H&M profits Decrease by 88.2% to £174.4m in the year to November 30, 2020
H&M said its financial position “remains strong” despite the losses The fashion retailer saw profit collapse by 88.2 per cent during the year to November...
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Next posts H1 loss but raises profit outlook on strong trading
Next brand full price sales in the first half of this year were down 33 percent on last year and total sales including markdown sales...
Debenhams Says it will cut 2,500 more jobs
Struggling department store group Debenhams says it will cut 2,500 more jobs as it struggles to survive the coronavirus pandemic. This is on top of...
Primark comes to rescue exporters Amid Covid 19
The U.K. retailer, Primark owned by Associated British Foods Plc, said it would cover the wage component of clothing orders that were scheduled for shipment within...
UK : Fourth largest textile waste producer in Europe
UK is in headlines again not for BREXIT but for increasing constant textile and apparel waste in fact, it has recently been found as the...
UK Textile Exports to US to Be Hit with Additional tariffs
Exports of a range of fashion and textile products from the UK to the US will be hit with an additional 25 per cent tariff...