All News articles – Page 443
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NewsDebenhams to seek additional £50m from lenders
Debenhams is set to ask its lenders for a further £50m cash injection to carry the struggling retailer through Christmas trading.
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NewsEve Sleep halves losses as sales continue to fall
Eve Sleep has reduced its underlying EBITDA losses but continued to struggle against a “backdrop of substantial retail headwinds” as sales fell.
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NewsAmazon boasts record-breaking Prime Day
Amazon Prime Day broke records for the online giant as sales surpassed its previous Black Friday and Cyber Monday sales combined.
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NewsAsos issues profit warning due to ‘operational issues’
Asos has lowered its full-year expectations for the second time this year after its US and European arms suffered ongoing “operational issues”.
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NewsAmazon facing EU probe over data misuse allegations
Amazon is being investigated by EU antitrust regulators over allegations that it misuses “sensitive data” from retailers that sell on its ecommerce marketplace.
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NewsWatches of Switzerland mulls travel retail growth
Watches of Switzerland boss Brian Duffy said travel retail could be a potential growth area for the luxury jewellery retailer as its store in Heathrow airport is “very, very successful.”
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NewsShop Direct poaches Boots exec for trading director role
Shop Direct has snapped up Boots own-brand boss Guy Farmer to helm the etail group’s trading division.
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NewsHotel Chocolat full-year sales climb driven by ‘innovation’
Hotel Chocolat has recorded a healthy rise in its full-year sales bolstered by “strong growth” across all divisions of its business.
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NewsWatches of Switzerland profits soar in maiden results
Watches of Switzerland recorded surging profits bolstered by rising sales in what boss Brian Duffy described as a year of “strong, profitable growth”.
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NewsMP calls for ‘breathing room’ over ecommerce ‘time bomb’
A Liberal Democrat MP has called on the Government to give the retail sector 18 months of “breathing room” to adapt to new anti-fraud rules he claimed were a “ticking time bomb” for online retail.
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NewsJohn Lewis’ own-brand fashion label boosts sales
John Lewis Partnership posted an increase in its weekly sales figures bolstered by sales of its own-brand products and continued clearance offers.
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NewsInditex lays out ‘transformational’ sustainability agenda
Zara’s parent company Inditex has laid out new goals to drive sustainability across its fascias which include cutting down on non-recycled materials and eliminating its use of single-use plastic.
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NewsCurrys and Argos square up to Amazon Prime Day
As Amazon Prime Day rages on, rivals across electricals, entertainment and fashion have launched competing Sales initiatives in a bid to cash in on the retail event.
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NewsAlmost one in six high street shops lie empty
The shop vacancy rate in the UK stands at 15.9%, according to figures released by local councils to restructuring specialist Duff & Phelps.
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NewsArcadia and Topshop CVAs challenged by property group
The CVAs of Arcadia Group and Topshop Topman face opposition from a US property owner.
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NewsPoundland owner sales rise as chain ‘outperforms’ high street
Pepkor Europe, owner of businesses including Poundland in the UK, has seen profits and revenue rise during the first half of its financial year.
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NewsSainsbury’s workers to strike over attendance policy
Sainsbury’s workers at a distribution centre are set to walk out for the second time later this month over a dispute regarding attendance.
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NewsBurberry revenue rise driven by new product
Burberry has posted an increase in revenue for the first quarter and hailed the “excellent customer response” to some of its new product lines.