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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Oct- 2025 -1 October
Debenhams creative director departs role to join Wax London
Patrick Duggan has left his role as creative director at Debenhams after more than five years with the wider Boohoo group. Duggan joined in 2020, initially working across Karen Millen and Coast during the Covid-19 pandemic, before moving to Debenhams following Boohoo’s acquisition of the brand. During his time with…
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1 October
Nike Q1 revenues rise but profit dips 31%
Nike has reported a 1% increase in revenues to $11.7bn (£8.68bn) for the three months to 31 August 2025, though profits fell sharply as margins came under pressure. Net profit for the quarter dropped 31% year-on-year to $727m (£539.7m), while gross margin declined 320 basis points to 42.2%. The company…
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1 October
Topps Tiles welcomes ‘record’ year as sales hit £265m
Topps Tiles has welcomed a “record” year of turnover, with full-year sales up by 6.8% to £265m, following a strong trading performance in its second half. This means the group has now achieved record years for sales in four out of the last five years. Including CTD, total group sales…
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1 October
Greggs Q3 sales up 6.1% amid improved August and September
Greggs has revealed that its total sales were up 6.1% for the 13 weeks ended 27 September 2025 due to improved trading in August and September following the heatwaves in July. Alongside this, its company-managed shop like-for-like sales were up 1.5% in the period and up 2.2% in the year-to-date.…
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Sep- 2025 -30 September
Pandora appoints Berta de Pablos-Barbier as new CEO
Pandora has appointed its current chief marketing officer Berta de Pablos-Barbier as its new chief executive officer. The news comes after the group announced the retirement chief executive Alexander Lacik in March 2026 Lacik, who has led the Danish jewellery company since 2019, will step down at the firm’s annual…
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30 September
Søstrene Grene turnover jumps 31% to £314m as UK expansion ramps up
Danish homewares brand Søstrene Grene has reported record turnover for the 2024/25 financial year, with turnover rising 31% from £240m to £314m. Growth was driven by strong international expansion and particularly high performance in the UK, where sales increased 130% year-on-year. Meanwhile, gross profit increased from £91m to £111m, while…
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30 September
UK economy grows 0.3% in Q2 as services and building work lift output
UK gross domestic product grew by an unrevised 0.3% in the three months to 30 June 2025, slowing from 0.7% in the first quarter, with services and construction offsetting a fall in production, according to the latest figures from the Office for National Statistics (ONS). It comes as services rose…
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30 September
Tapi Carpets FY profits almost double to £15.9m
Tapi Carpets has reported that its operating profits rose to £15.9m in the year to 28 December 2024, almost double the £8.1m posted a year earlier, owing to new store openings and the acquisition of former Carpetright outlets. During the period sales increased by 33% to £227m, which was supported…
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30 September
Ikea launches Life at Home services
Ikea has launched a suite of services under a new “Life at Home” banner, expanding into areas beyond furniture retail. The initiative launches with three services available nationwide, including Home Move and Setup, Energy Services, and the Ikea Family Credit Card. The Home Move and Setup service, delivered in partnership…
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30 September
Card Factory profits fall despite revenue uplift
Card Factory has announced that its adjusted profit-before-tax has fallen 46.4% to £7.5m for the six months ended 31 July, compared with £14m in HY25. The company put this down to the timing of efficiency-focused investments including an upgrade to its point of sale till system. Despite this, the group’s…
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