All articles by Chloe Mills – Page 48
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NewsPrimark owner ABF upgrades profit outlook as sales rise
Value fashion giant Primark has reported an increase in sales in its third quarter and parent company ABF upgraded its profit forecast for the full year.
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NewsFrasers Group finalises new Mike Ashley role amid acquisition streak
Frasers Group has made a deal with founder Mike Ashley and he has been formally appointed as a consultant to the fashion giant.
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NewsHotter Shoes owner considers emergency restructuring
Hotter Shoes’ parent company Unbound Group is reportedly in talks to launch emergency restructuring plans to “shed some of its liabilites”.
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NewsWHSmith, M&S and Argos failed to pay minimum wage
WHSmith, Marks & Spencer, and Argos are among companies that have been named for failing to pay the minimum wage, according to the Department for Business and Trade.
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NewsJoules still owes creditors over £100m following collapse
Fashion retailer Joules reportedly still owes more than £100m to its suppliers, landlords and customers holding gift cards, according to new documents.
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NewsNext in talks with Elliott Advisors over Reiss sale
Fashion giant Next is in talks with private equity house Elliott Advisors regarding the sale of its 51% stake in Reiss, according to Sky News.
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NewsMatalan appoints new supply chain and retail executives
Fashion retailer Matalan has announced Phil Hackney as the company’s new chief supply chain operations officer and Katherine Davis as chief retail officer.
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NewsMonsoon launches travel boutique store at Waterloo
Monsoon has opened the doors of its new travel boutique store concept in London’s Waterloo Station as it continues expanding its travel retail portfolio across the UK and Europe.
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GalleryStore gallery: Harrods unveils luxury loungewear and lingerie ‘universe’
Harrods has welcomed shoppers to its new “luxurious lingerie and lounge universe” on its first floor in Knightsbridge, featuring two rooms for customers to “explore every aspect of the ultimate lounge to lingerie wardrobe”.
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NewsFrasers continues acquisition streak with stakes in Currys and Boohoo
Frasers Group has acquired an 8.9% stake in electricals retailer Currys and a 5% stake in online fashion retailer Boohoo in a continued string of acquisitions for Mike Ashley’s retail empire.
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NewsKurt Geiger secures new funding to drive global growth
Luxury footwear and accessories retailer Kurt Geiger has secured fresh funding in a bid to “refinance its existing debt” and support its international growth plans.
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NewsNext increases profit guidance as warm weather triumphs
Fashion giant Next has upgraded its full-year profit and sales guidance as the effects of the warm weather and annual salary increases pay off.
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NewsFrasers Group fashion boss Greg Pateras steps down
Frasers Group fashion chief executive Greg Pateras has confirmed he will step down from his role following his appointment less than a year ago.
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NewsHugo Boss ups sales target and confirms global expansion plans
Luxury fashion group Hugo Boss has increased its 2025 sales target to €5bn (£4.2bn) and confirmed plans to “expand its global footprint” in its latest strategy update.
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NewsNobody’s Child embarks on US expansion with Europe and Middle East to follow
Nobody’s Child has unveiled its expansion into the US through the launch of online partnerships with fashion brands Anthropologie and Nordstrom, as its European and Middle Eastern expansion plans “are also imminent”.
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NewsNext mulls £500m sale of Reiss stake
Fashion giant Next is considering the sale of its 51% stake in Reiss in a deal that would value the fashion brand at more than £500m.
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NewsAsda freezes prices on 500 grocery products
Asda is putting a price freeze on more than 500 of its branded and own-brand products until the end of August in a bid to “give customers more control over what they spend”.
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NewsIkea boosts customer service with home improvement advice and AI
Home and furniture giant Ikea is training up its call centre workers to become interior design advisers, as artificial intelligence plays a crucial role in answering its customer enquiries, according to Reuters.
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NewsSweaty Betty names former Jo Malone executive as new boss
Sportswear retailer Sweaty Betty has named Melissa Mullen as its new global brand president, succeeding former chief executive Julia Straus.
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InterviewQ&A: Percival boss Chris Gove on shooting for the Big Apple as part of US expansion
Retail Week spoke to Percival founder and creative director Chris Gove about the menswear retailer’s international expansion plans and growing from a single London pop up to a potentially global store estate