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Clothing and homeware retailer Next expects annual profits to increase to £1.15bn, up £15m on previous guidance, following strong Christmas sales, while warning that trading conditions in 2026 are likely to be much tougher. In its Trading Statement, released today (6 January), the business reported full-price sales rose 10.6% year on year, ahead of its…
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Less than a week into the new year, Claire’s and The Original Factory Shop are on the cusp of administration, putting 2,550 jobs at risk. Both chains are owned by Modella Capital. In a statement, Modella said an “extremely challenging” high street trading environment had played a key role in the decision to initiate insolvency…
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December’s strongest ecommerce trading fell in the first four days of the month, with daily volumes running between 129% and 160% of the monthly average, according to data from commerce integration platform Patchworks. While performance remained relatively consistent across December, the concentration of peak activity between 1 and 4 December highlighted the front-loading of festive…
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