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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May- 2025 -30 May
Capri Holdings revenues fall by 15% to $1bn in Q4
Versace owner Capri Holdings saw its revenues fall by 15.4% to $1bn (£742m) in the fourth quarter ended 29 March. It comes as net losses widened to $645m (£478m), up from a net loss of $472m (£350m) the prior year. Gross profit also fell to $631m (£468m) and gross margin…
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30 May
Aldi to open 10 new stores this summer
Aldi is set to open 10 new stores over the next 14 weeks, while a further 30 stores will undergo a refresh. The UK’s fourth-largest supermarket, which now has more than 1,050 stores, will open new locations in Oldbury in the West Midlands, Fulham Broadway in London and Brighouse in…
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30 May
Asda Q1 revenues fall 5.9% to £5bn
Asda has seen its total revenues fall 5.9% year-on-year to £5bn, excluding fuel, for the first quarter to 31 March, but revealed that it is seeing “green shoots” in its sales performance. While like-for-like sales during the period declined by 3.1%, this represents a 1.1% improvement on the fourth quarter…
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30 May
Lidl, Halfords and The Range repay staff over minimum wage breach
Lidl, Halfords and The Range are among a number of UK companies named and shamed by the Department for Business and Trade for paying some workers less than minimum wage between 2015 and 2022. Lidl failed to pay £286,437.18 to 3,423 workers, Halfords failed to pay £140,829.79 to 4,341 workers…
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29 May
Shein shifts focus to Hong Kong listing after London IPO stalls
Shein is reportedly pivoting towards a listing in Hong Kong after a proposed IPO in London hit a roadblock from Chinese regulators, sources have told Reuters. The retailer is said to be looking to file a draft prospectus with Hong Kong’s stock exchange in the coming weeks, with plans to…
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29 May
Dr. Martens appoints Adidas VP as chief brand officer
Footwear brand Dr. Martens has appointed Carla Murphy as the company’s new chief brand officer (CBO) to lead the company’s global brand organisation. Murphy will assume her new role at Dr. Martens on 1 July 2025 and will be based in London. In her new role, she will be responsible…
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29 May
Frasers closes in on ailing Norwegian sportswear giant takeover
Frasers Group has confirmed that it is close to assuming a controlling stake in Norwegian sportswear company XXL ASA, but has warned that it may not be able to save the company. The group has confirmed that should its offer be accepted it will control 92% of the company’s share…
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29 May
Abercrombie and Fitch sales hit $1.1bn in Q1
Abercrombie and Fitch has reported that first quarter sales have risen by 8% to $1.1bn (£817m) sales in the period ended 4 May. The company saw sales growth across all regions, with Americas up 7%, EMEA up 12% and APAC up 5%. The performance was mostly led by Hollister, which…
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29 May
US trade court blocks Trump’s tariff changes
The US Court of International Trade has deemed Donald Trump’s tariff changes “illegal”, which could see the president’s controversial global trade policy get blocked. According to the New York-based trade court, an emergency law initiated by the White House did not grant the president the sole power to levy tariffs…
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28 May
M&S appoints ex-Coles exec Thinus Keeves as retail director
M&S has announced it has appointed former Coles executive Thinus Keeves to the newly created role of retail director. Keeves, who will start on 6 June, will report to operations director Sacha Berendji. Berendji will continue to have overall accountability for Retail, Property, Security and Business Continuity. Keeves joins the…
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