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Clothing & Shoes
Zara owner expands budget brand Lefties in bid to rival Shein
Zara owner Inditex is reportedly expanding its low-priced, Gen Z-focused brand Lefties in a bid to be competitive against fast…
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People Moves
Asos appoints new executive VP of digital product
Asos has appointed Anthony Ben Sadoun as the new executive vice president of digital product. According to Drapers, he will…
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High Street
Taxpayers to foot bill for Body Shop redundancies
Taxpayers are set to pay millions of pounds to laid off staff at The Body Shop as the restructuring of…
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Supermarkets
Ocado to stock frozen ready meals for pets
Frozen petfood startup Ted’s Bowl has secured an Ocado listing for its range of frozen ready meals for pets, according…
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Department Stores
Strong Walmart sales boosted by omnichannel model in Q4
Walmart has reported strong fourth quarter results, as revenues grew by 5.7% to $173.4bn (£137bn) over the holiday quarter. Its…
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Supermarkets
Moody’s ‘cautiously optimistic’ over Iceland’s future despite weak results
Moody’s has said it is “cautiously optimistic” over Iceland Foods’ financial future and prospects of tackling its bond debt, despite…
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People Moves
Aurelius MD behind Body Shop buyout exits group
A dealmaker from Aurelius who helped lead its private equity takeover of The Body Shop has abruptly left the group…
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Online & Digital
Jeff Bezos sells over $4bn of shares in Amazon
Amazon founder Jeff Bezos has recently sold more than $4bn (£3.2bn) of his shares in the company, according to new…
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Online & Digital
Frasers ups stake in AO amid £80m share buyback programme
Frasers has upped its stake in AO World to 24.7% amid the launch of a new £80m share buyback programme.…
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News
Tesco boss calls for youth employment reform
Tesco CEO Ken Murphy has called on the government to make youth employment a priority, claiming the apprenticeship levy is…
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