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Department Stores
Next raises outlook as FY profits top record £1bn
Next has reported that pre-tax profits have risen by 10.1% to £1bn for the first time in its history, with…
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Online & Digital
Virgin Wines targets £100m revenues through ‘turbocharging’ growth plan
Virgin Wines has unveiled plans to “turbocharge” its growth and deliver £100m in annual revenue over the next five years…
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High Street
WH Smith completes refinancing amid plans to sell high street arm
WH Smith has successfully completed a refinancing, which includes its first US Private Placement (USPP) as well as a new…
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Technology
Ocado scales back diversity targets amid DEI crackdown
Ocado has scaled back its diversity targets following a wider rollback of diversity initiatives in the corporate world, The Telegraph…
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Clothing & Shoes
Footasylum profits soar by 188% in ‘record’ year of growth
Footasylum has welcomed a year of “record” profits and sales, with pre-tax soaring by 188% to £17.2m, up from £6m…
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Clothing & Shoes
Frasers renews bid for Norwegian sports retailer XXL
Frasers Group has confirmed it intends to make a mandatory offer for Norwegian sporting goods retailer XXL ASA, despite withdrawing…
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Clothing & Shoes
Select Fashion nears collapse, 35 stores to close
Select Fashion is reportedly on the verge of collapse, with 35 stores set to close if it falls into liquidation.…
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Clothing & Shoes
New Look to open new concept store at Bluewater
New Look is set to relocate to a new 12,120 sq foot concept store at Bluewater. The new store will…
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News
John Lewis staff miss out on bonus despite tripled profits
The John Lewis Partnership has confirmed its staff will not receive a bonus for the third year in a row,…
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Clothing & Shoes
Zara owner Inditex sees sales and profits surge in FY24
Inditex, the owner of Zara, has hailed its “robust” full-year performance after sales rose by 10.5% to €38.6bn (£32.5bn) in…
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