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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Jan- 2025 -15 January
Asos to shut US distribution centre to help boost profitability
Asos is set to close its US distribution centre and instead fulfill its US orders from the UK, as part…
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15 January
The Entertainer appoints new COO
Teal Group, the parent company of the UK’s leading toy retailer, The Entertainer, has announced the appointment of former John…
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14 January
Today’s news in brief-14/1/25
JD Sports adjusted its profit expectations for FY24 to £915m-£935m, down from an earlier forecast of £955m-£1bn, citing challenging market…
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14 January
Historic Partridges store in Chelsea to close in February
Partridges, the independent family-run food store, has announced that after 53 years in Chelsea, it will be closing its fine…
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14 January
The Very Group sales rise 2.3% in run-up to Christmas
The Very Group retail sales rose 2.3% year-on-year during the seven weeks to 27 December 2024. Excluding Nike, Very UK…
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14 January
Card Factory revenues rise 4.7% over Xmas period
Card Factory has revealed that total revenues rose by 4.7% in line with expectations in November and December, thanks to…
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14 January
Brunello Cucinelli revenues surge to €1.27bn
Brunello Cucinelli has reported a 12.1% rise in FY revenues to €1.27bn (£1.07bn), thanks to “very positive sales” throughout the…
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14 January
Authentic Brands Group names Matt Maddox as president
Authentic Brands Group, a global brand development and licensing platform valued at $20bn (£16.3bn), has announced the appointment of Matt…
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14 January
Ocado retail revenues rise 17% amid boost in active customers
Ocado has revealed that its retail revenue rose 17.5% to £715.8m for the 13 weeks ended 1 December 2024. Alongside…
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14 January
JD Sports lowers FY guidance after ‘challenging’ winter
JD Sports has lowered its full-year guidance after it struggled with a “challenging and volatile” market over the Christmas period. …
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