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 -22 May
Revolution Beauty enters formal sales process
Revolution Beauty has announced the beginning of a formal sales process after it received a preliminary approach from an unnamed…
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22 May
Poundland slashes guidance as H1 sales worsen
Pepco Group, the owner of Poundland, has slashed its full-year guidance for the discount chain as trading remained “challenging” in…
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21 May
Inflation jumps to 3.5% in April
Inflation increased to 3.5% in April, according to the latest figures for the Office for National Statistics (ONS), which it…
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21 May
Asda plans to offload 20 stores in £400m deal to raise cash
Asda is reportedly set to sell around 20 supermarket stores in a bid to raise £400m as it aims to…
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21 May
JD Sports pre-tax profits drop 4% to £923m in FY25
JD Sports has seen its pre-tax profits and adjusting items drop 4% to £923m during the year ended 1 February…
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21 May
M&S warns of £300m profit hit following cyber attack
Marks and Spencer has reported its highest profits in over 15 years, with pre-tax profits up by 22.2% to £875.5m…
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20 May
Topps Tiles sees interim HY sales and profits boost
Topps Tiles has seen its interim sales and profits improve over the 26-week period ending 29 March 2025, amid “good…
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20 May
Law firm files class action lawsuit against M&S following data breach
A Scottish law firm has launched a class action legal case against Marks and Spencer after customers’ personal data was…
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20 May
Nike to axe jobs in technology division
Nike is downsizing its technology division and laying off some of its employees, according to Bloomberg News. A representative from…
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20 May
Greggs sales surge 7.4% to £784m
Greggs has reported a 7.4% increase in total sales to £784m (2024: £730m) for the 20 weeks of 2025, driven…
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