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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Jun- 2025 -5 June
Dr Martens FY profits fall to £34m as sales drop 8%
Dr Martens has reported that adjusted pre-tax profits fell to £34.1m, or £40.3m on a constant currency basis, down from £97.2m in its latest financial results. Despite this, the group said it is expecting “a return to profit growth” in FY26 as its turnaround strategy progresses. According to the group’s…
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5 June
Consumer confidence hasn’t recovered since Brexit vote, Barclays finds
Consumer confidence reached its highest point in the past 10 years in September 2016, at 48%, just after the Brexit referendum, according to Barclays’ “10 Years of Spend” report. Barclays has been tracking consumer confidence monthly since 2015 and also surveyed 2000 people in the UK for the report, which…
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5 June
Weird Fish revenues and profits surge
British lifestyle clothing and accessories brand Weird Fish has reported “record” results for the year ending 31st December 2024, as its revenues increased 11.4% to £42.6m, and EBITDA increased 110% to £5.38m. The group’s gross profit was also up 27% to £27m as the business focused on physical expansion and…
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5 June
Co-op ‘nearing recovery’ following cyber attack, says CEO
The boss of Co-op has said the company is “nearing recovery” following a major cyber attack earlier this year. In a post on LinkedIn, CEO Shirine Khoury-Haq confirmed that the group’s systems were “now stable”, noting there was “still work to do to unwind the operational and technical impacts of…
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4 June
North Face and Cartier customer data stolen in cyber attacks
North Face and Cartier have become the latest retailers to see customer data breached in cyber attack incidents. VF Corporation, the owner of North Face, wrote to some customers to inform them of “unusual activity” discovered last month, which was investigated “immediately”. It told customers that the attacker could have…
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4 June
Nike appoints Michael Gonda as executive VP and CCO
Nike has announced that it has appointed Michael Gonda executive vice president and chief communications officer of Nike, effective 7 July, 2025. In this role, Gonda will lead the global communications organisation, overseeing all facets of the communications strategy, including storytelling, corporate and brand reputation, issues management, and employee engagement.…
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4 June
Morrisons appoints former BP CMO as new chief marketing director
Morrisons has appointed Claire Farrant, former BP CMO/VP Mobility, as its new chief marketing director, effective 3 June 2025. Prior to BP, Farrant spent 18 years in senior roles in the UK grocery sector – over eight years as marketing director of Lidl UK and almost a decade in a…
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4 June
WH Smith travel sales jump 7% ahead of high street arm sale
WH Smith has reported that its travel business revenues have increased 7% on a constant currency basis during the 13-week period to 31 May. The update follows WH Smith’s sale of its high street estate to Modella Capital on 28 March, meaning that it now identifies as “a pure play…
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4 June
B&M profits slump as inflation hits
B&M has seen its profit-before-tax fall 13.2% to £431m, compared with the £498m it posted in the same period last year. This came as a result of UK inflation, with the company’s UK revenues falling 3.1%, despite its overall group revenue rising 3.7% to £5.57bn. B&M put this revenue increase…
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3 June
Spring heatwave sparks 500% retail sales surge at Debenhams Group
The Debenhams Group, which includes Debenhams, Karen Millen, Boohoo, Man, and PrettyLittleThing, has reported a 500% surge in sales and a 1,000% increase in searches for certain summer products this May, compared with the same month last year, driven by the spring heatwave. New data, which looked at the demand…
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