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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Feb- 2025 -18 February
Shein chairman says growth ‘remains strong’ despite tariff woes
Shein’s executive chairman, Donald Tang, has reportedly reassured shareholders that the company’s growth “remains strong”, even after the US removed duty-free status for low-value ecommerce packages from China and increased tariffs, according to Reuters. This change has raised concerns about Shein’s business model, with some analysts suggesting that both Shein…
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18 February
THG Studios appoints new senior vice president
Creative agency THG Studios has appointed Richard Aldiss as senior vice president, to spearhead growth. His appointment will see THG Studios build on its growth in 2024, which saw the agency craft campaigns for the likes of Toblerone, ASDA, Disney, and Sky Bet’s The Overlap, along with the launch of…
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18 February
Tesco appoints new wine product development manager
Tesco has announced that Beth Kelly, a Master of Wine (MW), has joined the supermarket’s wine team as wine product development manager. Previously a buying manager at Majestic Wine, Kelly will be responsible for France and South Africa across both still and sparkling wines. With over 20 years of experience in…
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17 February
Today’s news in brief-17/2/25
Marks & Spencer has reinforced its international operations with three senior hires to drive its global growth strategy. Manish Kapoor, formerly of Pepe Jeans, joins as Managing Director for M&S India, while Victoria Jones, ex-Clarks executive, steps into the role of International Commercial Director. Richard Davies, previously Head of Category…
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17 February
Aston Villa Football Club to open new store at Bullring
Aston Villa Football Club has selected Bullring to launch a new store set to open in May 2025. Located on Bullring’s lower level east, the 10,000 sq ft store will be spread across two floors and showcase a mix of Aston Villa and Adidas merchandise. The space will feature Adidas’…
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17 February
Crocs FY revenues jump 3.5% to $4.1bn
Global footwear brand Crocs has reported record revenues of $4.1bn (£3.2bn), an increase of 3.5%, during the year ended 31 December 2024. The performance was aided by a strong fourth quarter which saw consolidated revenues of $990m (£786m), an increase of 3.1%, or 3.8% on a constant currency basis. Direct-to-consumer…
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17 February
Capri Holdings appoints new chief brand and product officer
Global fashion luxury group Capri Holdings has announced the promotion of Philippa Newman to chief brand and product officer, effective immediately. In this expanded role, Newman will oversee all product and marketing functions. She will continue reporting directly to John D. Idol, chairman and CEO of Capri Holdings and Michael…
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17 February
West End loses out on £640m in sales due to tourist tax, NWEC says
West End retailers have reportedly lost around £640m in sales last year due to the lack of tax-free shopping for international tourists, according to New West End Company research. The losses rose by 60% last year from £400m in unrealised sales in 2023, and impacted some 600 businesses in the…
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17 February
John Lewis partners with Rough Trade to introduce vinyl records
John Lewis has partnered with music retailer Rough Trade to introduce a selection of vinyl records in stores and online. The new vinyl assortment is a curated selection of old and modern classics including albums from artists including Nirvana, Radiohead and Marvin Gaye. The selection also includes more modern artists…
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17 February
M&S bolsters global team with new senior appointments
Marks and Spencer has bolstered its international business with three senior appointments to its global leadership team.Manish Kapoor joins from Pepe Jeans as the new managing director for M&S India, while Victoria Jones joins as the International commercial director, having moved from Clarks. Finally, Richard Davies has been promoted to…
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