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Finance

Matalan

Christmas restrictions impact sales at Matalan

Matalan has reported a 21.4% sales drop in the latest quarter, partially due to the four-week lockdown in England throughout November. The omni-channel fashion and...
Topshop

Next reported to be the frontrunner to acquire Topshop

British high street giant Next is reported to be the frontrunner to acquire Topshop, the jewel in the crown of Sir Philip Green's collapsed...
Dr Martens

Dr Martens aims for stock market listing next month

Dr Martens could be listed on the Stock Exchange in London by the start of next month and hopes to be included in a...
Jaeger

Jaeger to cut 233 staff and permanently shut all stores after...

Administrators for Jaeger have said that 233 staff will be made redundant following the heritage fashion brand’s acquisition by Marks & Spencer. As expected Jaeger’s...
Business rates

UK heads towards double-dip recession as GDP falls 2.6% in November

The UK economy is on track to head back into recession as official figures showed that GDP fell 2.6% in November after the country...
Simply Be N Brown

N Brown reports recovery in revenue trajectory

N Brown, parent of Simply Be, JD Williams and Jacamo, has posted revenues in the 18 weeks to 2 January (Q3) down -8.9% year-on-year,...
Uniqlo China

Uniqlo sees group revenue dip, bolstered by sales in China

Fast Retailing, parent company of Uniqlo, has reported its latest financial results for the quarter ended 30 November 2020, with sales in China mitigating...
Boohoo

Boohoo sales up 40% as it updates on “Agenda for Change”

Online fast fashion giant Boohoo achieved a 40% uplift to £660.8m in the four months to 31 December as it saw growth across all brands...
Primark

Primark owner warns of potential £1.1bn in lost sales from lockdowns

Primark owner Associated British Foods has warned of a hit from lost retail sales of more than £1bn if coronavirus lockdowns force its stores...
Topshop Arcadia

JD Sports in talks with Authentic Brands Group about potential Topshop...

JD Sports is reported to be in talks with US group Authentic Brands with a view to partnering on a potential purchase of Topshop,...
Debenhams

Debenhams Oxford Street flagship among six stores to be permanently closed

Stricken department store Debenhams has said it will permanently close six branches, including the flagship Oxford Street shop, with the loss of 320 jobs. It...
MyTheresa

MyTheresa announces expected share price on New York Stock Exchange

Mytheresa, the German-based global luxury fashion platform, has announced that it has launched the initial public offering of its American Depositary Shares (ADS's), with...
Urban Outfitters

Urban Outfitters reveals management changes amid disappointing Christmas sales

Urban Outfitters Inc., parent company of Urban Outfitters, Anthropologie and Free People, has revealed disappointing Christmas sales and announced its current Chief Executive Officer...
Sosandar

Revenues rise at Sosandar following “record” quarter

Sosander has posted a 6% rise in sales to £3.98m and a continued reduction in EBITDA loss in the three months to 31 December...
ASOS

ASOS predicts £40m lockdown profit boost as sales jump

Online young fashion giant ASOS has said it expects the impact of the pandemic to provide a £40m profit boost which will help drive...
Business rates

Tory MP calls for business rates to be scrapped and replaced...

Business rates should be scrapped and replaced by an increase in VAT in order to save high street businesses, according to a Conservative MP. Kevin...
ecommerce generic online retail

December caps standout 2020 for online retail sales but fashion suffers...

Following an impressive November performance, online retail sales growth in December remained high at +37% year-on-year. The growth caps a “standout year in e-commerce,” with...
Edinburgh Woollen Mill

Edinburgh Woollen Mill sold in rescue deal protecting 1,453 jobs

Philip Day, the owner of Edinburgh Woollen Mill, has secured a deal to rescue the brand and its sister business Ponden Homes from disappearing...
Glossybox

The Hut Group reports revenue growth of 51%

The Hut Group has reported a higher rise in its Christmas sales than previously forecast, and has upped its full-year expectations accordingly. THG has reported...

Edinburgh Woollen Mill close to potential rescue deal

The owner of Edinburgh Woollen Mill is close to securing a deal which may rescue the brand after it crashed into administration last year. Philip...