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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Apr- 2025 -10 April
Tesco warns of lower profits amid rise in price competition
Tesco has warned of lower profits in the coming year, following a rise in the “competitive intensity” across UK supermarkets over the last few months. In its latest preliminary results, it has forecast profits for FY 25/26 to be between £2.7bn and £3.0bn, down from the £3.13bn that has been reported…
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10 April
JD Sports FY PBT to meet expectations
JD Sports has revealed that it expects its FY26 profit-before-tax to be in line with analysts expectations at £920m, but has warned that the year will be “challenging” due to market volatility and tariffs. The retailer also expects its total revenue to grow around 10% due to the impact of…
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9 April
Today’s news in brief-9/4/25
Boots UK reported a 1.6% sales increase in Q2, with comparable retail sales up 5.1% year-on-year across all categories. Pharmacy sales rose 5%, while online sales surged 19.5%, now accounting for over 20% of total retail sales. Parent company Walgreens Boots Alliance saw global Q2 sales grow 4.1% to $38.6bn…
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9 April
Michael Kors UK FY revenues fall 20% amid lower demand
Michael Kors UK has seen a 20% reduction in its revenues during the year ended 30 March 2024, following the impact of low consumer confidence. While the brand’s filings at Companies House showed that its turnover decreased from £77.1m to £70.8m in the 12-month period, its pre-tax profits jumped from…
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9 April
Victoria’s Secret appoints Savage X Fenty chief designer as new SVP
Victoria’s Secret has announced the appointment of Adam Selman, chief design officer of Savage X Fenty, as its new SVP, executive creative director, effective 14 April. In his new role, Selman will report directly to the group’s chief executive officer Hillary Super. He is a visionary creative leader and designer…
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9 April
Chancellor rejects calls for ‘Buy British’ campaign
Chancellor Rachel Reeves has rejected calls for a “Buy British” campaign in the face of tariffs from president Donald Trump, claiming it would risk making the UK appear too “inward-looking”. Reeves was responding to a question from Daisy Cooper MP of the Liberal Democrats in the House of Commons to…
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9 April
Boots UK sales see 1.6% uptick in Q2
Boots UK sales have risen by 1.6% in the second quarter of trading, as owner Walgreens Boots Alliance saw Q2 sales rise 4.1% year-on-year to $38.6bn (£30bn).Boots UK comparable retail sales rose by 5.1% against the prior year, with growth reported across all categories. Elsewhere, comparable pharmacy sales increased 5%…
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8 April
Today’s news in brief-8/4/25
Levi Strauss & Co reported a strong start to 2025, with Q1 sales rising 3% to $1.5bn (£1.17bn) and adjusted EBITDA surging 47% to $204m (£159m), exceeding expectations. Direct-to-consumer revenues grew 9%, while wholesale sales increased 3%. The Levi’s brand saw an 8% global organic growth, with the Americas up…
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8 April
Lush to pass on Trump tariffs to US consumer as its losses widen
Cosmetics retailer Lush has revealed it is set to pass on the effects of Donald Trump’s tariffs to its US consumers as it looks to navigate a difficult trading environment, which has seen its group losses before tax increase 52% to £42.6m. According to its latest accounts on Companies House,…
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8 April
Primark to double footprint at White Rose Leeds
Primark has announced that it is set to double its presence at White Rose Shopping Centre in Leeds from from 26,200sq ft to 55,700sq ft. The expansion commenced this week (7 April) and is expected to be completed by 2027. The value retailer follows in the footsteps of JD which…
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