Latest finance news
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Ted Baker’s high street presence at risk as administrator plans to close all stores
Ted Baker could disappear from the high street once and for all as administrators gear up to close all its stores in the coming weeks.
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Supermarkets have been cleared in an investigation into loyalty card pricing
The competition watchdog has cleared the grocers having failed to find any widespread evidence of misleading loyalty promotions in the industry.
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Parcel delivery giant Evri has been snapped up by a private equity firm
Parcel delivery giant Evri is set to be sold to private equity firm Apollo.
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Crew Clothing’s sales and profits have surged despite fashion retail battles
Crew Clothing has posted a surge in sales and profits for the 2023 financial year despite the ongoing challenges posed by the cost-of-living crisis.
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Hammerson has posted growth in rental income and ‘capability’ in wake of Bicester Village sale
Hammerson, which owns and operates shopping centres including Birmingham’s Bullring and London’s Brent Cross, has posted a rise in rental income and “increased capacity and capability” after selling its £1.5bn stake in Bicester Village.
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Sephora has delivered ‘exceptional’ growth but LVMH sales and profit take a hit
Sephora has delivered double-digit growth despite parent group LVMH seeing a fall in sales and profit in the six months to June 30, 2024.
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Exclusive: Superdry CTO exits as Dunkerton aims to bolster board with new hires
Superdry boss Julian Dunkerton is rebuilding elements of his top team after its chief technology officer left the business and the search for new board members is underway, Retail Week can reveal.
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Landlord Hammerson sells Bicester Village to LVMH-backed private equity firm
Landlord Hammerson has sold its entire stake in Value Retail, the owner of Bicester Village luxury retail park in Oxfordshire, in a £1.5bn deal, which it said would generate around £600m in cash proceeds.
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Tapi has bought Carpetright but many jobs and stores are still at risk
Carpetright has been rescued from collapse by rival carpet and flooring retailer Tapi – but hundreds of stores are expected to close, leaving many jobs at risk.
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The Body Shop may emerge from administration in August
The Body Shop may come out of administration in August as prospective new owner Auréa takes charge of developing a long-term growth plan.
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The owner of Homebase is mulling a sale after a takeover approach from The Range
Homebase owner Hilco Capital is reportedly mulling a sale of the DIY retailer to The Range after being approached regarding a potential takeover.
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Cotton Traders’ sales and profits have dipped amid ongoing ‘macroeconomic turmoil’
Fashion retailer Cotton Traders has reported a dip in sales and profits for the 2023 full financial year amid ongoing “macroeconomic turmoil”.
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Exclusive: More than half of Carpetright’s stores could be at risk in a Tapi deal
More than half of Carpetright’s stores could be at risk even if they are bought by rival Tapi, Retail Week can reveal.
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Amazon Prime Day UK spend reached ‘record highs’ this year
Amazon Prime Day UK consumer spend across two days saw “record highs” totalling £1.3bn, according to the latest data from Adobe Analytics.
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Dunelm sales have risen driven by a growth in volume
Homewares retailer Dunelm has reported a growth in sales in its last quarter and the full year as sales volumes grew despite uncertain market conditions.
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Frasers has reported increased profit despite sales dip in ‘break-out’ year
Frasers Group has posted profit at the top of its guidance range despite a dip in sales for the 52 weeks ending April 2024.
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Retail guru Mary Portas is backing a new campaign to block Shein's IPO
Say No to Shein has launched a new petition calling on the government to block the highly-anticipated IPO.
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The Body Shop is on the brink of being saved by a British tycoon led investment firm
Administrators of The Body Shop have entered into an exclusivity agreement with a consortium led by investment firm Auréa to secure the future of the beauty chain in administration.
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'Fierce competition between retailers' helped keep inflation down in June
The rate of inflation in the UK held firm in June and in line with the Bank of England’s target, according to the latest data from the Office for National Statistics (ONS).
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Adidas has upped its full-year guidance as 'better than expected' sales momentum builds
Sportswear giant Adidas has upped its guidance for the full year after sales jumped in a “better-than-expected” second quarter.