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 -4 April
THG completes debt refinancing to 2029
Manchester-based online retailer THG has announced it has completed its debt refinancing arrangement up until December 2029. The news comes as THG revealed it has been undertaking a comprehensive refinancing exercise which includes a partial Amend and Extend of the Term Loan B to extend the maturity of €445m (£376.6m)…
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4 April
New Look to ‘supercharge’ digital growth with £30m investment
New Look has secured a £30m investment from shareholders to accelerate its digital transformation and optimise its online experience for customers. Over the last five years the brand has invested significantly to elevate its digital capabilities: upgrading its website and app, building a social media community of 7m followers, and…
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4 April
Nearly half of all retail staff worked while unwell last year
Nearly half (46%) of retail staff worked while unwell at the end of last year, which is 5% higher than the end of 2023, as fears around job cuts following the autumn Budget’s tax rises took hold. According to the new Retail People Index, published by the Retail Trust and…
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4 April
Carphone Warehouse founder to invest £5m in Jigsaw
Carphone Warehouse co-founder, David Ross, is reportedly investing about £5m in Jigsaw, which will result in him becoming the fashion retailer’s majority shareholder, according to Sky News. The multi-million pound investment comes seven years after Ross’ first cash injection, and it is understood that this financing will see him replace…
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4 April
Very Group expands creative capabilities by launching HelloStudio
The Very Group has announced the launch of HelloStudio, which aims to bring the power of its data-led creative capabilities to external brands. It said the new proposition will provide a multi-channel creative service which taps into the latest technology, offering “bespoke and tailored content that connects brands to their…
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3 April
Today’s news in brief-3/4/25
The Co-op has reported a sixfold surge in full-year pre-tax profits, rising to £161m from £28m the previous year, despite facing over £200m in new headwinds and investment costs. This growth was driven by increased operating profits, which climbed by £34m to £131m, alongside improved returns from Funeralcare plan investments.…
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3 April
John Smedley appoints new managing director
Fashion brand John Smedley has announced the appointment of Jess Mcguire Dudley as managing director, with immediate effect. Previously deputy managing director and global brand director, Dudley is the company’s first managing director from a creative background. She takes over from Ian Maclean MBE, a member of the Smedley family…
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3 April
Currys ups profit guidance after robust peak trading
Currys has announced that it has increased its profit guidance with its adjusted profit before tax expected to be £145-155m ahead of consensus expectations. This comes after the retailer saw its UK and Ireland revenues increase 2% in the 10 weeks ended 4 January 2025, what it considers to be…
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3 April
Co-op FY profits soar sixfold but warns of cost pressures ahead
Co-op has seen its full-year pre-tax profits rise by nearly sixfold, soaring by £133m to £161m, up from £28m the prior year, despite facing over £200m of new headwinds and investment costs across the group. The surge in profits was driven by increased operating profits, which rose by £34m to…
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3 April
Moonpig to hit top-end of FY25 revenue guidance
Moonpig Group expects its revenues to be between £350m and £353m at year’s end on 30 April 2025, with a “stronger than expected” adjusted EBITDA margin, which will be at the top end of its 25% to 27% guidance range. The online retailer of greeting cards and gifts attributed its…
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