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Clothing & Shoes
Nike withdraws FY guidance amid falling Q1 sales
Nike has withdrawn its full-year guidance after first quarter sales plunged, and ahead of Elliot Hill becoming president and CEO…
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Clothing & Shoes
Mulberry rejects Frasers’ £83m takeover offer
Mulberry has rejected a £83m offer from Frasers to take over the company, after stating its offer “did not recognise…
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Clothing & Shoes
Boohoo considers break-up of business
Boohoo bosses are reportedly mulling a break-up of the company after shareholders have pressured the group to revive the business.…
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Supermarkets
Morrisons signs £370m property deal in bid to shrink debt
Morrisons has reportedly signed a £370m deal with the aim of using its property portfolio to shrink its debt pile.According…
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Clothing & Shoes
Asos to axe more than 200 head office jobs
Asos could reportedly axe over 200 jobs at its head office as it mulls a restructuring amid recent heavy losses…
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Supermarkets
Over 150 MPs call on Asda to end equal pay dispute
More than 150 MPs have written to Asda bosses calling for them to end an ongoing equal pay dispute, the…
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Department Stores
Next warns of store closures if equal pay appeal fails
Next has warned that store closures may be necessary if its appeal against a recent equal pay ruling fails. Last month,…
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Online & Digital
Ocado ups FY guidance as Q3 sales rise 15%
Ocado has hiked its full-year guidance after a period of strong growth and trading in Q3, boosted by a rise…
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Economy
Inflation holds steady at 2.2% in August
The rate of inflation remained steady at 2.2% in August, unchanged since July, yet is still above the Bank of…
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Online & Digital
THG looks to demerge Ingenuity arm
THG has announced that it is “actively undertaking” work that could lead to the demerger of its technology arm, THG…
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