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07.05.26 - 15:54
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Revealed: owner of former WH Smith stores is charging fee to use fictitious ′family′ brand (The Guardian)
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Exclusive: Documents show Modella Capital, which bought the chain last year, is so far owed £2.9m in royalty feesThe investment company that owns the former WH Smith high street stores is charging the retailer millions of pounds in licence fees for the right to use its widely derided TG Jones name, the Guardian can reveal.Modella Capital – which bought the chain from WH Smith's parent company last year – on Wednesday blamed weak consumer spending as it laid out a restructuring plan that could shut 150 of its 450 shops. It also said “the forced name change from WH Smith has also negatively impacted consumer awareness”. Continue reading......
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07.05.26 - 11:12
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JD Sports warns Iran war could hit consumer spending and raise prices (The Guardian)
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Retail group with 4,800 stores worldwide expects drop in profits this year amid 'muted market'Business live – latest updatesThe sports fashion retailer JD has warned that profits will fall this year amid a “muted market” hit by weaker spending by young people and concerns about the Middle East conflict.The company, which runs 4,800 stores worldwide including the JD, Blacks and Millets chains in the UK, said it expected profits of between £750m and £850m in the year ahead, after reporting £852m in the year to the end of January. Continue reading......
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07.05.26 - 08:54
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JD Sports Fashion Bottom Line Drops In Full Year (AFX)
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LONDON (dpa-AFX) - JD Sports Fashion (JD.L) announced a profit for full year that Drops, from the same period last yearThe company's bottom line totaled GBP629 million, or GBP0.0854 per share. Thi......
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06.05.26 - 15:54
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Dozens of former WH Smith stores face closure, putting thousands of jobs at risk (The Guardian)
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New owner Modella Capital, which rebranded shops to TG Jones, blames weak consumer spending Dozens of former WH Smith stores are likely to close, putting thousands of jobs at risk under a radical restructuring plan by their new owner, which had rebranded the shops to TG Jones,The investment company Modella Capital, which bought WH Smith's chain of 480 high street stores for £76m last year, blamed “weak consumer spending” as it set out the plan to landlords on Wednesday. Continue reading......
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