Pandemic

Asos maintains profit guidance despite HY sales falling 18%

Asos has reported that sales fell by 18% during the half-year period to 3 March, which the   online retailer…

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Scottish retailers’ rates bills to rise by £31m, the SRC says

Shops in Scotland will see their annual business rates bills rise by £31m from next week, the Scottish Retail Consortium…

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Ocado faces shareholder revolt over £15m CEO bonus

Ocado reportedly could see a shareholder revolt over executive pay after a proxy advisor recommended investors vote against the retailer’s…

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Primark trials ‘sold’ stickers as anti-theft deterrent

Primark UK has started trialling a new anti-theft measure, which sees checkout staff at some of the fashion retailer’s branches…

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Today’s news in brief-15/3/24

After 14 years of service, Iain McDonald, a non-executive director at THG, has announced his intention to step down from…

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WH Smith appoints new CFO

WH Smith has appointed Max Izzard as its latest CFO, following the news that Robert Moorhead is set to retire…

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Under Armour founder returns as CEO

Under Armour founder Kevin Plank will become president and chief executive officer, effective April 1, 2024, succeeding Stephanie Linnartz.  Plank,…

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Today’s news in brief-12/3/24

Superdry is in talks with Hilco Capital for a loan of up to £20m. This loan would support the company’s…

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Ann Summers profits hit £61.8m in FY23

Ann Summers has reported that gross profits for the 53-week period to 1 July 2023 hit £61.8m, spelling a 3%…

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What are the effects of VAT taxes on the tourism industry?

The term “tourism tax” has recently been used to refer to taxes imposed on goods and services supplied to international…

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