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Finance

Missguided activewear

Missguided preparing to sell stake in company for first time

Missguided Founder and owner Nitin Passi is reportedly preparing to sell a stake in the company for the first time, appointing City advisors Rothschild to find potential investors.
Boohoo

Boohoo considers linking bonuses to Environmental, Social and Governance goals

Boohoo Group chairman and co-founder Mahmud Kamani is considering the possibility of linking its executive bonus scheme to progress made on Environmental, Social and Governance (ESG) goals.

Consumer confidence edges up slightly amid guarded view of the future

Consumer confidence edged up only slightly last month amid a more guarded view of the future from households hit hard by the pandemic, a survey suggests.
Oxford Street

Retail sales boosted as shoppers buy new outfits ahead of lockdown...

Retail sales in March beat expectations, with shoppers spending more in fashion in anticipation of being able to socialise again, as lockdown restrictions continue to ease.
Next COVID-19

Next chief pay rises to £3.4m thanks to bumper share award

Next CEO Lord Simon Wolfson has seen his annual pay soar to a five-year high of £3.4 million thanks to a bumper shares award as the retail giant weathered torrid high street conditions amid the pandemic.
Primark

Primark owner to pay back £121m in furlough cash despite sales...

Primark’s owner will repay £121 million in furlough money claimed under government job retention schemes and pay out a dividend to shareholders despite being hit hard by the pandemic.
Primark

Primark owner to unveil sales slump after months of closures

Primark owner Associated British Foods (ABF) is set to unveil a slump in sales and profits after the high street giant was hit hard by the latest coronavirus lockdown.
Glossybox

The Hut Group reports full-year losses due to acquisitions and investments

The Hut Group, owners brands including Coggles, Lookfantastic and AllSole, has reported £1.6 billion of revenues for the financial year 2020, with an operating loss of £481.8m, driven by one-off costs from investment and acquisitions.
Sosandar's co-founders

Sosandar reports 63% leap in Q4 sales

Sosandar, the online women's fashion brand, reported a 63% leap in sales in Q4 reaching £3.94m.

JD Sports sees full-year growth despite lockdown closures

Despite the temporary closures of stores in a number of countries at various times in the year, total revenue for JD Sports Fashion Plc increased by approximately 1% to £6.17 billion in the year to 30 January 2021, compared to £6.11bn in 2020.
QUIZ

Revenue drops 66% at Quiz

Fast fashion womenswear brand Quiz has reported a 66% drop in revenue for financial year to 31 March 2021, plunging to £39.7 million.
Hammerson

Landlord Hammerson confirms talks over sale of UK retail parks

Property giant Hammerson has confirmed that it is in talks over a deal to sell its portfolio of UK retail parks.
Visitors to Oxford Street, 2021

Retailers saw “green shoots of recovery” in March with online sales...

Retailers recorded a positive sales result for March 2021, set against a poor base of March 2020, with total like-for-like retail sales – combining in-store and online – increasing by +42.5% against -17.9% for the equivalent month last year.

Boohoo creates 500 jobs with fourth warehouse in Daventry

Boohoo is to create 500 new jobs with the opening of a fourth warehouse, in Daventry, which is due to come on-stream at the end of the second quarter of its financial year.
ASOS Marketplace

ASOS launches £500 million fundraising scheme for global expansion

ASOS has launched a £500 million fundraising scheme through unsecured guaranteed convertible bonds to provide “additional flexibility” for potential global expansion.
Sports Direct Frasers Group

Frasers Group warns over £200m COVID-19 hit

Frasers Group has warned it could take a hit in excess of £200 million due to the ongoing Covid-19 restrictions – double its previous estimate in February.
Debenhams

Debenhams stores to reopen for final closing down sale

Debenhams has announced that its stores in England and Wales will reopen on Monday 12 April for the businesses final closing down sale, as it
Retail footfall

Continued consumer pent-up demand gives optimism for a bounce back from...

UK footfall recovered strongly to an annual decline of -28.1% in March, from -61% in February 2021, though that was distorted by the anniversary of Lockdown 1 falling in the penultimate week of the month, according to retail experts Springboard.
ASOS

ASOS sales leap by 24% to £2bn over six months

Online fashion giant ASOS has revealed that sales soared during the latest COVID-19 lockdown as high street stores remained closed.
Joules

Joules appoints Caroline York as new Chief Financial Officer

Joules has appointed Caroline York as its new chief financial officer (CFO) replacing Marc Dench, who will step down from his position on the Board on 11 May 2021.