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Moss Bros has reported a “strong financial recovery with profit levels above pre-Covid performance” for the 12 months to 31 January 2022, despite stores being closed until 12 April 2021 under the third national lockdown. Moss Bros made EBITDA of £17m – up from £5.2m in 2020 – on turnover of...

Moonpig, the online greeting card and gifting platform, has upgraded its revenue forecast for the year to 30 April following continued strong trading. In a trading update, the retailer said it now expects group annual revenue for the period to come in at around £300 million, which reflects the temporary impact...

Sofa Workshop, a subsidiary of Halo Group, has gone into administration with the loss of 77 jobs. Supply chain and transport costs had contributed to trading losses and outweighed ‘significant revenues’, said appointed administrators Toby Banfield, David Baxendale and Zelf Hussain of PwC. The company had 16 stores across the UK and...

The Funko pop culture lifestyle brand has opened its first international franchise location in Dubai. Owned and operated by Monkey Distribution, the store in the newly constructed Dubai Hills Mall will enable visitors to experience Funko products such as Pop!, GOLD, Loungefly and Funko Games, while being assisted  by a dedicated...

JD Sports has created 100 new jobs through the opening of an upsized store at Leicester’s Fosse Park. The sportswear retailer previously operated a shop at Fosse Park North, but has now moved to a site that it is double the size at the retail park’s new ‘West’ development. Spanning over 12,000...

H&M Man has launched a new sportswear campaign fronted by broadcaster Roman Kemp and poet Hussain Manawer. Called Explore Your Nature, the campaign aims to highlight how sportswear and physical activity can positively affect mental wellness and mindfulness. The messaging is put across through a three part film where mentors like British...

Tesco has seen a 300% increase in the use of its network of free electric vehicle charging points in the past year. The supermarket giant launched the network across car parks at its Extras and Superstores in 2019 in collaboration with Pod Point and Volkswagen. Last month it opened the 500th...

IKEA is to close its Tottenham store in London’s Edmonton as part of a transformation plan for the capital. The furniture retailer said the decision follows an assessment of its presence in London in line with people’s changing shopping behaviours. Last year, online accounted for almost half of IKEA’s total sales...

Iceland will be temporarily revert to using palm oil in some own-label foods from June because the Ukraine war has sent the price of the alternative, sunflower oil, soaring. In 2018 the supermarket chain revealed it would remove palm oil from its products and became a prominent campaigner against its use....

Hackett London has embarked on the second chapter of its collaboration with British racing driver and Formula 1 world champion, Jenson Button. Its campaign for its 2022 spring/summer collection features Button taking a stroll along the famous British beaches of Camber Sands. Hackett said the latest collaboration includes a collection “designed for...