
UK shoe giant Clarks has filed its results for its year to February 2020 and the figures show just how much it was struggling even before the pandemic forced its stores to close and sent footwear demand plummeting.
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UK shoe giant Clarks has filed its results for its year to February 2020 and the figures show just how much it was struggling even before the pandemic forced its stores to close and sent footwear demand plummeting.
Ted Baker is one of the last of the big names to deliver a Christmas quarter trading update and on Thursday it said that the 13 weeks from November to the end of January sent its revenues plunging.
Britain's biggest sportswear retailer JD Sports Fashion is likely to build a distribution centre within the European Union and create around 1,000 jobs there to avoid paying post-Brexit tariffs, its chairman said.
Shortly after JD Sports announced it was selling 6% of its shares to raise money for an acquisition warchest, it announced the result of the fundraising. It managed to generate £464.2 million.
JD Sports said Wednesday it plans to sell about 6% of its shares to build a warchest as the biggest sportswear retailer in the UK seeks further acquisitions. Its current market capitalisation is around £7.95 billion
JD Sports hasn’t stopped looking for acquisitions and on Monday it said that it has reached a conditional agreement to buy US-based DTLR Villa, the “hyperlocal athletic footwear and apparel streetwear retailer”.
A short statement from JD Sports on Tuesday morning suggested that the company has ambitious plans to make further acquisitions.
There's a new frontrunner in the race to buy Topshop, Topman and Miss Selfridge with Asos being suggested as the lead contender on Saturday evening, which could mean the chances of saving any stores are slim.
The company seen as the frontrunner to win the Topshop auction surprised observers late on Thursday as it emerged Next had pulled out of bidding for the most valuable name in the Arcadia basket of brands.
Fast-expanding retailer Next and its US partner Davidson Kempner are being widely touted as the frontrunners to buy failed Arcadia out of administration.