Retail Sector
The Retail Sector provides daily updates, insights, and in-depth articles specifically tailored for professionals in the UK retail industry.
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Global
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United Kingdom
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Business and Consumer Services/Business and Consumer Services
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Articles
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1 day ago |
retailsector.co.uk | Liam Moran
B&M has appointed former Tesco executive Tjeerd Jegen as its new CEO, effective 16 June 2025. Jegen brings 25 years of retail experience from companies including Ahold Delhaize and Woolworths. Chair Tiffany Hall praised his strategic insight and customer-centric approach. Despite a 3.1% drop in UK like-for-like sales to £4.5bn for the year ending March 2025, B&M plans to open 45 new UK stores in 2025 and expects adjusted EBITDA to exceed the midpoint of its £605m-£625m guidance range.
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1 day ago |
retailsector.co.uk | Liam Moran
B&M has announced the appointment of Tjeerd Jegen as its new chief executive officer. You'll need to subscribe to unlock this content. Already subscribed? Login? Check out our free weekly podcast Copy URL URL Copied
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2 days ago |
retailsector.co.uk | Liam Moran
Luxury fashion brand Burberry has announced plans to cut up to 1,700 jobs globally following a challenging financial year. The company reported a £3m loss, a sharp decline from last year’s £418m profit, with revenues falling 17% to £2.46bn amid a “difficult macroeconomic backdrop.” The restructuring, part of the ‘Burberry Forward’ strategy, aims to save £100m annually by FY27, focusing on streamlining operations and rebalancing product offerings.
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2 days ago |
retailsector.co.uk | Liam Moran
Wickes has announced that its group revenues have risen 6.9% to £533.1m during the 17 weeks ended 26 April 2025. You'll need to subscribe to unlock this content. Already subscribed? Login? Check out our free weekly podcast Copy URL URL Copied
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2 days ago |
retailsector.co.uk | Heather Sandlin
Burberry has warned it could cut up to 1,700 roles globally as part of a new cost-cutting drive, after the group fell to a £3m loss in its full-year results, down from a profit of £418m the prior year. In the year ended 29 March 2025, revenues plummeted 17% to £2.46bn, down from £2.97bn in FY24, as the luxury brand dealt with a “difficult macroeconomic backdrop” and a global slowdown in luxury goods purchasing. You'll need to subscribe to unlock this content. Already subscribed? Login?
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