United Kingdom
UK retail sales pick up slightly in May
UK retail sales rose by a modest 0.7% year-on-year in May, following an April that was hit by an early Easter and poor weather. Online non-food sales appear to have turned the corner, says the BRC
JD Sports announces full year results
The UK-based sportswear retailer has announced its unaudited results for the year 2024, highlighting a strong revenue performance despite a challenging macro environment
US market drags down Dr. Martens full year results
As expected, the weak performance of the US wholesale business largely offset the positive performance of Dr. Martens’ DTC business and contributed to a poor full year result
Burberry full year results hit by slowing luxury demand
The luxury group has reported a decline in both sales and profits amid a slowdown in demand for luxury goods, which particularly affected its performance in mainland China and the US
Pentland Brands names new President for the Americas
The owner of brands such as Speedo and Berghaus has announced that Joe Spies has become the President of the Americas region, succeeding Matt Rock, who stepped down after 19 years with the company
British Footwear Association appoints Richard Shetliffe as CEO
The British Footwear Association (BFA) has appointed Richard Shetliffe as its new Chief Executive Officer. He succeeds Lucy Reece-Raybould, who left the group in January after five years in the role
UK exits recession
The UK has emerged from recession. Official figures show that the economy has grown by 0.6% between January and March, the fastest rate in two years
UK: Poor weather and early Easter weigh on April retail sales
UK retail sales fell by 4 by 4.0% year-on-year in April, against a gain of 5.1% in April 2023. An early Easter and poor weather dampened sales, particularly for clothing and footwear, the BRC said
Clarks CEO steps down
The British footwear label has confirmed that Jon Ram has stepped down as CEO to “pursue other opportunities” after two years in the role
Shein eyes acquisition of Topshop
According to The Sunday Times, Topshop’s owner, Asos, has reportedly attracted interest from several prominent retail companies, including the Chinese fast-fashion giant Shein
Primark reports strong sales growth in the H1
Associated British Foods (ABF) has reported strong sales growth for Primark in the first half of the year, highlighting that the Christmas season helped to offset the impact of a slow start to the cold season
JD Sports announces acquisition of Hibbett
The British sports retailer has proposed to buy the US sportswear retailer Hibbett for around 1.08 billion USD. The move will allow JD Sports to expand its business in the North American country
Harvey Nichols appoints new CEO
The British department store Harvey Nichols has announced the appointment of Julia Goddard as CEO. She joins the company from Alexander McQueen, where she spent 14 years
Asos announces stock reduction ahead of target
The online retailer widened its losses in the first half of its fiscal year, but said its turnaround plan was progressing well, highlighting that it had reduced its stock levels ahead of target
UK retail sales flat in March
The first quarter was a disappointing one for retailers. The latest figures from the Office for National Statistics (ONS) show that both the value and volume of sales in March were unchanged on the previous month-
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