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H&M's profit tumbles more than expected as costs bite

H&M's profit tumbles more than expected as costs bite

Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.
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Poundland to expand further in UK, increase Pep&Co presence

Poundland to expand further in UK, increase Pep&Co presence

​Pepco’s budget chain Poundland is continuing to invest heavily in its stores this year with the creation of hundreds of new jobs and opening/relocation plans that will also see expansion for the Pep&Co clothing line.
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ASOS names key finance exec to team

ASOS names key finance exec to team

ASOS is doubling down on its efforts to kickstart its recovery and has reportedly appointed a senior restructuring executive to its finance department, as it continues to talk to its syndicate of lenders.
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Mixed news from Superdry as Christmas is strong but wholesale lag dents profits

Mixed news from Superdry as Christmas is strong but wholesale lag dents profits

​Superdry reported “strong” Christmas trading on Friday and generally rising sales, but it scaled backs its profit forecast to "breakeven" and stayed cautious on its outlook for the rest of the year. 
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Italy's Safilo slightly beats FY guidance as sales reach 1.08 billion euros

Italy's Safilo slightly beats FY guidance as sales reach 1.08 billion euros

Safilo on Thursday narrowly beat its forecasts on full-year revenues, posting a 4.2% rise at constant exchange rates thanks to the positive performance of its own brands as well as of its licensed business.
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After the sales come the returns, and fashion tops list of most likely items

After the sales come the returns, and fashion tops list of most likely items

Returns season is upon us, and it’s going to be a particularly busy period, especially for the fashion and beauty sectors, a survey says. Gifts worth £232 million will be returned in the UK, a poll of 2,000 people shows,
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Shein calls on young designers

Shein calls on young designers

The Chinese e-tailer intends to support new talents via its Shein X programme, which has already supported 3,000 designers, investing 55 million dollars. A fashion show will be organised in Paris in June.
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Inspecs revenue growth stalls, but order book is strong

Inspecs revenue growth stalls, but order book is strong

British eyewear specialist Inspecs’ full-year trading update on Thursday highlighted a challenging year that saw 2022 group revenue dipping to $246 million (it reports in US dollars) from $246.5 million in 2021.
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Crew Clothing's big-name retailer links drive strong Christmas, January looks good

Crew Clothing's big-name retailer links drive strong Christmas, January looks good

​There’s a key trend being seen in UK retail with brand after brand reporting strong Christmas trading on the back of their link-ups with John Lewis, Next, M&S and Very.
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Busy Brand Machine Group creates new menswear buying chief role

Busy Brand Machine Group creates new menswear buying chief role

​Brand owner and licensing house Brand Machine Group (BMG) has been very busy of late and just a month after announcing a new technology chief and welcoming a new CFO, it has unveiled another key role.
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Ermenegildo Zegna's performance slows down in 2022 due to China

Ermenegildo Zegna's performance slows down in 2022 due to China

The Italian luxury group reached 1.49 billion euros in 2022 with an increase of 15.5%, but it sees its progress slowing down in particular in the fourth quarter (-0.5%) penalized by the anti-Covid policy in China.
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News analysis: will it be a long road back to profit for Boohoo Group?

News analysis: will it be a long road back to profit for Boohoo Group?

Boohoo has fallen from grace spectacularly since the pandemic. But here's why we shouldn't write it off just yet, even though it might take some time for it to regain its former glory
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Primark: why its sales rose so strongly this festive season

Primark: why its sales rose so strongly this festive season

​After delivering a strong trading update for the latest quarter this week, Primark parent company ABF's finance chief has detailed just what made the company so strong in this key end-of-year shopping season.
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Boss unveils Perfect Moment skiwear collab

Boss unveils Perfect Moment skiwear collab

​Hugo Boss’s youthful Boss label has returned to the slopes as Presenting Partner of the Hahnenkamm Races in Kitzbühel, Austria, and also unveiled its new collab with specialist skiwear brand Perfect Moment.
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Freemans extends successful media deal with iProspect UK

Freemans extends successful media deal with iProspect UK

Freemans Grattan Holdings has extended its media deal with iProspect UK after a decade working together in which they relaunched Freemans as a pureplay digital department store and saw growth outstripping the market.
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Tesco to revamp F&F in H2 as it moves creative agency

Tesco to revamp F&F in H2 as it moves creative agency

​The UK's largest supermarket chain – Tesco – is reportedly planning to revamp its F&F clothing line, and has named Bartle Bogle Hegarty, as its creative agency with plans to unveil a new look and feel this year.
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