News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Jan- 2022 -21 January
The Works H1 sales rise 30.6% to £116.1m
The Works has announced its revenues increased by 30.6% to £116.1m in the 26 weeks ending 31 October 2021 (H1 FY22), up year-on-year from £88.9m and 17.9% from pre-pandemic levels (H1 FY20). The group has also reported Pre IFRS 16 Adjusted EBITDA of £2.5m for the period, compared to £1.5m during…
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21 January
N Brown EBITDA to come in at lower end as revenues remain flat
Fashion and homeware retailer N Brown has revealed it expects its group revenues to remain relatively flat for FY22, increasing 1.7% to £614.4m. The retailer said this comes in below previous expectations. Despite entering the trading period “well prepared”, and its clothing and footwear continuing its resurgence into Q3, with…
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21 January
December retail sales dented by Omicron
Retail sales across the UK were dampened by the impact of Omicron last month, as volumes of sales fell by 3.7% in December 2021, according to the latest figures from the Office for National Statistics. While this was the largest monthly fall since January 2021, which saw a decline of…
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21 January
Hugo Boss hails 51% rise in sales amid ‘record’ quarter
Hugo Boss has reported its revenues increased year-on-year by 51% to €906m (£757m) in the fourth-quarter (Q4) of 2021, with sales up 55%. The revenue is a 12% increase from pre-pandemic levels, making Q4 FY21 “the most successful one in Hugo Boss’ history”. The company’s pre-tax profits for the full…
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21 January
Signs of footfall return ahead of lifting of Plan B
Increases in footfall are already beginning to be seen after the announcement of the end of Plan B, with footfall on Thursday 20 January up 1.9% on the day previous, and 0.2% on the same day last week, according to the latest figures from Springboard. However, Springboard said that the…
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21 January
Dunelm appoints non-executive director
Dunelm has announced the appointment of Kelly Devine as a non-executive director. Devine will join the board on 1 March 2022, and will be a member of the Audit and Risk, Remuneration and Nominations committees. According to the firm, she is president, UK and Ireland of Mastercard, where she has…
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20 January
Wickes maintains profit expectations with rise in sales
Wickes has reported its sales increased by 14% in the 13 weeks ending 25 December 2021 (Q4) compared to pre-Covid levels, despite a year-on-year fall by 5%. The group continues to report pre-tax profit expectations of £83m, with full year sales up 13.3% compared to the previous year, and up…
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20 January
WH Smith shareholders rebel over CEO bonus
WH Smith has seen its shareholders rebel over its plans to pay its chief executive Carl Cowling a £550,000 bonus, with 46% of the votes at its AGM cast against its remuneration report. The bonus is to go ahead after it received 54% approval, however when taking into account those…
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20 January
Superdry H1 losses narrow despite dip in revenues
Superdry said it has been hit by the continued impact of Covid-19 as well as its move to a full-price trading stance, as revenue fell by 1.9% on a one-year basis and 24.9% on a two-year basis in the half-year ended 23 October 2021. Nonetheless, the fashion retailer ensured that…
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20 January
Primark sales spike 36% to £2.67bn
Primark owner, Associated British Food (ABF), has announced the fashion retailer’s revenues increased by 36% to £2.67bn in the 16 weeks ending 8 January 2022, compared to £2.03bn in the 16 weeks ending 2 January 2021. Total Primark sales this period were 5% lower than pre-Covid levels, and like-for-like sales…
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