Financial services firm Moodys has changed the outlook for both New Look and Debenhams from stable to negative amid both retailer’s current financial troubles. Debenhams posted a poor Christmas trading ...
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In 2019, and for the first time ever, consumers will be as likely to shop on their smartphones as they would a laptop or desktop, according to research by price ...
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Fashion retailer Jack Wills has reportedly appointed accountancy firm EY to scrutinise and advise on its financial position. According to Sky News, EY - who are led by HSBC - ...
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Marks and Spencer has confirmed 17 stores which are set to close within its plans to shutter over 100 stores to “reshape” its estate and become more relevant to customers. ...
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High end supermarket group Booths has reported a “strong” growth in sales over the Christmas period as well as an increase in profit. In the three weeks to 5 January ...
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High street retailer New Look has announced it has reached an ‘in principle’ debt-for-equity swap proposal with key stakeholders to reduce its debt by 80%. The fashion chain is seeking ...
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Fashion brand Quiz has issued a profit warning despite an 8.4% increase in group revenue in the six-week period from 25 November 2018 to 5 January 2019 against the comparable ...
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The retail sector has seen its worst Christmas performance in 10 years, despite a number of businesses reporting positive trading for the period. According to the British Retail Consortium (BRC), ...
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Marks and Spencer has reported a 2.7% drop in its total sales for the 13 weeks to 29 December 2018. Its clothing and home sales saw a 4.8% decline and ...
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Beleaguered music and film retailer, HMV, who officially fell into administration during the festive period, was denied a £3.35m government tax cut before it entered administration new figures have revealed. ...
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