Shein cash giveaways similar to Temu’s raise data privacy issues April 30, 2024 Fast-fashion giant Shein has launched a number of promotions on its app, such as "magic draw", "draw easily", "free gift", and "spin to win".
Mike Ashley’s Frasers Group launches fresh £80m share buyback scheme April 29, 2024 Back in February, sporting giant Frasers Group announced a similar buyback scheme which ran for 11 weeks and ended on Sunday the 28th of April.
Worst corporate jargon of the week: Mission April 25, 2024 Offender: Mission Every one of us has been an email chain which is borderline unintelligible for the amount of corporate lingo thrown in there. At City A.M., we’re taking a stand and calling out the worst jargon which travels around the City faster than you can drink an overpriced pint. This week: mission. What does [...]
Meta’s stock tanks 15 per cent as AI spending rises, revenue outlook fails to impress April 25, 2024 Shares of Meta, the parent company of Facebook and Instagram, experienced a significant drop of more than 15 per cent during after-hours trading.
Shein still keen to buy Topshop from Asos April 18, 2024 Fast-fashion disruptor Shein is reportedly still interested in buying Topshop from Asos, the former golden egg of Philip Green’s now collapsed Arcadia empire.
Mark Kleinman: Proxies, a stock market exodus and a Kingfisher mystery April 18, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column.
Asos ahead of schedule turning ‘stock into cash’ as revenue drops 18 per cent April 17, 2024 Online retailer Asos said it was ahead of plan with its stock reduction process, as it ploughs ahead with its turnaround plan.
Superdry and Dr Martens shares tank on London exits and fears for the future April 16, 2024 Shares in Superdry tanked by over 33 per cent following an announcement by the company that it would bid adieu to the public market as part of a scramble to stay alive.
Dr Martens sues Temu over use of trademark on Google search April 14, 2024 Dr Martens filed the legal action against Temu filed at the High Court last week over alleged trademark infringements.
Asos under pressure as Gen Z shoppers switch to Shein April 9, 2024 Clive Black, analyst at Shore Capital, told City A.M. Asos has come off the back of three “really hard years” and is facing increased competition from Far East rivals Shein and Temu.