepped down to take on a new role at Marc Jacobs. At Marc Jacobs, Brennan will take on the role of managing director, EMEA. Stephen Eggleston, Farfetch’s group EVP of commercial, will be taking on overall leadership for…
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4 November
Bensons for Beds re-opens Eve Sleep’s UK website
Bensons for Beds has re-opened evesleep.co.uk less than three weeks after it bought eve Sleep’s brand and intellectual property. As it revealed in October, Eve Sleep is being retained by Bensons as a standalone brand. Returning in time for the key trading period, it said the website includes its six…
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4 November
Under Armour lowers sales outlook amid ‘challenging environment’
Under Armour has lowered its sales outlook despite seeing its revenues increase 2% to $1.6bn (£1.4bn) in the second quarter of 2022 ending September 30. Wholesale revenue increased 4% to $948m (£844m) and direct-to-consumer revenue decreased 4% to $577m (£514m) dollars due to a 9% decline in owned and operated…
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4 November
DFS order volumes recover in September
DFS has reported that its order volumes have grown relative to FY22 and the pre-pandemic financial year since early September, following the group’s full year result announcement on 15 September. It is reported that the retailer’s overall performance is in line with its mid case scenario of around £36m in…
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