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PDD Holdings (Temu) Faces Profit Drop Despite Revenue Growth
PDD Holdings, the parent company of Temu, reported a 47% profit decline to £1.5 billion in Q1 2025/26, despite a 10% revenue increase to £9.8 billion. The decline has been attributed to increased tariffs...
Kingfisher Reports Modest Sales Growth Driven by B&Q and Digital Channels
Kingfisher plc has reported a 2.2% increase in Q1 sales, reaching £3.3 billion. Notably, B&Q’s like-for-like sales rose 7.9%, contributing significantly to the group’s overall performance. The UK & Ireland market also experienced a...
SHEIN Targets Hong Kong IPO Amid London Listing Delays
Fast-fashion giant SHEIN is preparing for an initial public offering (IPO) in Hong Kong following delays to its planned London listing. The shift reflects ongoing regulatory and geopolitical challenges, particularly amid heightened trade tensions...
Modella Capital Exits Poundland & Dealz Acquisition Race, Hilco and Gordon Brothers Lead
Modella Capital has withdrawn from the bidding process to acquire Poundland and Dealz, leaving Hilco Global and Gordon Brothers as the leading contenders. The buyer will take on £30 million in debt and face...
Home Bargains Opens £400 Million Automated Warehouse, Pioneering Retail Logistics
Home Bargains has inaugurated a new £400 million automated warehouse in St Helens, designed to support its network of 300 stores. The facility features cutting-edge automation technology, with 80% of operations automated, positioning it...
Adidas Confirms Cyber-Attack; Customer Contact Data Exposed
Adidas has confirmed that it was the target of a cyber-attack impacting customer contact data, although payment details and passwords were reportedly not compromised. The company is actively investigating the breach and working with...
Comet Relaunch Set for Q4 2025 Under OnBuy Leadership with £10m Investment
The iconic UK electronics retailer Comet is set to make a comeback under the stewardship of OnBuy, an online marketplace platform. CEO Cassion “Cas” Paton now oversees both brands, signalling an integrated approach to...
The Very Group Launches Premium Boutique Fashion Range with Flexible Payment Option
The Very Group has unveiled a new boutique fashion collection comprising over 100 premium summer-ready pieces, ranging from occasionwear to essential wardrobe staples. This launch highlights the company’s ongoing commitment to expanding its product...
Co-op Commits to Full Electronic Shelf Label Rollout by End-2026
The Co-op is advancing its digital transformation with plans to deploy electronic shelf labels (ESL) across its entire estate of 2,400 stores by the close of 2026. This rollout is already underway, with 1,500...
Marks & Spencer’s Bold Move into Large Format Food Stores Signals New Era
Marks & Spencer (M&S) is making a significant push into the large standalone food store segment, announcing plans to open 12 new sites primarily on former Homebase locations. This initiative is expected to create...