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Next raises profit outlook as hot spell spurs fashion buying

  Bloomberg Next Plc raised its profit forecast as the hotter weather and return to formal events encouraged more Brits to buy summer clothing but warned that worsening inflation could hit consumer sentiment. The British clothing and housewares chain said profit will be £860 million ($1.04 billion) this year through January, up from previous guidance of £850 million, according to ...

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Fast Retailing set to open first GU brand store in US

  Bloomberg Fast Retailing Co will open its first GU store in the US, adding to its Uniqlo shops in the country as the apparel maker seeks a greater presence in the North American market. Opening this fall in Soho, New York, the pop-up store will be GU’s first outside Asia, where there are already 450 outlets selling more stylish ...

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SAS reports 32% drop in July traffic

  Bloomberg SAS AB reported a 32% plunge in passenger traffic last month, revealing the impact a strike had on troubled Scandinavian airline and its customers. The total number of passengers fell to 1.3 million in July from 1.9 million a month earlier, the Stockholm-based carrier said in a statement. Capacity falls 23% in July as the 15-day strike among ...

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