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- 2024 -9 October
Today’s news in brief-9/10/24
Shein’s UK arm reported robust financial results for 2023, with revenues climbing 38% to £1.55bn and pre-tax profits doubling to…
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9 October
Charles Tyrwhitt to open new shop in Trafford Centre
Formal menswear brand Charles Tyrwhitt is set to open a new shop in Trafford Centre in November. The new 1,776…
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9 October
Aldi invests over £30m to support dairy farming
Aldi has announced plans to invest over £30m in dairy farmers over the next three and a half years, through…
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9 October
Primark to open US flagship in Manhattan
Primark is set to open its first Manhattan store in New York City as it continues its US expansion. The…
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9 October
Revolution Beauty H1 sales fall 20% amid portfolio shake-up
Revolution Beauty has reported that total net sales fell by 20% to £72m in the first half ended 31 August,…
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9 October
Gucci appoints new CEO
Kering has announced that Stefano Cantino has been appointed as the new CEO of Gucci, replacing Jean-François Palus, from 1…
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9 October
Angling Direct revenues rise to £45.8m
Angling Direct, the fishing equipment retailer, has announced a 5.6% increase in revenues to £45.8m for the six months ended…
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9 October
Shein’s UK profits double as sales hit £1.55bn in 2023
Shein’s UK arm has seen revenues rise by 38% to £1.55bn in the year ended 31 December 2023, up from…
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8 October
Hobbs to upsize Victoria Leeds flagship store
Hobbs has announced that it is upsizing its shop in Victoria Leeds relocating from Victoria Quarter to a 30% larger…
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8 October
Very Group owners to appoint banks ahead of potential £2.5bn sale
The owners of the Very Group, the Barclay family, have reportedly appointed banks as they eye a £2.5bn sale of…
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