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Finance

Sports Direct

Frasers Group set for “upbeat” update after reopening stores

Frasers Group is expected to unveil an “upbeat” trading update amid hopes its sales will have rebounded strongly after the reopening of high street stores.

Amazon delivers mixed bag of results for second quarter

Amazon has turned in a mixed bag of results for its fiscal second quarter, coming up short of Wall Street expectations in revenue but beating them on profits.

Number of empty shops continues to rise across UK after Covid...

The number of empty shops in high streets, retail parks and shopping centres has increased in the past three months, according to new data.
Mothercare

Mothercare losses widen in the year of the pandemic

Baby clothing and baby care group Mothercare has announced full year results for the 52 week period to 27 March 2021, with a statutory loss of £21.5 million, a bigger loss than the £8.5 million reported last year.
Dr Martens

Dr Martens strong Q1 sales outperform pre-COVID-19 results

Dr Martens has today announced a strong Q1 performance in the three months to 30 June 2021, which has seen group revenue at £147.3m – up 52% year on year – but more impressively up 31% compared to the same period in pre-pandemic 2019.
Klarna

Klarna launches £3m Support Package Program to support SMEs

Klarna, the leading global retail bank, payments, and shopping service, has today announced the launch of a new £3 million Small Business Support Package to help British SMEs recover from the pandemic.
Oxford Street

Quarantine for EU and US visitors to England is dropped providing...

England is to allow US and EU travellers who are fully vaccinated against coronavirus to enter without the need to quarantine in what will be a huge boost to retail, which has been starved of tourist trade since the pandemic struck.
BRC Shopping High street

Shop prices tumble sharply on back of cheaper food and clothes

Shoppers have seen retail prices plunge more sharply this month on the back of summer clothing sales, while food also became cheaper, according to new data.
Gucci UK Store

Kering sees very strong sales growth in first-half 2021 results

Luxury fashion house Kering has announced it saw a 48.9% revenue increase on an as-reported basis and 53.3% increase on a comparable basis to €7.7 billion for the six months to 30 June 2021.
High street shopping

UK retail sales strong in July but clothing yet to return...

UK retailers have reported another strong month of sales growth but clothing and footwear demand is yet to return to "normal" levels.
LVMH and Kering

LVMH reports revenues of €28.7 billion

French luxury conglomerate LVMH has reported first half revenues of €28.7 billion, a rise of 56% compared with the same period in 2020.
In The Style Adam Frisby

In The Style doubles revenue as it returns to profit

Digital womenswear brand In The Style has reported revenues of £44.7 million for the 12 months to 31 March 2021, up from £19.3 million in the year previous.
MANGO

Mango expects to exceed 2019 profits in 2021

Mango has closed the first half of 2021 with 21% more sales than in the same period of 2020, prompting the retailer to revise its forecasts for this year – expecting profits to exceed those of pre-pandemic 2019.
Armani

Armani recovers in first half of 2021 with 34% sales rise

The Armani Group's consolidated net revenues at 30 June 2021, showed an overall growth of 34% compared to the first half of 2020.
Selfridges

Selfridges owner begins formal auction process for £4bn sale

The Weston family has kicked off a formal auction process for Selfridges and has placed a price tag of £4bn on the luxury department store chain.
Leicester Square

Leicester Square seeking new flagship tenant as “Burger King Corner” undergoes...

Property developers are set to spend £100m transforming the north-east corner of London’s Leicester Square and are seeking a new flagship tenant for one of the capital's most high profile sites.

Consumer confidence edged above March 2020 levels in July

Consumer confidence edged above March 2020 pre-lockdown levels in July, according to GfK’s UK consumer confidence barometer.
High street shopping

Retail sales up in June as Euro 2020 boosts food sales

Retailers saw sales rebound in June as football fans enjoying the Euros bought more food and drink but non-food retail, including clothing, was down.
Ted Baker

Ted Baker quits Ugly Brown Building HQ for Gorgeous Brown Building

Ted Baker has signed a 10-year lease with Westminster City Council on a new company HQ and expects to move in next summer.
Crocs

Crocs reports record second quarter revenue and commits to Net Zero...

Casual footwear brand Crocs has reported record second quarter revenues, reaching $640.8m, an increase of 93.3% compared to the same period in 2020.