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Sainsbury’s saw its second quarter like-for-like sales drop by 0.2% as it unveiled plans to close a number of its supermarkets, convenience stores and Argos shops. In the 12 weeks to September 21st, total sales grew by 0.1%, with total group sales growing by 0.6%. Mike Coupe, chief executive of Sainsbury’s, said: “Sales momentum...

Hotel Chocolat has posted an 11% growth in its full year pre-tax profit to £14.1 million. In the year up to June 30th, revenue increased by 14% to £132.5 million, with underlying EBITDA rose by 9% to £20.7 million. During this period, the brand opened 14 new stores in the UK and...

Lionel Messi has launched a premium fashion label for men, which was displayed last week at Santa Eulalia, a leading multi-brand retailer in Barcelona. The brand, named 'Messi', will be available on TheMessiStore.com, and will offer a range of t-shirts, sweatshirts, polo shirts and trousers, with new products dropping each week. ...

Boohoo Group has named Samantha Helligsø as the CEO of its newly acquired MissPap brand. She will join the brand in January next year, marking a return to the group where she began her career.  She started out at Boohoo 12 years ago as part of the marketing team put together...

Thomas Cook has entered compulsory liquidation. The move will see 20,000 jobs put at risk, including 9,000 in the UK, and has seen all of the company’s flights and holidays cancelled. Last minute rescue talks failed last night as more than 600,000 customers were on trips abroad. The CAA will work with the...

Fred Perry is opening a new store on Camden High Street. LabTech, the owner of Camden Market, said that the new 1,541 square foot store will open in October. A spokesperson for the brand said on Thursday: “Camden continues to be a melting pot of subcultures, attracting people from all over the...

Marks & Spencer’s group financial officer, Humphrey Singer, is set to leave the business after 14 months in the role. M&S said in a statement that Singer had decided to step down, and is working with M&S chief executive Steve Rowe to find a replacement. This comes after Jill McDonald, who headed...

Eve Sleep has called off its proposed merger with Simba Sleep as it said ‘now is not the right time’ to make an acquisition. Eve has decided to focus on its own business recovery instead of proceeding with takeover talks. “The board of Eve has decided that now is not the right...

Debenhams has successfully beaten a legal challenge on its CVA. The case was bought on by a group of landlords, backed by Mike Ashley. Debenhams revealed in a statement that the case had been dismissed on four out of its five grounds. This means that Debenhams can now move forward with its planned...

Schuh has appointed Nicola Monachello as it’s new buying director. Monachello will join the business as part of Schuh’s management team, which includes its managing director, Colin Temple. Her most recent role was with New Look, where she led the retailer’s footwear strategy. Temple said: “I am absolutely delighted to welcome Nicola to Schuh as...