All City & finance articles
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NewsZalando cites AI and About You integration for double-digit revenue increase
Fashion retailer and tech provider Zalando has said revenue was up by 23.8% in the first quarter of the year, with adjusted EBIT reaching €65m.
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NewsNext to raise overseas prices due to Middle East conflict
Fashion giant Next has said it will implement “moderate” price increases in some international territories and pair them with “operational cost savings”.
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AnalysisExplainer: GameStop’s eBay takeover offer – and why it may not be a goer
Disclosing a surprise bid for eBay, GameStop said the marketplace could be “a legit competitor to Amazon”. But there are big questions about the likelihood of a deal.
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NewsCastore targets international growth with new £90m funding
Sportswear brand Castore is ramping up plans to expand internationally after securing a new £90m credit facility with its banking partners.
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NewsTGJones closes in on debt refinancing deal
TGJones, the rebranded WHSmith high street business, is nearing a refinancing of debt facilities, it is understood.
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NewsGameStop launches $56bn takeover bid for eBay
US games specialist GameStop has unveiled an offer for ecommerce giant eBay.
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NewsCastore boss hails ‘strong performance’ despite deepening losses
Sportswear retailer Castore’s boss Tom Beahon has hailed another “strong performance” from the business, despite posting deepening losses for the year.
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NewsModa in Pelle owners hire external advisers to ‘review financial position’
The majority owners of footwear retailer Moda in Pelle have appointed advisers to “actively review the company’s financial position, including its solvency”, according to internal emails seen by Retail Week.
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NewsFrasers rides to the rescue of children’s bicycle-maker
Frasers Group has continued its spending spree by riding to the rescue of children’s cycle-maker Frog Bikes.
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Chart of the WeekUnlocking volume growth is retail’s key challenge
A new report makes clear the challenge for UK retail, fighting for volume growth in a market where people are buying less
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NewsCard Factory performance impacted by slow high street footfall
Card Factory has posted an increase in full-year sales, but reported slow high street footfall had impacted its performance.
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InterviewAuralis boss David Butler: the man with an investment plan for ‘unloved’ British brands
Retail Week sits down with Auralis and Weird Fish chief executive David Butler to discuss his ‘investment thesis’ for the buy-and-build holding company and why he believes his operating model is the answer to unlocking value in under-invested and under-loved British heritage brands.
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NewsJD Sports chair quit after failed push to remove CEO – reports
Andy Higginson quit his chair position after the board failed to back a move to remove Régis Schultz, according to a report in the FT this morning.
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Opinion‘Primark will need to face down short-termists when it goes public’
If ever there were businesses that took a long-term view, they’re Primark and parent ABF. As they prepare to demerge, it will be vital that mindset is not jeopardised by the often short-term attitudes of the public market, says George MacDonald
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AnalysisAsos pierces war gloom with ‘green shoots’ update
As Asos pushes on with its turnaround, boss José Antonio Ramos Calamonte was able to report the first monthly increase in new customers for five years, and changes made to sourcing mean there has been no war hit so far
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AnalysisSainsbury’s boss joins chorus of retailers warning on Middle East war impact
While delivering another strong set of results, Sainsbury’s boss Simon Roberts was cautious about the effects of the ongoing war and called on the government to do more to stamp out rising prices.
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NewsSainsbury’s in consultation with Tu clothing staff ahead of restructuring
Sainsbury’s is currently in consultation with Tu clothing staff about a reshaping of its fashion business that will lead to job cuts, Retail Week understands.
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NewsAsos shows ‘topline improvement’ as losses narrow and customer base grows
Asos has reported early signs of “topline improvement” as its losses narrow, and it has grown new customers.
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NewsWHSmith revenues rise but it warns of Middle East impact on summer travel
WHSmith saw its revenue rise across the business, but it is cautious about the outlook as conflict in the Middle East is set to disrupt summer travel.
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NewsSainsbury’s ‘outperforms market’ as sales continue to grow
Supermarket Sainsbury’s has said it has “outperformed the market” for six years in a row as it reported rising sales.