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DIY
Matalan fell to £100m loss before takeover, filings reveal
Matalan fell to a pre-tax loss of £103.4m in FY23, widening from a £7m loss the prior period, in a…
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Electrical
Elliott ditches Currys takeover plans
Elliott Management has abandoned plans to buy Currys after claiming that “multiple” attempts to engage with the company’s board were…
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Clothing & Shoes
Superdry appoints restructuring firm to explore cost-saving options
Superdry has drafted in advisers from restructuring firm Teneo in a bid to explore cost-saving options, Drapers has reported. The retailer…
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Supermarkets
M&S co-CEO to step down
Katie Bickerstaffe is set to retire from her role as co-CEO at M&S to pursue her board career.The company said…
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Supermarkets
Tesco raises pay by 9.1% amid ‘record’ £300m investment
Tesco has increased base pay for staff by 9.1%, amid a “record” investment of more than £300m in hourly pay.The…
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Electrical
Currys invests £13m in staff pay boost
Currys has announced a further boost to pay with a new £13m investment which will see all hourly paid staff…
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Department Stores
Frasers rescues Wiggle from administration
Frasers Group has acquired online bicycle retailer Wiggle out of administration, The Sunday Times has reported. Frasers reportedly agreed a…
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Health & Beauty
The Body Shop to close 75 stores and cut over 400 jobs
The Body Shop will close 75 more stores across the UK in the coming weeks, with 489 jobs set to…
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High Street
Central Co-op calls on gov to address ‘alarming rise’ in retail crime
Central Co-op is encouraging its members and customers to write to their local MPs and advocate for legislative reform that…
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Clothing & Shoes
Shein mulls London IPO amid resistance to New York listing
Shein is reportedly considering the possibility of switching its initial public offering to London from New York in what could…
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