Retail gazette logo Monday, 24 April 2017
Today: 10924 articles, 48 jobs
Boohoo's profits expected to double
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Boohoo's full-year results later this week is expected to boast a surge in annual pre-tax profits to £29.6 million and 50 per cent growth in sales. According to The Telegraph, Boohoo’s annual pre-tax profits is almost double the £15.6 million recorded a year earlier. Meanwhile, its online sales are set to be around £100 million higher compared with 2016, rising to £290.4 million, boosted by new international markets. READ MORE: Boohoo takes £12m loan to acquire Nasty Gal The Manchester-based online ret... read more...
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Fate of Sir Philip Green’s knighthood remains uncertain
Sir Philip Green has been warned that he “remains on the hook” despite resolving his end of the bargain in the BHS pensions deficit scandal. Frank Field, a veteran Labour MP and chair of the Work and Pensions Select C...
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Woolworths poised for a comeback
Woolworths could be making a comeback to the UK’s high streets – almost a decade after it collapsed and shut down. According to the Daily Star, the retailer’s former managing director Tony Page has approached Shop Dir...
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Jimmy Choo up for sale
Luxury shoe retailer Jimmy Choo has put itself up for sale, its management board announced today. The British brand decided to conduct a review of the various options open to it, including a sale, in order to "maximis...
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Shoppers prefer next-day delivery over click-and-collect: survey
New research has found that almost one in five UK retailers are failing to offer satisfactory delivery and returns options. According to ecommerce agency Ampersand, more than half of consumers preferred next day deliv...
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