All News articles – Page 2
Most recent first.
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NewsHotel Chocolat sales climb as digital initiatives accelerated
Hotel Chocolat has reported strong sales growth over Christmas after speeding up the pace of digital change in the face of the Covid-19 pandemic.
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AO posts record sales rise in Christmas quarter
Electricals etailer AO World has reported a record surge in sales over the Christmas peak period.
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Moonpig presses button on IPO
Online greetings card specialist and technology platform Moonpig has confirmed its intention to float.
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Superdry turnaround hit by Covid disruption
Fashion retailer Superdry has posted a fall in sales and profits after the coronavirus pandemic took a toll, and cautioned about prospects as a ‘going concern’.
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Seasalt Christmas sales rise buoyed by online demand
Seasalt has recorded an uplift in revenues over Christmas, as online orders “more than compensated” for lost store sales.
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Matalan sales slip as store closures disrupt Christmas trading
Matalan has recorded a slide in sales over Christmas after online growth failed to mitigate the impact of enforced store closures.
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Latest fundraising round values Deliveroo at more than £5bn
Deliveroo’s valuation has shot up to more than $7bn (£5.11bn) ahead of a long-awaited float, following another successful fundraising round over the weekend.
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Dr Martens confirms intention to float
Footwear specialist Dr Martens has become the latest retail brand to confirm its intention to float, with a reported valuation in excess of £3bn.
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Next emerges as frontrunner in race to buy Topshop
Fashion giant Next has emerged as the leader in the race to salvage Topshop from the administration of the Arcadia brands.
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Sir Brian Leveson: ‘Boohoo brands need a shared clear vision’
Sir Brian Leveson’s first report to the Boohoo board has praised the group’s actions so far to reform its supply chain but said there is still “a long way to go”.
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Updated: Jaeger axes over 200 jobs as M&S completes acquisition
Marks Spencer has completed its deal to acquire the brand and stock from Jaeger, resulting in the fashion retailer axing its roles and shutting down its store estate.
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UK economy shrinks in November, ending six consecutive months of growth
The UK economy shrank in November as coronavirus restrictions on consumers and businesses reduced economic activity.
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N Brown suffers festive sales slide and warns of stock delays
N Brown has suffered a drop in revenues during its Christmas quarter despite hailing “continued improvement” in sales.
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Sell online? Not likely, insists Primark finance chief
As sales were decimated and shoppers flocked online during lockdown, many might think Primark would reconsider whether to trade online – far from it.
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Halfords and Dunelm report strong Christmas sales uplifts
Halfords has delivered a rise in festive sales buoyed by the retailer’s “best ever Christmas week”, while Dunelm has posted an increase in Christmas sales driven by a surge in online demand.
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Card Factory losses mount as coronavirus batters store sales
Card Factory suffered further losses over the festive period, with stores forced to close under new coronavirus restrictions.
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Tesco Christmas sales climb boosted by online
Tesco has recorded a strong uplift in sales over the festive period as boss Ken Murphy says the grocer “delivered a record Christmas across all of our formats and channels”.
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Store closures hammer Primark sales as Boohoo exceeds expectations
Primark has recorded a sharp downturn in sales over Christmas with its stores forced to close, while digital pureplay Boohoo’s sales soared.
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Oxfam study shines light on M&S supply chain worker concerns
In-work poverty, discrimination and health worries have been revealed in Marks Spencer’s supply chain at home and abroad.
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Debenhams axes Oxford Street flagship and 320 jobs with latest closures
Debenhams is permanently closing its Oxford Street flagship and five other stores, with the loss of 320 jobs.
