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The grocers have “emerged from near fatal status and the intensive care ward” and are poised to fight back, a leading analyst has claimed.
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Latest catalogue shopping news
N Brown has issued its second profit warning in six months after “tactical and strategic” price investments.
Findel has agreed to sell its catalogue retailer Kleeneze to Trillium Pond, a subsidiary of US group CVSL, in a deal valued at £3.6m.
The chief executive of Findel, Roger Siddle, is to depart at the end of the financial year and the retailer will reconsider its leadership structure.
Argos has bolstered its growing fashion offer after inking an exclusive deal to stock American clothing brand Cherokee from this summer.
Findel has turned its first pre-tax profit during the first half of its year for six years despite revenues remaining broadly flat.
Catalogue shopping analysis
Other companies could learn a thing or two from Philip Maudsley’s 27 years at Findel, which has involved a turnaround in the last three years.
With the World Cup on our screens this summer we examine retailers preparations and expectations for the world’s biggest football event.
Catalogue shopping comment
Next posted £695m pre-tax profit to the end of January, bucking the trend of flat or declining growth faced by many retailers.
Next’s full-year figures showed that the fashion powerhouse remains a pastmaster in multichannel retailing.