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Today’s news in brief-17/3/25

Fenwick, the family-owned retailer, is facing significant financial challenges, with pre-tax losses widening to £38.1m in the year to January…

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Ex-Morrisons boss touted for B&M CEO role

Former Morrisons boss David Potts is reportedly among the leading candidates for the CEO role at B&M, according to The…

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Today’s news in brief-24/2/25

Shein, the global online fashion retailer, saw its profits plummet by 40% to $1bn in 2024. The company faced a…

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B&M CEO to retire as group lowers FY guidance

B&M has revealed that chief executive Alex Russo will retire on 30 April, as the group announced it has lowered…

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Amazon Q1 net sales jump 13% to $143.3bn

Amazon has revealed that its net sales rose 13% to $143.3bn (£114.7bn), up from $127.4bn (£102bn), for the three months…

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Matalan fell to £100m loss before takeover, filings reveal

Matalan fell to a pre-tax loss of £103.4m in FY23, widening from a £7m loss the prior period, in a…

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Today’s news in brief-8/2/24

Farfetch has appointed Akshay Navle as a new director amidst shareholder discontent following the company’s sale to Coupang. Navle, who…

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Barbour FY23 profits fall despite healthy sales rise

Barbour has revealed that operating profits fell 15% to £34.3m for the year ended 30 April 2023, despite seeing sales…

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Today’s news in brief-27/10/23

Tesco has appointed Matthew Barnes as the new UK CEO, effective March 2024, succeeding Jason Tarry, who will step down…

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Foot Locker sees 11.4% drop in sales to $1.9bn

Foot Locker has reported a 11.4% decline in total sales to $1.92bn (£1.5bn) for its first quarter ended 29 April…

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