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Zalando posts sales uptick after “challenging” October

Zalando has said it would push ahead with its strategy to increase market share this year after its preliminary fourth-quarter report indicated sales growth and operating profit in line with analyst expectations. The online fashion retailer said preliminary sales figures for the quarter rose between 21.2 per cent and 23.2 per cent to €1.32 billion (£1.17 billion) to €1.34 billion (£1.18 billion), despite a “challenging” October. READ MORE: Zalando announces ambitious partnership expansion plans It said adjusted EBIT is expected to come in between €107 million (£95 million) and €120 million (£106 million) for the same period, up from €95.6 million (£85 million) in 2016

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Pep&Co to double UK presence with new Poundland deal

Poundland has revealed plans to roll out over 150 store-in-stores with budget fashion chain and Steinhoff stablemate Pep&Co. Over the 12 months from February 1, Pep&Co fashion outlets will open in Poundland stores across the UK, bringing the total to over 300.






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Seasalt Christmas sales surge 52%

Fashion and lifestyle retailer Seasalt has had a record year for Christmas trading, recording a 52 per cent year-on-year increase in overall sales. For its five week period leading up to January 6 strong sales growth was recorded both online and in-store, with 72 per cent online year-on-year growth, and store sales up by 40 per cent year-on-year. Seasalt’s trading in the Christmas period was not limited to the UK, with international sales up by 77 per cent.






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PrettyLittleThing enters sponsorship deal with E! TV

PrettyLittleThing has launched a new partnership with pop culture channel E! Entertainment Television in an effort to drive the companies’ “matching values and association with celebrity fashion”. The year-long partnership will see PrettyLittleThing sponsor the channel’s biggest shows, including Wags LA in the UK, Keeping up with the Kardashians in all territories, and Revenge Body with Khloe Kardashian in France. We're hyped to announce that we are official sponsors of @e_entertainment Catch our babein' new Sweet Life campaign ad between all your fave shows pic.twitter.com/9hTwn39njd — PrettyLittleThing (@OfficialPLT) January 15, 2018 PrettyLittleThing currently sponsors Life of Kylie in Australia on the entertainment channel, and the deal will build on this relationship, incorporating both the brands social media networks to engage its fans.






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YNAP hits €2bn mark for the first time in 2017

Online fashion giant Yoox Net-A-Porter (YNAP) has revealed net revenues topping €2 billion for the first time amid its preliminary financial results for 2017. In the full year to December 31, YNAP saw net revenues rise 16.9 per cent to €2.1 billion (£1.86 billion), driven by a “strong” fourth quarter where sales increased by 13.2 per cent to €575.1 million (£510.2 million). Growth extended across all business lines with multi-brand in-season net revenues growing 18.3 per cent to €1.1 billion (£975 million), multi-brand offseason net revenues increasing €14.9 per cent to €789.6 million (£700.4 million) alongside gross merchandise value of its online stores rising 20.8 per cent to €217.5 million (£192.9 million).






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Big Interview: Kim Winser, Chief Executive, Winser London

In 2000 the number of 16-34-year olds who owned a house in the UK was 53 per cent, while the number of over 65s in the same position sat at 68 per cent. In 2016 this gap increased to 34 per cent and 77 per cent respectively.






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No Christmas cheer expected for Primark parent company

The parent company of Primark is forecast to post a dip in sales during its first quarter this week, but analysts say the value fashion retailer has been doing well on its own. Association British Foods (ABF) will release its quarterly update on Thursday, which will also reveal how the company fared over the crucial Christmas trading period. READ MORE : Primark revenues surge 19% According to City AM , analysts at Credit Suisse predict ABF would post a one per cent dip in like-for-like sales, but sales in its UK market would be positive.






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No Christmas cheer expected for Primark parent company

The parent company of Primark is forecast to post a dip in sales during its first quarter this week, but analysts say the value fashion retailer has been doing well on its own. Association British Foods (ABF) will release its quarterly update on Thursday, which will also reveal how the company fared over the crucial Christmas trading period. READ MORE : Primark revenues surge 19% According to City AM , analysts at Credit Suisse predict ABF would post a one per cent dip in like-for-like sales, but sales in its UK market would be positive.






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Buyers circle New Look as bond prices plummet

Potential buyers are reportedly circling New Look, hoping to capitalise on its current financial woes which have caused its bond prices to plummet. According to The Mail on Sunday, several anonymous buyers are considering buying up swathes of cheap bonds






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Buyers circle New Look as bond prices plummet

Potential buyers are reportedly circling New Look, hoping to capitalise on its current financial woes which have caused its bond prices to plummet. According to The Mail on Sunday, several anonymous buyers are considering buying up swathes of cheap bonds






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