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ASOS has lowered its forecast for its full financial year after falling significantly behind its original expectations in November. In the three months up to November 30th, revenue grew by 14% to £656 million as retail sales climbed by 13% to £640 million.  The first quarter saw UK sales rise by...

Blue Inc has entered administration. The company had been trying several cost cutting measures in order to turn the business around. They asked Begbies Traynor to find a suitable buyer, but instead the turnaround firm has now placed it into administration. Begbies Traynor said: “We can confirm that that Blue Inc entered administration on...

Ocado has reported a strong period of growth in its fourth quarter, with retail revenue growing by 12%. The 13 weeks to December 2nd saw retail revenue reach £390.7 million after average orders per week increased by 13.1% to 320,000.  Average order size declined by 1% to £104.91. Tim Steiner, Ocado's chief...

Natural Selection has opened a London flagship store at 49 Berwick Street in Soho. The brand commissioned Architecture for London to design the store.  It is a 5,000 square foot space that ‘explores the contrast between fashion and architecture’. The store will showcase the brands full clothing range, as well as the...

Sports Direct has offered Debenhams a £40 million loan, according to a letter from Mike Ashley published by the Daily Telegraph. Debenhams has confirmed that the letter is authentic, but has declined the loan. A spokesperson for Debenhams said, “We welcome Sports Direct’s proposal as a clear demonstration of their willingness to...

Ikea has chosen Bromley to launch a second Planning Studio format store. The first store in this format was launched on Tottenham Court Road in October. The store will be situated in a former Mothercare and Early Learning Centre site on Bromley High Street, and will focus on offering a dedicated service...

Decathlon has introduced a test & buy option in 20 branches across France. Customers can test products that they choose in real conditions, and if they feel they are unsatisfied or the product isn’t suitable, they can return the item within seven days. In order for this service to work, customers must...

Farfetch has purchased streetwear market place, Stadium Goods, for a total value of £250 million, which will be payable via cash and shares. The move is set to give Farfetch larger access to the men’s streetwear market. Stadium Goods will continue to operate as a standalone brand on the Farfetch platform, and...

Marks & Spencer has appointed former Sainsbury’s chief executive, Justin King, as its new non-exec director. King will begin his role on January 1st, and will also join the retailers nomination committee. King stood down from his role at Sainsbury’s in 2014, after over 10 years in the position. He previously worked at...

Sainsbury’s and Asda have asked the Competitions and Markets Authority for more time to provide all of the evidence regarding their proposed merger. In a statement, the two retailers said that the current timescale wouldn’t give them or the CMA enough time given the scale and complexity of the case. They have asked...