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Clothing & Shoes
Burberry profits plummet 40% amid luxury spending slowdown
Burberry has seen its pre-tax profits nosedive 40% to £383m in its full-year results, down from £634m the prior year,…
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Health & Beauty
Boots owner steps up talks with potential buyers for chain
Walgreens Boots Alliance (WBA), the owner of Boots, has reportedly stepped up efforts to secure a potential buyer for the…
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Online & Digital
Shein accelerates London IPO preparations
Shein is reportedly ramping up its move towards a London IPO after its attempt to float in New York faced…
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Clothing & Shoes
Mothercare enters refinancing talks amid sales decline
Mothercare is exploring its refinancing options after sales fell by 13% to £281m in the year ended 30 March 2024,…
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Supermarkets
CMA calls on grocers to prioritise accurate pricing
The Competition and Markets Authority (CMA) has called on grocers to prioritise accurate pricing following a review of the way…
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Clothing & Shoes
Boohoo losses hit £160m amid sales slump
Boohoo losses have widened to £159.9m in its full-year results, up from a previous loss of £90.7m, as revenues fell…
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Department Stores
Mike Ashley settles lawsuit against Morgan Stanley
Mike Ashley’s Fraser’s Group has dropped a $50bn (£40bn) lawsuit against Morgan Stanley, with no money exchanged by either parties,…
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Supermarkets
Supermarket sales growth slows to 3.4% as inflation eases
Total Till sales across UK supermarkets slowed to a growth of 3.4% in the four weeks ending 20 April, down…
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Department Stores
Next maintains FY guidance amid strong Q1 sales
Next has maintained its full-year guidance after the group welcomed strong trading in the first quarter of the year. In the…
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High Street
Card Factory profits soar 25% amid strong store trading
Card Factory has welcomed a strong year of trading, as pre-tax profit soared 25% to £65.6m in FY24, largely boosted…
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