Finance News in Brief – 8/5/24
Lead: Boohoo faces widened losses of £159.9m due to market challenges, while Amazon plans a new warehouse in Northampton...
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acquisition administration Aldi Amazon Asda Asos Boohoo British Retail Consortium CEO cost-of-living crisis COVID-19 e-commerce EBITDA expansion footfall Frasers Group growth inflation investment JD Sports John Lewis Lidl London M&S Mike Ashley Morrisons Next online sales pandemic partnership profits retail retailer retailers retail sales revenue revenue growth revenues Sainsbury's sales sales growth store closures sustainability Tesco UK
Lead: Boohoo faces widened losses of £159.9m due to market challenges, while Amazon plans a new warehouse in Northampton...
Lead: Carpetright unveils restructuring plans to bolster regional stores and digital strategies. Who: Carpetright What: Announced restructuring plans When:...
**Lead:** Carpetright, a leading retailer, is set to slash over 25% of its head office staff, affecting around 70...
Lead: Cyber attackers strike at Carpetright, leaving the flooring giant unable to trade online or in-store for almost a...
Lead: Carpetright seeks cost-cutting measures amid tough market conditions, considering store closures, while Majestic acquires Vagabond Wines to secure...
**Lead:** Carpetright, a well-known carpet retailer, is facing tough times as it grapples with weakening demand and heightened competition,...
Lead: Carpetright, the leading UK flooring retailer, is seeking cost-saving measures amid slowing demand and rising competition, potentially leading...
Carpetright, the struggling UK carpet retailer, has been acquired by its largest investor Meditor Holdings Limited (MHL) in a...
Carpetright, the UK's largest carpet retailer, is in discussions with its biggest investor Meditor about a potential sale of...
In a recent development, private investment company Meditor, controlled by former Old Mutual fund manager Talal Shakerchi, plans to...