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.
-
Jan- 2025 -24 January
Burberry revenues slide 7% in Q3
Burberry has seen its revenues drop by 7% year-on-year to £659m for the 13 weeks ended 28 December 2024. The group’s comparable store sales were also down 4% in the period. Regionally, EMEIA and Asia Pacific saw a 2% and 9% decline respectively. EMEIA’s sales were impacted by a decline…
Read More » -
24 January
Morrisons to axe hundreds of roles as part of cost-cutting plans
Morrisons is set to cut more than 200 roles from its Retail People Team, in the same week that Sainsbury’s also announced widespread cuts across the business in order to shore up costs. As part of the cost reduction plan, Morrisons is proposing to remove the roles of regional people manager,…
Read More » -
24 January
White Stuff sales soar by 20% over Christmas period
White Stuff has reported that sales soared by more than 20% over the Christmas period, with trading underpinned by strong knitwear demand and “record” new customer growth.In the 10 weeks to 4 January, total sales increased 21.8% year-on -year, bolstered by strong e-commerce sales which were up by 32.5%, while…
Read More » -
23 January
Today’s news in brief-23/1/25
Primark has revised its sales forecast for 2025 downwards following a challenging autumn trading period in the UK and Ireland. The company reported a 6% decline in like-for-like sales in these regions, largely attributed to cautious consumer sentiment and mild weather affecting seasonal clothing purchases. Despite a modest recovery during…
Read More » -
23 January
Bloom Perfumery relocates to bigger location in Covent Garden
London’s Bloom Perfumery has relocated within Covent Garden to a larger location within The Yards. Accommodating the brand’s significant growth and popularity, Bloom Perfumery’s new flagship store is triple the size of its previous site. The perfumery selected The Yards’ 2,900 sq ft 4 Slingsby Place site, relocating from Langley…
Read More » -
23 January
Sainsbury’s to axe 3,000 roles and shut cafes and counters
Sainsbury’s is set to axe 3,000 roles across the business as part of restructuring plans that aim to “simplify” its central divisions and management structures.As part of its three-year Next Level strategy, there will be a 20% reduction in management roles, while it is also set to close its remaining…
Read More » -
23 January
Wickes hails progress in gender and ethnicity pay gap report
Wickes, the home improvement retailer, has revealed it has continued to build gender and ethnicity equality at every level in the business as part of its Gender and Ethnicity Pay Gap Report for 2024. It said there has been an improvement in the median Gender Pay Gap which has reduced…
Read More » -
23 January
Primark lowers FY guidance amid weak UK autumn trading
Primark has lowered its sales outlook for 2025 after the UK reported weak sales amid a “challenging retail environment” over the autumn period. In the UK and Ireland, which accounted for 45% of trading, like-for-like sales fell by 6% in the 16 weeks to 4 January 2025. In the UK…
Read More » -
23 January
Rituals breaks €2bn revenue barrier
Rituals has announced that it posted revenues of €2.1bn (£1.78bn) in 2024 driven by an organic growth of 21% across all sales channels and countries. Alongside this, the company opened 241 stores across the world, an average of 5 stores per week. Key highlights include the opening of its first…
Read More » -
23 January
THG hits FY expectations despite Q4 sales decline
THG has reported a decline in Q4 sales across some divisions, but remains on track to meet full-year expectations having officially completed the demerger of Ingenuity. For the period ended 31 December 2024, THG experienced a 2.6% fall in revenues to £552.4m. While MyProtein sales fell by 5% in Q4,…
Read More »
