All City & finance articles – Page 76
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NewsZalando sales and profits slow against ‘challenging economic backdrop’
Online fashion giant Zalando has said it will focus on growing its profitability this year after sales slowed against a “challenging economic backdrop” in 2022.
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NewsIn The Style sold following strategic review
Online fashion retailer In The Style is to be sold for £1.2m after a strategic review.
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NewsGreggs sales and profits rise on back of ‘good strategic progress’
Greggs has reported a strong full-year performance after making “good strategic progress” and record store openings.
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NewsTed Baker owner ABG joins race to buy boots brand Hunter
The owner of Reebok and Ted Baker has joined the race to buy Royal Warrant-holding Wellington boot brand Hunter, according to Sky News.
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NewsJohn Lewis puts golf course on market to cut costs
The John Lewis Partnership has put a 200-acre golf course up for sale as part of a drive to cut costs.
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NewsPrimark trades ‘well ahead of expectations’ as footfall climbs
Value fashion giant Primark “traded very well” in the first half, parent company ABF has reported.
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NewsLush in legal dispute with former CEO over shares transfer
Investment firm Silverwood Brands, headed by former Lush chief executive Andrew Gerrie, has accused the cosmetics retailer of failing to acknowledge a 19.8% transfer of shares.
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NewsShein projects doubling of revenues by 2025
Fast fashion retailer Shein has predicted its revenue will more than double to reach almost $60bn (£49.8bn) by 2025.
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NewsCath Kidston owner considering sale
Cath Kidston may be up for sale for the second time in less than a year.
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NewsBoohoo unveils new growth plan as it chases £5bn market cap
Pureplay fashion giant Boohoo has unveiled a new growth share plan in the wake of a “significantly decreased market capitalisation”.
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NewsMorrisons’ credit rating downgraded by Moody’s
Morrisons’ credit rating has been downgraded by Moody’s following poor sales and profits.
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Opinion‘Does Tile Giant administration signal the end of the DIY boom?’
After a phenomenally busy period when everybody became Handy Andy or Andrea and painted the walls rather than climbed them during the depressing days of lockdowns, things are looking trickier as the consumer mentality shifts from DIY to done-IY.
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NewsAdidas warns of ‘significant’ impact on profits as it counts cost of Yeezy fallout
Adidas has warned it could take a €1.2bn (£1.06bn) hit in revenues and swing to a loss this year if it chooses not to sell its remaining Yeezy stock.
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NewsArcadia pensions secured in £850m deal with Aviva
Members of bust fashion giant Arcadia Group pension schemes have had their benefits secured following a deal between trustees and insurance and pensions giant Aviva.
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NewsExclusive: Tycoon Paphitis reports strong Christmas in store and brands’ return to profit
Entrepreneur Theo Paphitis, owner of Ryman, Robert Dyas and Boux Avenue, revealed a Christmas sales uplift across the board and a return to the black for key brands.
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NewsGousto slashes valuation after securing millions in additional funding
Meal-kit delivery service Gousto has reportedly cut its valuation after raising tens of millions of pounds in extra funding to help it through a difficult economic period.
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AnalysisAnalysis: Where next for Amazon as profits slump and sales stall?
While revenue growth continues and expectations continue to be exceeded, seemingly all is not well at Amazon. With jobs being slashed and profits falling, where next for retail’s biggest giant?
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NewsM&Co snapped up by Yours Clothing owner AK Retail Holdings
M&Co has been bought out of administration by the Peterborough-based business AK Retail Holdings, which owns Yours Clothing, Long Tall Sally, BadRhino and maternity brand Bump It Up.
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NewsSuperdry boss Dunkerton denies plans for a buyout
Superdry boss Julian Dunkerton has dismissed rumours he is seeking deals to take the brand private.
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NewsPets at Home ups profit outlook as Christmas sales rise
Pets at Home has increased FY2023 profit guidance by £5m following strong Christmas trading and has appointed a new chief consumer officer.