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Amazon's Q3 sales rose 12.1%, with growth in groceries, fulfilment efficiency and AI-powered shopping strengthening its competitive position, according to GlobalData.
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Group gross merchandise volume rose 7.5% year-on-year to €4.54bn whilst total revenue increased 5.1% to €3.17bn.
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Activewear label Outdoor Voices has partnered with UK distributor Focus Brands to launch across the UK and the EU, targeting online and wholesale accounts.
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The approval was granted under the EU Foreign Subsidies Regulation (FSR).
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The company now expects currency-adjusted group sales to fall in the high single-digit percentage range, with EBIT forecast at €250m to €300m.
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Hilco Capital has invested extra cash so the retailer can build up inventory ahead of the festive period.
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