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Clothing & Shoes
Adidas to sell remaining Yeezy stock
Adidas has reported an operating profit of €268m (£229m) in 2023, compared with its previous guidance of a €100m (£85m)…
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Clothing & Shoes
Boohoo lenders reject £75m debt extension bid
Boohoo’s attempt to extend its repayment deadline on a £325m debt has been rejected by some of its lenders due…
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Supermarkets
Morrisons EBITDA hits £970m
Morrisons has revealed that its EBITDA increased 6.5% to £970m, for the year ended 29 October 2023. Alongside this, the…
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Features
It’s not all just fun and games
The UK toy industry reported that its annual sales dropped by nearly £200m in 2023. Sales dropped by 5% to…
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News
H&M announces new CEO as Q4 sales dip
H&M has today (31 January) announced the appointment of its new CEO, Daniel Ervér, as the group struggled to maintain…
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Department Stores
John Lewis ‘will return to profit this year’, White insists
John Lewis Partnership chair, Dame Sharon White, has said the business will return to profit this year, The Telegraph has…
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People Moves
Secret Sales appoints new chief technology officer
Secret Sales has announced the appointment of Anthony Farrow as the online marketplace’s new chief technology officer. The appointment comes…
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News
Poundland begins transition to new general merchandise ranges
Poundland has confirmed that it has begun a “complete overhaul” of its general merchandise ranges that will see it introduce…
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News
Today’s news in brief-29/1/24
The UK experienced a significant increase in business administrations, with the retail sector being the hardest hit, accounting for 19%…
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Supermarkets
Iceland boss backs Labour government
Richard Walker, managing director of Iceland and former Tory donor, has publicly backed Keir Starmer to be the next Prime…
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