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The Sun
an hour ago
- Business
- The Sun
Outdoor clothing chain with 67 branches launches huge clearance sale after closing six high street stores
AN outdoor clothing retailer is shutting one of its stores and has launched a huge clearance sale. Millets is expected to close its store on Middlesbrough 's Linthorpe Road in September. Signs posted outside the shop say there is a closing down sale now on. The clothing chain announced in October that it would be shutting six stores early in 2025. However four of the locations were set to be reopened and rebranded as GO Outdoors, a sister brand to Millets. These included the sites in Lowestoft, Douglas, York and Grimsby. It's not clear whether the upcoming store closure in Middlesbrough is among the six originally earmarked for closure. The Sun has reached out to Millets for comment. Some stores have already closed so far this year. The store in Burgess Hill, West Sussex, closed in January but was not rebranded. Another store in Bracknell is also set to close down and has launched a 30% off closing down sale, but it still appears to be open for now. Meanwhile the Worthing location is also expected to close. The store, which has been there since 2016, will be replaced by a GO Outdoors Express. Millets sells outdoor clothing and equipment, including big-name brands like Berghaus, The North Face and Jack Wolfskin. It's currently owned by JD Sports, which had rescued its previous owner Blacks from administration in 2012 by buying the brand. More store closure news The latest Millets closures come as retailers struggle on the high street. They've faced issues such as reduced customer spending, higher staff costs and increasing bills. They're also having to contend with the rise of online shopping. Clothing brand Monki, which is owned by H&M, is closing its Glasgow store in Buchanan Galleries in August. New Look has also launched a wave of store closures, with 11 branches shutting already in 2025. Its branch in Neath, Wales, is set to close imminently on August 6. Plus Poundland is closing 37 stores in August as part of a wider restructuring plan following its £1 sale to Gordon Brothers earlier this year. You can see the full list of Poundland stores shutting in August here. WhSmith is set to disappear from the high street in the coming months. Its high street arm has been bought by Hobbycraft owner Modella Capital, which is rebranding all the stores to TGJones.
Economic Times
a day ago
- Business
- Economic Times
European shares fall as investors digest earnings deluge; Adidas sinks
European shares fell on Wednesday, weighed down by bank stocks, as corporate earnings took centre stage ahead of a packed schedule, which includes central bank announcements, key data and the approaching August 1 tariff deadline this week. ADVERTISEMENT German sportswear brand Adidas warned that higher U.S. tariffs would add around 200 million euros ($231 million) to its costs in the second half, sending shares tumbling 7% to a near four-month low. Peer JD Sports fell 0.8%. Banks index dipped 0.9% a day after hitting its highest since September 2008. Swiss bank UBS rose 3% after reporting its second-quarter profit more than doubled from last year's, while HSBC Holdings fell 5% on posting first-half pretax profit below estimates. The pan-European STOXX 600 index dropped 0.3% by 0720 GMT. Regional bourses were mixed, with Germany's blue-chip DAX shedding 0.3%, while France's CAC 40 rising 0.1%. Miner Rio Tinto dropped 1.4% after reporting its smallest first-half underlying profit in five years on subdued iron ore prices. The outlook for European corporate health has improved, earnings forecasts showed on Tuesday, after the European Union struck a framework trade deal with the U.S. on Sunday following weeks of negotiations. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Recorder
a day ago
- Business
- Business Recorder
European shares fall as investors digest earnings deluge; Adidas sinks
European shares fell on Wednesday, weighed down by bank stocks, as corporate earnings took centre stage ahead of a packed schedule, which includes central bank announcements, key data and the approaching August 1 tariff deadline this week. German sportswear brand Adidas warned that higher U.S. tariffs would add around 200 million euros ($231 million) to its costs in the second half, sending shares tumbling 7% to a near four-month low. Peer JD Sports fell 0.8%. Banks index dipped 0.9% a day after hitting its highest since September 2008. Swiss bank UBS rose 3% after reporting its second-quarter profit more than doubled from last year's, while HSBC Holdings fell 5% on posting first-half pretax profit below estimates. The pan-European STOXX 600 index dropped 0.3% by 0720 GMT. Regional bourses were mixed, with Germany's blue-chip DAX shedding 0.3%, while France's CAC 40 rising 0.1%. Miner Rio Tinto dropped 1.4% after reporting its smallest first-half underlying profit in five years on subdued iron ore prices. The outlook for European corporate health has improved, earnings forecasts showed on Tuesday, after the European Union struck a framework trade deal with the U.S. on Sunday following weeks of negotiations.
Time of India
a day ago
- Business
- Time of India
European shares fall as investors digest earnings deluge; Adidas sinks
European shares fell on Wednesday, weighed down by bank stocks , as corporate earnings took centre stage ahead of a packed schedule, which includes central bank announcements, key data and the approaching August 1 tariff deadline this week. German sportswear brand Adidas warned that higher U.S. tariffs would add around 200 million euros ($231 million) to its costs in the second half, sending shares tumbling 7% to a near four-month low. Peer JD Sports fell 0.8%. Banks index dipped 0.9% a day after hitting its highest since September 2008. Swiss bank UBS rose 3% after reporting its second-quarter profit more than doubled from last year's, while HSBC Holdings fell 5% on posting first-half pretax profit below estimates. The pan-European STOXX 600 index dropped 0.3% by 0720 GMT. Regional bourses were mixed, with Germany's blue-chip DAX shedding 0.3%, while France's CAC 40 rising 0.1%. Miner Rio Tinto dropped 1.4% after reporting its smallest first-half underlying profit in five years on subdued iron ore prices. Live Events The outlook for European corporate health has improved, earnings forecasts showed on Tuesday, after the European Union struck a framework trade deal with the U.S. on Sunday following weeks of negotiations.
Reuters
a day ago
- Business
- Reuters
European shares fall as investors digest earnings deluge; Adidas sinks
July 30 (Reuters) - European shares fell on Wednesday, weighed down by bank stocks, as corporate earnings took centre stage ahead of a packed schedule, which includes central bank announcements, key data and the approaching August 1 tariff deadline this week. German sportswear brand Adidas ( opens new tab warned that higher U.S. tariffs would add around 200 million euros ($231 million) to its costs in the second half, sending shares tumbling 7% to a near four-month low. Peer JD Sports (JD.L), opens new tab fell 0.8%. Banks index (.SX7P), opens new tab dipped 0.9% a day after hitting its highest since September 2008. Swiss bank UBS (UBSG.S), opens new tab rose 3% after reporting its second-quarter profit more than doubled from last year's, while HSBC Holdings (HSBA.L), opens new tab fell 5% on posting first-half pretax profit below estimates. The pan-European STOXX 600 index (.STOXX), opens new tab dropped 0.3% by 0720 GMT. Regional bourses were mixed, with Germany's blue-chip DAX (.GDAXI), opens new tab shedding 0.3%, while France's CAC 40 (.FCHI), opens new tab rising 0.1%. Miner Rio Tinto (RIO.L), opens new tab dropped 1.4% after reporting its smallest first-half underlying profit in five years on subdued iron ore prices. The outlook for European corporate health has improved, earnings forecasts showed on Tuesday, after the European Union struck a framework trade deal with the U.S. on Sunday following weeks of negotiations.
