All articles by Chloe Mills – Page 43
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NewsOh Polly hails ‘exceptional’ performance as sales boom
Fashion etailer Oh Polly has credited its “exceptional” full-year financial performance to strong revenues and profits following its international expansion progress.
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NewsFootasylum sales rise despite fall in profits
Footasylum has posted an increase in sales, which it credited to strong store performance despite a fall in profits for the full financial year.
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NewsExclusive: John Lewis expands fashion offer with 20 new brands
John Lewis is expanding its fashion offer for autumn/winter 2023 with the addition of 20 new brands to its portfolio, Retail Week can reveal.
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NewsNew Look closes in on £100m refinancing deal
Fashion retailer New Look is reportedly in “advanced talks” with Blazehill Capital and Wells Fargo regarding a £100m debt refinancing deal to replace a loan that is set to mature next June.
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NewsExclusive: Superdry cannot afford to get product wrong, warns CFO
Superdry chief financial officer Shaun Wills has said the retailer cannot afford to get its product wrong as it enters the autumn/winter season, after it posted an annual loss of £148.1m.
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NewsNext buys £128m stake in Reiss from private equity firm
Fashion giant Next has confirmed the purchase of private equity firm Warburg Pincus’ 34% stake in Reiss, upping the retailer’s total stake to 72%.
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NewsHundreds of redundant Debenhams staff triumph in legal battle
A total of 419 former Debenhams employees who were made redundant following the retailer’s collapse have won a legal battle after a tribunal judge ruled Debenhams had “failed in its duty to consult with its staff”.
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NewsJohn Lewis unveils online Christmas shop for 2023
John Lewis has unveiled its online Christmas shop for 2023 as customer searches for gifts “double” in comparison to this time last year, according to the retailer.
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NewsUniqlo names new CEO and COO in leadership shake-up
Uniqlo parent company Fast Retailing has announced changes to Uniqlo’s senior leadership team, appointing Tadashi Yanai as chief executive and Daisuke Tsukagoshi as president and chief operating officer, starting from September 1.
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GalleryReserved resumes UK expansion with new store concept
Polish fashion retailer Reserved has opened its newest store at London’s Westfield Stratford City as it continues to ramp up its UK and European expansion plans.
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NewsJohn Lewis Partnership joins retailers covering VAT on period pants
John Lewis Partnership has become the latest retailer to cover the cost of VAT on period pants to ensure that period products are “affordable for all”.
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NewsNatura eyes sale of The Body Shop
The Body Shop’s parent company Natura & Co is reportedly eyeing a sale of the business after difficulties making the retailer more profitable.
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NewsGMB seeks ‘urgent meeting’ with business secretary regarding Wilko administrators
The GMB union is reportedly seeking an “urgent meeting” with business secretary Kemi Badenoch to confirm that Wilko administrator PwC is considering all bids for the collapsed value retailer.
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NewsMarks & Spencer says government response on period pants tax ‘isn’t enough’
Marks & Spencer has said the latest government response to making period pants free from VAT “isn’t enough” as its Say Pants to the Tax campaign continues to gain momentum.
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NewsExclusive: Uniqlo hunting for city locations to drive global growth
Uniqlo is “actively seeking opportunities” for growth, both in India and other locations around the world, as it continues to expand its global footprint, Retail Week can reveal.
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NewsShein unveils partnership with Forever 21
Fast-fashion retailer Shein has announced a partnership with Forever 21 owner Sparc Group, a joint venture between Authentic Brands Group and Simon Property Group, in a bid to experiment with an in-store presence for shoppers across the US.
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NewsJohn Lewis Partnership to bolster workforce with 10,000 new roles
John Lewis Partnership is to bolster its workforce as it seeks to recruit more than 10,000 people across the UK in a bid to deliver “exceptional service”.
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GalleryPandora opens ‘warm, welcoming and playful’ new concept store
Pandora has opened the doors to its new ‘Evoke 2.0’ concept store on Oxford Street, the brand’s third and biggest store in London’s West End.
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NewsAbercrombie & Fitch raises outlook as brand positioning pays off
Abercrombie & Fitch has raised its outlook for the full financial year as it recorded a surge in sales during the second quarter, which it credits to the success of the “positioning and assortment” of its brand portfolio.
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NewsNew Look partners with ZigZag to open returns kiosks
New Look has partnered with returns management platform ZigZag Global and will start to roll out return kiosks in a selection of its stores this week.