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Published August 13, 2025 Positive news first. Total UK retail sales increased by 2.5% year on year in July (06 July-2 August), against growth of just 0.5% seen in July 2024, and above the 12-month average growth of 1.9%. That’s according to the monthly KPMG/BRC Sales Monitor. Photo: Pixabay Then there’s upbeat news for fashion and […]

By AFP Published August 13, 2025 At least 146 people have been in touch with UK police alleging crimes by former Harrods owner Mohamed Al-Fayed since authorities opened a new probe last year, the Metropolitan Police confirmed on Wednesday. Harrods owner Mohamed Al-Fayed passed away in 2023 – AFP “The live investigation into those who

By Reuters Published August 13, 2025 Tapestry kept up a brisk pace of sales in the April-June quarter, with revenue likely growing 5.5%, thanks to growing demand for its stylish handbags that are more affordable than traditional luxury labels. Young shoppers are being drawn to Coach’s designs Accessible luxury companies, including Tapestry and Ralph Lauren,

By Reuters Published August 13, 2025 Walmart has expanded its 10% employee discount to nearly all of its grocery items, as the retail giant looks to retain workers, the Wall Street Journal reported on Wednesday, citing a letter from chief people officer to the company’s staff. Walmart has expanded its staff discount The 10% discount,

By AFP Published August 13, 2025 The 15.5% stake in SMCP (Sandro, Maje, Claudie Pierlot and Fursac) that had been improperly transferred to a trust in the British Virgin Islands by its Chinese shareholder, who defaulted in 2021, has now been returned to the Luxembourg holding company that held it, management said on Monday. Sandro

Published August 13, 2025 The US and Canadian arms of Claire’s have already filed for bankruptcy protection and now the UK/Ireland arm is set to file for administration, with 2,150 jobs on the line. Claire’s The budget accessories and jewellery retailer has 278 UK stores and 28 Irish ones and they’ve been struggling in the

Published August 13, 2025 Despite new trade tariffs and numerous other burdens, Lenzing was once again able to increase sales and profits in the first half of the year. The Austrian fibre manufacturer generated sales of 1.34 billion euros in the first half of the year, exceeding levels reached during the same period last year.

Published August 13, 2025 Positive news first. Total UK retail sales increased by 2.5% year on year in July (06 July-2 August), against growth of just 0.5% seen in July 2024, and above the 12-month average growth of 1.9%. That’s according to the monthly KPMG/BRC Sales Monitor. Photo: Pixabay Then there’s upbeat news for fashion and

By Bloomberg Published August 13, 2025 Gildan Activewear Inc. agreed to buy US underwear maker Hanesbrands Inc. for about 2.2 billion dollars in cash and stock, in its largest ever acquisition. Hanesbrands specialises in men’s and women’s inner wear – Maidenform Canada-based Gildan is offering Hanesbrands holders roughly 6 dollars a share, based on the

By Reuters Published August 13, 2025 The world’s biggest retailer of Ikea goods said on Wednesday CEO Jesper Brodin was stepping down after eight years, to be succeeded by Spaniard Juvencio Maeztu, the first non-Swede to lead the group. Ikea retails its minimalist, Swedish inspired product ranges globally Maeztu takes the top job at Ingka