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Victoria's Secret UK Goes Into Liquidation Amid Pandemic-Induced Sales Drop

Victoria's Secret UK Goes Into Liquidation Amid Pandemic-Induced Sales Drop
sputniknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sputniknews.com Daily Mail and Mail on Sunday newspapers.

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Next Plc apparel and textile business news, company profile, analysis, comment and interviews


UK clothing and homewares retailer Next Plc has seen its sales stage a partial recovery in the second quarter after they were dealt a big blow during the coronavirus lockdown. Investment in online capabilities, warehouse capacity and a strong balance sheet have all helped, and the company is now confident of booking a full-year profit. Industry experts offer their views on today s (29 July) results.>
UK clothing and homeware retailer Next Plc has said it expects to finish the year in profit after it revealed a better than expected slump of 28% in full price sales for the second quarter.>
Western retailers must not turn their backs on their suppliers and the millions of workers who make the goods they sell, say Dorothée Baumann-Pauly and Natasja Sheriff from the NYU Stern Center for Business and Human Rights. Here they set out three ways fashion brands can offer practical assistance their suppliers during the Covid-19 crisis.> ....

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4 reasons why I think the Next share price could rise to 8,500p


4 reasons why I think the Next share price could rise to 8,500p
More on:
Next(LSE: NXT) share price has soared since the first UK lockdown in March 2020.
At present, it’s at 7,930p, having been above 8,000p on Thursday. I reckon the stock could break through the 8,500p marker. Here’s why.
US$12.3 TRILLION out of thin air…
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#1 – Online sales boost the Next share price
Over 50% of Next’s 2019/20 revenue came from online sales. This has so far helped the company steer itself out of the coronavirus crisis. Although Next has had to temporarily close all of its stores in the UK due to the lockdowns, it’s the online sales that have helped keep it afloat. ....

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L Brands Inc apparel and textile business news, company profile, analysis, comment and interviews


In the latest third-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered an increase in both profit and revenue with the company well-positioned to deliver a solid finish to fiscal 2020, Stage Stores has narrowed its net loss, and American Eagle Outfitters has booked record sales. Elsewhere, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell brands into two independent companies and pursue a proposed IPO of Madewell. >
Following a slew of earnings slides, reports are now suggesting that L Brands founder and CEO, Les Wexner, is looking to leave the business and that it is continuing to weigh up options for its Victoria s Secret lingerie brand. just-style looks at why this could be a good move for the company.> ....

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